The 10 Most Affordable Neighborhoods in Arequipa, Peru for First-Time Homebuyers

When it comes to buying a home for the first time, the process can be both exciting and daunting. You’re not just looking for a house; you’re looking for a place to call home, a neighborhood that fits your lifestyle, and most importantly, a place that won’t break the bank. If you’re considering Peru as your destination, then you’re in luck! I’ve spent a considerable amount of time exploring the real estate market in Arequipa, Peru, and I’ve discovered some hidden gems that are perfect for first-time homebuyers. So, let’s dive in and explore the 10 most affordable neighborhoods in Arequipa, Peru. 🏡

1. Cerro Colorado

Known for its modern infrastructure and stunning views of the Misti volcano, Cerro Colorado offers a blend of urban and natural beauty. With an average home price of $80,000, it’s a steal for first-time homebuyers.

2. Yanahuara

Yanahuara is a historic district with charming colonial architecture. The average home price here is around $90,000, making it an affordable option for those who appreciate a touch of history.

3. Cayma

Cayma is a residential area known for its tranquility and safety. With an average home price of $100,000, it’s a great place to start a family.

4. Mariano Melgar

This neighborhood is a hub for young professionals and students due to its proximity to universities. The average home price is around $70,000, making it an affordable choice for first-time homebuyers.

5. José Luis Bustamante y Rivero

With an average home price of $75,000, this neighborhood offers a variety of amenities such as parks, shopping centers, and schools.

6. Sachaca

Sachaca is known for its green spaces and peaceful environment. The average home price here is around $85,000.

7. Paucarpata

Paucarpata is a bustling neighborhood with a vibrant local market. The average home price is around $65,000, making it one of the most affordable neighborhoods in Arequipa.

8. Miraflores

Miraflores is a residential area with a variety of housing options. The average home price here is around $80,000.

9. Hunter

Hunter is a quiet neighborhood with an average home price of $70,000. It’s a great place for those who prefer a slower pace of life.

10. Selva Alegre

Known for its beautiful park and lake, Selva Alegre offers a tranquil environment for its residents. The average home price here is around $90,000.


Q: What is the average home price in Arequipa, Peru?
A: The average home price in Arequipa, Peru ranges from $65,000 to $100,000 depending on the neighborhood.

Q: Is it safe to buy a home in Arequipa, Peru?
A: Yes, Arequipa is considered one of the safest cities in Peru. However, like any real estate purchase, it’s important to do your research and work with a trusted real estate agent.

Q: What is the process of buying a home in Peru as a foreigner?
A: Foreigners have the same rights as Peruvians when it comes to buying property. You’ll need to obtain a tax ID number, open a bank account in Peru, and hire a notary to handle the transaction.


Buying your first home is a significant milestone, and finding the right neighborhood is just as important as finding the right house. Arequipa, Peru offers a variety of affordable neighborhoods, each with its unique charm and amenities. Whether you’re looking for a bustling city vibe in Paucarpata, a tranquil environment in Sachaca, or a touch of history in Yanahuara, there’s a neighborhood in Arequipa that’s perfect for you. Remember, the key to a successful home purchase is doing your research and working with a trusted real estate agent. Happy house hunting! 🏠

Kurby Team

The Kurby Content Team is a diverse group of seasoned real estate experts dedicated to providing insightful, reliable information for homebuyers, real estate investors, and real estate agents. With backgrounds ranging from real estate brokerage, property investment, and residential home buying, our team combines decades of experience with a passion for demystifying the real estate world. We at Kurby are committed to helping you make informed, successful real estate decisions. Whether you're a first-time homebuyer, a seasoned investor, or a real estate professional, count on the Kurby Content Team to deliver the most relevant, actionable real estate content you need.