Get all the data you need about the real estate market in Panay Island
This blog post is updated regularly so you always get the most current land price data for Panay Island in 2026.
Whether you are looking at Iloilo City or a quieter province like Antique, prices vary a lot depending on where you look.
Below, you will find a clear breakdown of residential land prices across Panay Island's main neighborhoods, ranked from most expensive to most affordable.
And if you're planning to buy a property in Panay Island, you may want to download our real estate pack about Panay Island.
A quick summary table
| Metric | Value |
|---|---|
| Most expensive neighborhood for land in Panay Island | Mandurriao, Iloilo City |
| Most affordable neighborhood for land in Panay Island | Antique (San Jose de Buenavista) |
| Average price per square meter across Panay Island | PHP 18,000 |
| Median plot price across Panay Island | PHP 5,000,000 |
| Lowest realistic starting budget in Panay Island | PHP 1,200,000 |
| Most expensive plot size in Panay Island | Large plot (800 to 1,500 sqm) |
| Most affordable plot size in Panay Island | Small plot (150 to 250 sqm) |
| Average price for a small plot in Panay Island | PHP 3,900,000 |
| Average price for a medium plot in Panay Island | PHP 7,400,000 |
| Average price for a large plot in Panay Island | PHP 16,900,000 |
| Price gap between most and least expensive neighborhoods in Panay Island | 5x (PHP 35,000 vs PHP 7,000 per sqm) |
| Price range across Panay Island neighborhoods | PHP 7,000 to PHP 35,000 per sqm |
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Neighborhoods in the 2026 Panay Island land market ranked by land purchase price
This table ranks the main neighborhoods in the Panay Island land market by purchase price, from the most expensive to the most affordable.
For each neighborhood, the table includes the average price per square meter, the median plot price, the starting budget, the average price for a small plot, a medium plot, and a large plot, the typical land use, the key advantages, the key drawbacks, and the market segment.
Finally, please note you will find much more detailed data in our real estate pack about Panay Island.
| Rank | Neighborhood | Average Price per Square Meter | Median Plot Price | Starting Budget | Average Price for a Small Plot | Average Price for a Medium Plot | Average Price for a Large Plot | Typical Land Use | Key Pros | Key Cons | Market Segment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Mandurriao (Iloilo City) | PHP 35,000 | PHP 12,000,000 | PHP 6,000,000 | PHP 7,500,000 | PHP 14,000,000 | PHP 32,000,000 | Custom home construction | Very close to Iloilo City business districts, strong road and utility infrastructure, and high long-term appreciation potential | Very high entry prices, limited vacant plots remaining, and a competitive market where good lots sell fast | Prime Land |
| 2 | Jaro (Iloilo City) | PHP 30,000 | PHP 10,000,000 | PHP 5,000,000 | PHP 6,500,000 | PHP 12,000,000 | PHP 28,000,000 | Family home builds | Established residential neighborhood, good road network, schools nearby, and stable land demand year after year | Traffic congestion is a regular issue, large plots are hard to find, and some streets still rely on older infrastructure | Prime Land |
| 3 | Lapaz (Iloilo City) | PHP 27,000 | PHP 9,000,000 | PHP 4,500,000 | PHP 6,000,000 | PHP 10,500,000 | PHP 25,000,000 | Residential infill builds | Central location within Iloilo City, accessible utilities, strong resale potential, and close to key city amenities | Some areas are flood-prone, land supply is limited, and older zones often have irregular lot shapes | High-Value Land |
| 4 | Iloilo City Proper | PHP 25,000 | PHP 8,500,000 | PHP 4,000,000 | PHP 5,500,000 | PHP 10,000,000 | PHP 23,000,000 | Mixed residential builds | Strong accessibility at the historic core of Iloilo City, utilities fully installed, and high buyer demand from local families | Heavy congestion, zoning limitations on some plots, and most available land here comes in smaller sizes only | High-Value Land |
| 5 | Arevalo (Iloilo City) | PHP 20,000 | PHP 6,500,000 | PHP 3,200,000 | PHP 4,500,000 | PHP 7,800,000 | PHP 18,000,000 | Coastal home builds | Coastal location with growing residential zones, improving road access, and a lifestyle appeal that attracts more buyers each year | Flood risk near the coast, drainage issues in some streets, and infrastructure quality is still uneven across the area | Mid-Range Land |
