Market Overview
Zamboanga City’s house and lot market demonstrates moderate but sustainable growth driven by consistent population expansion, infrastructure development, and its strategic position as Mindanao’s third-largest economic center. With a population of 1,018,894 as of the 2024 census and annual growth of 1.84%, the city continues to attract residents, investors, and returning OFWs, creating steady demand for residential properties.
The city’s economic fundamentals support real estate growth, with GDP reaching ₱139.47 billion in 2022 (8.1% growth) and accounting for 32.6% of the entire Zamboanga Peninsula’s economy. Regional unemployment remains low at 2.4% with inflation controlled at 2.6%, indicating stable purchasing power among potential homebuyers.
Key Market Insights
- Official zonal values provide reliable price benchmarks ranging from ₱1,100-37,200/sqm depending on location and classification
- Tourism growth of 16% annually creates accommodation and related business opportunities
- Population growth of 1.84% annually ensures consistent residential demand
- Major infrastructure projects worth over ₱3 billion will improve connectivity and property accessibility
- Regional GDP growth of 4.2% supports overall economic stability
- Low unemployment (2.4%) and controlled inflation (2.6%) indicate healthy economic conditions
Risks and Opportunities
Opportunities: The city’s designation as a flagship tourism destination, ongoing mega-infrastructure projects, and growing BPO sector create multiple demand sources. The ZAMBOECOZONE economic zone offers tax incentives attracting businesses and creating employment.
Risks: Limited verified market data on actual transaction prices, rental yields, and vacancy rates makes precise investment analysis challenging. Reliance on zonal values rather than market prices may not reflect actual trading values.
Implications for Investors/Developers
Zamboanga City presents a stable, fundamentally-sound market with consistent growth drivers rather than speculative opportunities. The wide zonal value range (₱1,100-37,200/sqm) suggests significant location arbitrage opportunities for knowledgeable investors.
Investment Strategy Recommendations:
- Focus on areas benefiting from new infrastructure projects
- Consider tourism-related developments given 16% annual visitor growth
- Target mid-market housing for the growing professional and BPO workforce
- Monitor actual market transactions rather than relying solely on zonal values for pricing decisions
Data Limitations: Investors should conduct primary market research to verify actual selling prices, rental yields, and vacancy rates, as official statistics provide limited granular market data for house and lot segments specifically.
Sources & Citation
- OnePropertee. (2025, August 30). Zamboanga City Zamboanga Del Sur Properties. Retrieved September 12, 2025, from https://onepropertee.com/zamboanga-city-properties
- OnePropertee. (2024, November 25). Lot For Sale Zamboanga City. Retrieved September 12, 2025, from https://onepropertee.com/lot-for-sale-zamboanga-city
- SunStar Zamboanga. (2024, December 5). Zamboanga City records 16% increase in tourist arrivals. Retrieved September 12, 2025, from https://mindanews.com/top-stories/2024/12/zamboanga-city-records-16-increase-in-tourist-arrivals/
- Philippine Information Agency. (2024, January 9). Zambo City Gov’t fast tracks road projects to address traffic congestion. Retrieved September 12, 2025, from https://pia.gov.ph/zambo-city-govt-fast-tracks-road-projects-to-address-traffic-congestion/
- Zamboanga City Government. (2024, February 26). Dalipe unveils 9-point future plans. Retrieved September 12, 2025, from https://zamboangacity.gov.ph/dalipe-unveils-9-point-future-plans/
- Bureau of Internal Revenue. (2025). 2025 Zonal Values Zamboanga City, Zamboanga Del Sur. Retrieved September 12, 2025, from https://zonalvaluefinderph.com/zonal-values/?city=ZAMBOANGA+CITY&province=ZAMBOANGA+DEL+SUR
- Bureau of Internal Revenue. (2024). 2025 Zonal Values Pagadian, Zamboanga Del Sur. Retrieved September 12, 2025, from https://zonalvaluefinderph.com/zonal-values/?city=PAGADIAN&province=ZAMBOANGA+DEL+SUR
- Bureau of Internal Revenue. (n.d.). 2025 Zonal Values General Santos City, South Cotabato. Retrieved September 12, 2025, from https://zonalvaluefinderph.com/zonal-values/?city=GENERAL+SANTOS+CITY&province=+SOUTH+COTABATO
- Vista Land. (2025, June 27). Vista Land Launches New Residential Developments in Mindanao. Retrieved September 12, 2025, from https://www.vistaland.com.ph/news-2/vista-land-launches-new-residential-developments-in-mindanao/
- Philippine Statistics Authority. (2025, April 21). Zamboanga Peninsula’s Economy Grows by 4.2 Percent in Q1 2025. Retrieved September 12, 2025, from https://rsso09.psa.gov.ph/statistics/gross-regional-domestic-product/node/1684058104
- Philippine Statistics Authority. (2025, May 19). Construction Statistics from Approved Building Permits. Retrieved September 12, 2025, from https://psa.gov.ph/statistics/construction/pcs/node/1684076284
- MetroBank Wealth Insights. (2025, September 8). Metro Manila rental yields seen subdued amid high vacancies. Retrieved September 12, 2025, from https://wealthinsights.metrobank.com.ph/bworldonline/metro-manila-rental-yields-seen-subdued-amid-high-vacancies/
- Philippine Statistics Authority. (2024). Zamboanga City Population 2025. Retrieved September 12, 2025, from https://worldpopulationreview.com/cities/philippines/zamboanga-city
- Philippine Information Agency. (2025, March 5). Eco-tourism initiatives boost tourist arrivals in Zambo Sur. Retrieved September 12, 2025, from https://pia.gov.ph/eco-tourism-initiatives-boost-tourist-arrivals-in-zambo-sur
