
5 de Diciembre real estate: explore condos and homes for sale on the Riviera Nayarit & Puerto Vallarta. Updated listings via MLS Vallarta.
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5 de Diciembre is Puerto Vallarta's most authentic neighborhood, a favorite of artists and the LGBTQ+ community. Its proximity to the malecon and genuine neighborhood living make it unique.
Everybody in Puerto Vallarta knows 'Cinco,' but almost no one knows why it carries that name. It isn't random: it honors a date that changed the bay, the day the lands were formally granted to the Ejido Puerto Vallarta. Some accounts point to December 5, 1929, as the ejido's 'material birth'; others recall a major land grant confirmed in 1935. Either way, that day the land stopped belonging to mining companies and big landowners, and passed into the hands of the local people.
From then on, 5 de Diciembre filled up with simple houses, steep streets, and everyday barrio life. The ejidatarios built between the ocean and the Sierra Madre—fishermen, dock workers, downtown laborers—long before the big hotels arrived. This was already a neighborhood that smelled of fresh tortillas, fried fish, and laundry drying in the sun.
Geographically it's a world of its own: to the south it's embraced by the Malecón and downtown, to the north the hotel zone begins; below sits Playa Camarones, the neighborhood's 'local' beach, and above the streets climb the hillside with sweeping views over the bay. One of its most symbolic corners, the Panteón 5 de Diciembre, was inaugurated in 1951. For many foreigners, this barrio is the 'perfect in-between': close enough to the tourist buzz, yet full of small-town soul. That authenticity, paired with its proximity to downtown, is exactly what drives its appreciation and attracts the developments now betting on 'Cinco.'
It's one of Puerto Vallarta's oldest traditional neighborhoods, on the hillside just north of El Centro.
Its steep streets reward you with sweeping bay views.
Authentic neighborhood life — street markets, taco stands, and lifelong neighbors.
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The median asking price in 5 de Diciembre is $9.7M MXN (≈ US$551,537), about $4,879/m². Homes sit ~414 days on market. 10% offer financing.
5 de Diciembre, Puerto Vallarta, is one of the most sought-after areas to buy real estate in the Puerto Vallarta & Riviera Nayarit market. Right now there are 135 condos for sale, from $2.19M to $25.5M MXN (median $9.7M), 1–4 bedrooms and 24–384 m². Leading developments include MDY Vallarta, V Boulevard, The Colonial, The Ava. Prices and inventory update daily from the Vallarta-Nayarit MLS.

More daily services within walking distance means steadier demand, easier rentals, and stronger long-term appreciation.
Source: INEGI · DENUE (official business census), Mayo 2026 · 2 km radius — a reference, not a guarantee.
A home here is worth +11.2% more than a year ago — and it climbs faster than everyday prices. It even beats a mortgage, which costs about 10.3% a year: the bricks work harder than the debt.
This is the state average (Q1 2026) — each property and area moves differently, and it's value on paper until you sell. Sources: SHF House Price Index · Banxico — a reference, not a guarantee.


