| 6 | Pavia (Iloilo) | PHP 18,000 | PHP 6,000,000 | PHP 3,000,000 | PHP 4,200,000 | PHP 7,200,000 | PHP 16,000,000 | Suburban home development | Fast-growing suburban market just outside Iloilo City, new roads being added, and strong demand from city buyers looking for more space | Traffic bottlenecks are increasing, infrastructure is still catching up, and congestion is expected to get worse before it improves | Mid-Range Land |
| 7 | Oton (Iloilo) | PHP 15,000 | PHP 5,000,000 | PHP 2,500,000 | PHP 3,500,000 | PHP 6,000,000 | PHP 14,000,000 | Residential subdivision builds | Coastal access, lower prices than Iloilo City, expanding residential developments, and good land availability | Some flood-prone zones, utilities are inconsistent in parts of the area, and the commute to Iloilo City center takes more time | Mid-Range Land |
| 8 | Santa Barbara (Iloilo) | PHP 12,000 | PHP 4,000,000 | PHP 2,000,000 | PHP 3,000,000 | PHP 5,000,000 | PHP 11,000,000 | Affordable home construction | Close to Iloilo Airport, flat terrain that is easy to build on, improving infrastructure, and solid road connectivity | Limited local amenities, slower price appreciation than the Iloilo City core, and fewer premium residential developments nearby | Affordable Land |
| 9 | Roxas City (Capiz) | PHP 11,000 | PHP 3,800,000 | PHP 1,800,000 | PHP 2,800,000 | PHP 4,800,000 | PHP 10,500,000 | Family home builds | Provincial capital of Capiz, improving infrastructure over time, and a coastal lifestyle appeal that draws steady buyer interest | Smaller market with lower liquidity than Iloilo City, slower price growth, and limited demand from high-end buyers | Affordable Land |
| 10 | Kalibo (Aklan) | PHP 10,000 | PHP 3,500,000 | PHP 1,700,000 | PHP 2,500,000 | PHP 4,500,000 | PHP 9,800,000 | Residential investment hold | Airport access, tourism spillover potential from nearby Boracay, and a population that keeps growing steadily | Demand fluctuates with the tourist season, infrastructure is uneven in some areas, and premium subdivisions are still rare here | Affordable Land |
| 11 | Passi City (Iloilo) | PHP 8,500 | PHP 3,000,000 | PHP 1,500,000 | PHP 2,200,000 | PHP 4,000,000 | PHP 8,500,000 | Entry-level home builds | Low prices, large plots are available, stable local demand, and very little congestion compared to Iloilo City | Infrastructure is still limited, price appreciation is slow, and there are fewer active development projects in the area | Entry-Level Land |
| 12 | Antique (San Jose de Buenavista) | PHP 7,000 | PHP 2,500,000 | PHP 1,200,000 | PHP 1,800,000 | PHP 3,200,000 | PHP 7,000,000 | Long-term investment hold | Very affordable land prices, large plots are easy to find, low competition from other buyers, and natural surroundings that attract a specific type of buyer | Remote location, weak infrastructure, low market liquidity, and resale can take a long time compared to Iloilo City | Entry-Level Land |
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Key insights about land purchase prices in Panay Island
Insights
- Land in Mandurriao costs 5 times more per square meter than land in Antique, which means your budget can buy a much larger plot in the provinces of Panay Island than in Iloilo City.
- The top 4 most expensive land markets in Panay Island in 2026 are all located within Iloilo City, which shows how much the city dominates the island's land market.
- Once you move beyond Pavia, land prices in Panay Island drop sharply, so buyers who can accept a longer commute can access much better value for money.
- The lowest realistic entry budget for a residential plot anywhere in Panay Island is PHP 1,200,000, found in Antique, which is still accessible for many individual buyers.
- Pavia and Oton show the strongest growth potential in the Panay Island land market today, driven by buyers moving out of Iloilo City in search of more affordable and spacious options.
- Coastal neighborhoods in Panay Island often carry lower prices than expected because flood risk is a real concern that pushes values down, especially in Arevalo and Oton.
- Kalibo stands out in the Panay Island land market because it combines airport access, tourism proximity to Boracay, and a price point below PHP 10,500 per sqm, making it one of the better-value options for patient investors.
- Large plots outside Iloilo City become significantly cheaper per square meter, meaning buyers who need more space get a much better deal in Santa Barbara, Roxas City, or Passi City.
