Property Prices in Cancun, Mexico

Index Info
Price to Income Ratio: 7.71
Mortgage as Percentage of Income: 92.92%
Loan Affordability Index: 1.08
Price to Rent Ratio - City Centre: 9.16
Price to Rent Ratio - Outside of Centre: 12.27
Gross Rental Yield (City Centre): 10.92%
Gross Rental Yield (Outside of Centre): 8.15%
Rent Per Month
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Apartment (1 bedroom) in City Centre 10,142.86 MXN 5,000.00-15,000.00
Apartment (1 bedroom) Outside of Centre 6,500.00 MXN 4,000.00-10,000.00
Apartment (3 bedrooms) in City Centre 18,104.12 MXN 10,000.00-25,000.00
Apartment (3 bedrooms) Outside of Centre 13,600.00 MXN 8,000.00-25,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,875.79 MXN 999.99-2,787.07
Price per Square Feet to Buy Apartment Outside of Centre 1,734.18 MXN 1,300.63-2,043.85
Salaries And Financing
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Average Monthly Net Salary (After Tax) 12,592.17 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.58 8.00-13.00

These data are based on 81 entries in the past 18 months from 16 different contributors.
Last update: August 2022

Sources and References
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