Property Prices in Mexico

Index Info
Price to Income Ratio: 10.68
Mortgage as Percentage of Income: 136.10%
Loan Affordability Index: 0.73
Price to Rent Ratio - City Centre: 12.82
Price to Rent Ratio - Outside of Centre: 12.50
Gross Rental Yield (City Centre): 7.80%
Gross Rental Yield (Outside of Centre): 8.00%
Rent Per Month
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Apartment (1 bedroom) in City Centre 11,922.20 MXN 6,000.00-20,000.00
Apartment (1 bedroom) Outside of Centre 8,075.50 MXN 4,000.00-15,000.00
Apartment (3 bedrooms) in City Centre 22,696.35 MXN 12,000.00-45,000.00
Apartment (3 bedrooms) Outside of Centre 15,398.71 MXN 8,000.00-29,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 3,177.82 MXN 1,114.83-5,899.95
Price per Square Feet to Buy Apartment Outside of Centre 2,100.61 MXN 975.47-4,273.50
Salaries And Financing
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Average Monthly Net Salary (After Tax) 13,299.04 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.43 10.00-13.00

These data are based on 2320 entries in the past 18 months from 383 different contributors.
Last update: June 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References

By City in Mexico

Rank
City
Price To Income Ratio
Gross Rental Yield City Centre
Gross Rental Yield Outside of Centre
Price To Rent Ratio City Centre
Price To Rent Ratio Outside Of City Centre
Mortgage As A Percentage Of Income
Affordability Index
Cancun 9.2 11.9 7.2 8.4 13.9 115.8 0.9
Guadalajara 14.4 5.2 5.7 19.4 17.5 182.0 0.5
Merida 10.7 11.5 7.3 8.7 13.7 138.6 0.7
Mexico City 16.5 8.0 6.6 12.6 15.0 205.3 0.5
Monterrey 8.4 8.1 10.4 12.3 9.6 108.1 0.9
Playa del Carmen 14.9 7.5 5.9 13.4 17.0 190.7 0.5
Puebla 3.4 17.3 22.1 5.8 4.5 42.3 2.4
Puerto Vallarta 10.1 7.9 8.3 12.7 12.0 132.0 0.8
Queretaro (Santiago de Querétaro) 6.9 8.0 8.8 12.5 11.4 87.7 1.1
San Miguel de Allende 8.6 22.9 16.8 4.4 5.9 115.0 0.9
Tijuana 13.2 5.2 6.0 19.1 16.6 171.1 0.6
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