Mexico City/Distrito Federal Homes for Sale & Real EstateListings last updated 02/01/2023
Do you speak Spanish? See Casas en Venta en Mexico City/Distrito Federal
Do you speak Spanish? See Casas en Venta en Mexico City/Distrito Federal
Located in the southern part of Mexico, Mexico City is the largest city in the country, by area and by population. There are approximately 8.9 million people living within the 573 square miles of the city, and over 21 million in the metropolitan area. Mexico City is the capital of Mexico.
Mexico City is in the top 10 richest cities in the world, and is the richest in Latin America. The top industries in Mexico City vary from food and beverage to tourism, to textiles and chemicals among many others. Major colleges in Mexico City include the National Autonomous University of Mexico, which is the largest college in North America, with nearly 300,000 students attending each semester. Also known as Ciudad Universitaria, this college is listed as a UNESCO World Heritage Site.
Culture and history play a major role in Mexico City’s appeal. From its pre-Hispanic foundation, to the colonial and religious influences on its architecture, the city is an attractive and cosmopolitan place set at the heart of Mexico. The city boasts many religious institutions, including the Metropolitan Cathedral of the Assumption of the Most Blessed Virgin Mary into Heaven – the largest cathedral in all of the Americas.
Mexico City has a strong Hispanic and pre-Columbian influence. Most names derive from either Spanish influence or Native American language. The city and country name originates from the establishment of Mexico-Tenochtitlan, which was founded in 1325 by the Mexica people of the Aztec empire.
Mexico City is host to the Ciudadela crafts market, the Coyoacán arts district, as well as the Basílica de Guadalupe, which is known for being Catholicism’s holiest place in all of the Americas.
Mexico City is located in the high plateaus of the Valley of Mexico. Even though the city is 1,300 miles from the equator and located in the subtropical highland climate, the temperatures can be considered quite mild. Even in the winters, it is not uncommon for temperatures to dip in the upper-30s, and the hottest months are between April and June, with temperatures averaging in the upper-70s to 80 degrees Fahrenheit. There is a dry season from November to April, and a rainy season from May to October. Total rainfall averages about 12 inches per year.
Real estate and rentals are more expensive here than most other parts of Mexico but it is still quite affordable compared to other major cities in North America. There are homes, condos and apartments available to suit all budgets and preferences.
Although home to over 20 million people, the Mexico City metropolitan area offers plenty of opportunities to live, work and study. It is also filled with culture, history and delectable cuisines. As the economy continues to improve, so does the infrastructure, from busses to internet service.
Nickname(s): "The City of Palaces"
Population: 8.92 million
Land: 1,485 km2
Urban: 6,000 km2
Not counting art galleries, Mexico City has the largest number of museums in the world. Art and culture dating back hundreds of years have influenced the city. Some of the most popular museums include: The National Museum of Anthropology which is considered one of the best museums in the world, the Museum of Modern Art and the Frida Kahlo Museum. Mexico City hosts many must-see festivals throughout the year, including Diez y Seis, which is their Independence Day celebration, Dia de los Muertos, and Dia de Nuestra Senora de Guadalupe. Mexico City has a strong student presence, with an incredible 300,000 students attending the Ciudad Universitaria every semester. Other notable colleges include: National Polytechnic Institute, National School of Anthropology and History, and the Monterrey Institute of Technology and Higher Education.
The Arena Mexico is one of two wrestling venues in Mexico City, with a capacity of 17,000 and weekly matches entertaining the crowds. Watching luchadores (wrestlers) display their magnificent costumes is just as entertaining as the matches themselves. Mexico City has an eclectic and diverse nightlife scene. Explore the cervecerías (beer halls) or Mezcalerías, and enjoy live music from jazz to salsa in the various neighborhoods of the city. Association football is the most popular sport in Mexico City which is home to 4 teams: America, Cruz Azul, UNAM and Diablos Rojos del Mexico.
Mexico City boasts 16 districts, or boroughs, and includes 1,700 neighborhoods! Some have more historical significance than others, but all are unique. Here are some of the more distinctive districts and neighborhoods:
The Centro Historico is filled with colonial landmarks and historic structures dating back centuries. Known as the district where Spaniards started building Mexico, the Centro Historico district extends 9 square km, and is home to Zocalo, the 3rd largest square in the world, which can accommodate 100,000 people. There are over 9,000 buildings here, and almost 20% of them are considered of historic significance.
Chapultepec is famous for maintaining one of the largest urban parks in the world. The park was originally created as a retreat for Aztec rulers, but is now visited by over 15 million people every year. Along with the forest, you will find historic landmarks such as Chapultepec Castle, as well as the Chapultepec Zoo, the Museum of Anthropology, and the Rufino Tamayo Museum.
Polanco is a very upscale district in Mexico City. Luxurious shops and designer boutique stores, high end restaurants and embassies all call this wealthy district their home. Many politicians, celebrities and business executives live in Polanco.
Construction remains strong in Mexico City, and the city is on track to be the seventh richest city in the world by 2025.
Housing options are very affordable compared to other major cities across the globe. While there are new homes being built, many residents live in the historic areas and houses throughout Mexico City.
The housing market is tied directly to Mexico’s economy, with half of the country’s economy coming from Mexico City. Investments in the city and companies adding international office space in Mexico City, as well as dozens of additional retail spaces will allow the city to continue its vibrant growth.
Housing and rental costs are expected to rise, as baby boomers retire and move away from homes which require maintenance, into apartment rentals and condo rentals. The cost of payments will likely rise as well, as Banxico, the country’s federal bank, continues to raise interest rates, in tandem with the economy’s continuing growth.
Millennials are trendsetters, and will often seek out new and unique hot spots beyond the current hip areas like Condesa and Del Valle. With over 30% of Mexico’s population in the millennial age range, new hot spots are likely to pop up in unexpected neighborhoods across the city.
The most likely buyers of properties, especially luxury homes, are Mexican. Mexico has restrictions in place for non-Mexican citizens when it comes to purchasing land, and there are instances where all transaction must go through a Mexican company or bank. Many foreigners are opting to rent, although it is becoming increasingly common for foreigners to purchase homes as part of an investment opportunity or vacation property.
|Home Style||Average Rent Price|
|1-bedroom apartment in City Centre||$435.27|
|1-bedroom apartment Outside of Centre||$283.59|
|3-bedroom apartment in City Centre||$950.58|
|3-bedroom apartment Outside of Centre||$573.02|
Source: www.numbeo.com (February 2017)
Mexico City has the largest college in North America. The National Autonomous University of Mexico, or UNAM as it is called, is ranked amongst the top 100 universities in the world. This school also conducts half of the scientific research in Mexico. On top of this sprawling university, there are a dozen other universities and colleges located in Mexico City. The city’s public schools are managed by the federal Secretary of Public Education. Surprisingly, up to 50% of the education is taught in English. The literacy rate for students in Mexico City is approximately 91%. Public schools are free and funded by the government. Uniforms are often needed, and private schools often require everything to be paid for, from the uniforms to the books. Neighborhoods such as La Condesa, Polanco, Coyoacan, Santa Fe, and Napoles are popular for everything from being family friendly to being diverse, to simply being brand new.