Property Prices in Cancun, Mexico

Index Info
Price to Income Ratio: 8.84
Mortgage as Percentage of Income: 115.72%
Loan Affordability Index: 0.86
Price to Rent Ratio - City Centre: 10.94
Price to Rent Ratio - Outside of Centre: 12.37
Gross Rental Yield (City Centre): 9.14%
Gross Rental Yield (Outside of Centre): 8.09%
Rent Per Month
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Apartment (1 bedroom) in City Centre 8,033.33 MXN 6,000.00-14,000.00
Apartment (1 bedroom) Outside of Centre 5,406.25 MXN 3,500.00-10,000.00
Apartment (3 bedrooms) in City Centre 15,804.87 MXN 10,000.00-24,000.00
Apartment (3 bedrooms) Outside of Centre 12,066.67 MXN 8,000.00-19,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,855.74 MXN 1,393.53-2,508.36
Price per Square Feet to Buy Apartment Outside of Centre 1,501.54 MXN 1,114.83-2,043.85
Salaries And Financing
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Average Monthly Net Salary (After Tax) 10,222.22 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.86 9.00-14.00

These data are based on 133 entries in the past 18 months from 23 different contributors.
Last update: March 2021

Sources and References
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