Property Prices in Cancun, Mexico

Index Info
Price to Income Ratio: 8.87
Mortgage as Percentage of Income: 112.80%
Loan Affordability Index: 0.89
Price to Rent Ratio - City Centre: 8.16
Price to Rent Ratio - Outside of Centre: 13.90
Gross Rental Yield (City Centre): 12.26%
Gross Rental Yield (Outside of Centre): 7.19%
Rent Per Month
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Apartment (1 bedroom) in City Centre 12,674.04 MXN 7,000.00-25,000.00
Apartment (1 bedroom) Outside of Centre 8,428.57 MXN 5,000.00-15,000.00
Apartment (3 bedrooms) in City Centre 21,573.75 MXN 15,000.00-28,000.00
Apartment (3 bedrooms) Outside of Centre 16,625.00 MXN 12,000.00-20,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,043.85 MXN 1,858.05-2,229.65
Price per Square Feet to Buy Apartment Outside of Centre 2,477.39 MXN 1,858.05-3,716.09
Salaries And Financing
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Average Monthly Net Salary (After Tax) 13,714.29 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.40 10.00-11.50

These data are based on 70 entries in the past 18 months from 13 different contributors.
Last update: May 2024

Sources and References
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