- Median plot prices in Panay Island drop below PHP 5,000,000 once you go past rank 7 in this list, which opens up the market to a broader range of individual buyers.
- Infrastructure quality is the strongest predictor of land price levels across all neighborhoods in Panay Island, more so than coastal proximity or plot size alone.
- Iloilo City Proper has so little vacant land left that buyers are increasingly turning to demolition and redevelopment rather than buying a clean plot to build on.
- Antique offers the cheapest land in Panay Island but also the weakest resale market, so buyers who go there should be prepared to hold the land for several years before selling.
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About our methodology
We also believe it is important to show our reasoning. It is one of the ways we make our work solid, transparent, and rigorous, just as you will see in our real estate pack about Panay Island.
First, please note that this data is updated regularly, so what you see here reflects the current values as of today.
In order to get reliable data, we applied a strict source filter. We only used authoritative, verifiable sources specific to the Panay Island residential land market, not random listings or unsupported figures. More on that point below.
For each neighborhood in Panay Island, we aggregated the freshest land purchase price data available. When possible, we cross-checked multiple sources to confirm the same price range.
This allowed us to estimate the average price per square meter and the median plot price for each neighborhood across Panay Island, from Iloilo City down to Antique and Aklan.
We also calculated the starting budget, which represents the lowest realistic entry point to buy a residential buildable plot of land in that neighborhood in Panay Island. This is not the cheapest possible listing, but a real, achievable floor for a standard land purchase.
For each plot size category, we estimated an average purchase price based on local market conventions in Panay Island. The typical size range for a small, medium, and large plot varies across neighborhoods, so we adapted our estimates accordingly.
These estimates were not applied as one flat number across the island. They were adjusted by neighborhood and plot size to better reflect local land market conditions and price levels across Panay Island's urban, peri-urban, and secondary markets.
This table should therefore be read as a structured market estimate, not as an exact guarantee of transaction prices. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Panay Island.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our real estate pack about Panay Island, we rely on verifiable sources and a transparent methodology.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why It Is Authoritative | How We Used It |
|---|---|---|
| Philippine Statistics Authority (PSA) | The official government body responsible for economic and land statistics across the Philippines, including Western Visayas. | We used PSA data to understand regional price levels and land classification trends across Panay Island. We cross-checked provincial price differences between Iloilo, Capiz, Aklan, and Antique. |
| Bangko Sentral ng Pilipinas (BSP) | The Philippine central bank publishes real estate price indices and macroeconomic data that anchor land valuations nationwide. | We used BSP housing and land indicators to anchor pricing ranges and affordability levels for Panay Island. We validated price growth trends in the Western Visayas region. |
| Department of Human Settlements and Urban Development (DHSUD) | The national regulator for housing and land development, responsible for zoning classifications and residential land standards. | We used DHSUD guidelines to confirm which areas in Panay Island qualify as residential buildable land. We made sure to exclude agricultural and non-buildable zones from our analysis. |
| Colliers Philippines | A major global real estate consultancy with strong on-the-ground coverage of Philippine provincial and urban markets. | We used Colliers market reports to benchmark price gradients between Iloilo City and secondary markets in Panay Island. We triangulated their price per sqm estimates with other sources. |
| Lamudi Philippines | One of the largest property listing platforms in the Philippines, with detailed market reports and a wide range of active listings. | We used Lamudi listing data to estimate median plot prices and realistic entry budgets across Panay Island neighborhoods. We cross-referenced price dispersion across different areas. |
| Property24 Philippines | A recognized property marketplace with transparent, active listings that reflect current buyer and seller behavior in the Philippine market. | We used active listings on Property24 to derive small, medium, and large plot price ranges across Panay Island. We validated price consistency between different neighborhoods and plot sizes. |
| Santos Knight Frank Philippines | An international real estate advisory firm with deep local expertise in Philippine provincial and urban property markets. | We used their regional insights to assess premium versus emerging land markets across Panay Island. We refined our neighborhood segmentation categories based on their market positioning analysis. |
| National Economic and Development Authority (NEDA) | The Philippine government's economic planning agency, which tracks regional infrastructure investment and development priorities. | We used NEDA regional development data to identify infrastructure-driven land value growth across Panay Island. We validated which areas are expected to benefit most from public investment in the coming years. |
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