San Pedro Sula

San Pedro Sula is Honduras's industrial and commercial capital and the economic engine of the country's north, anchoring the Cortés manufacturing corridor and Puerto Cortés, Central America's busiest container port. Its 2025 population reached about 1,034,000, growing 2.58% annually toward roughly 1,060,000 in 2026. This is a yield-driven domestic market rather than a dollar-priced resort one: apartments average about US$2,400/m² and houses around US$1,480/m², with city-center and upscale zones spanning US$600-US$1,200/m². The median residential price runs L3,190,000-L3,650,000 (roughly US$130,000-US$150,000), and two-bedroom apartments trade at US$89,000-US$110,000. Prices are rising 3-7% annually on industrial expansion and urban development. Rental yields are the strongest on the Honduran mainland: Colonia Trejo delivers about 7.0% net, and the central cluster of Trejo, Río de Piedras, and Jardines del Valle sustains 90%+ one-bedroom occupancy, the highest in the national dataset. Average rent is around L240/m²/month (about US$9), ranging L180-L320 by area, with 2026 rent growth projected at 4-6%. Honduras is not dollarized, so mainland investors carry lempira exposure, though rents and many sale prices reference USD. Foreigners may own under Decree 90-90 (one urban property up to 3,000 m²) or via a Honduran corporation; mainland urban property is unrestricted, unlike the coastal/border zones.