Local production of construction materials is a valuable tool for improving the building sector sustainability. In this sense, the use of lignocellulosic fibers from local species becomes an interesting alternative to the development of such materials. As it is thought that the properties of fiber-based materials are dependent on the fibers properties, the knowledge of such properties is fundamental to promote materials development. This study compares the physical, morphological, acoustic, and mechanical characteristics of coir (Cocos nucifera) and fique (Furcraea Agavaceae) fibers and panels. The chemical composition appears to be associated with the general behavior of the fibers and panels, regarding higher tensile strength, thermal degradation behavior, and water absorption. In most tests, fique had the upper hand, showing superior performance; however, on thermal degradation and water absorption, both materials had similar behavior. The sound absorption measurement showed that the fiber diameter affects the sound absorption at high frequencies, where fique panels showed better performance than coir panels.