Property Prices in Merida, Mexico

Index Info
Price to Income Ratio: 10.26
Mortgage as Percentage of Income: 132.86%
Loan Affordability Index: 0.75
Price to Rent Ratio - City Centre: 8.76
Price to Rent Ratio - Outside of Centre: 13.30
Gross Rental Yield (City Centre): 11.41%
Gross Rental Yield (Outside of Centre): 7.52%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 11,500.00 MXN 7,000.00-15,000.00
Apartment (1 bedroom) Outside of Centre 8,823.31 MXN 6,000.00-13,665.26
Apartment (3 bedrooms) in City Centre 21,285.71 MXN 15,000.00-30,000.00
Apartment (3 bedrooms) Outside of Centre 13,666.34 MXN 9,000.00-17,081.58
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 2,068.62 MXN 836.12-3,623.19
Price per Square Feet to Buy Apartment Outside of Centre 2,230.09 MXN 975.47-4,273.50
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 11,277.78 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.69 10.00-13.00

These data are based on 83 entries in the past 18 months from 16 different contributors.
Last update: February 2024

Sources and References
Sign Up for Our Newsletter:
Your Email Address:
Nearby cities:
Leave a comment:

Your name: Sign In

Your email address (optional):

Your comment (no HTML):

4 Comments so far
Charlie Cummins on Oct 03, 2023:
I want to move to Merida and open up a brick block Stone training center. I will be bringing people in from the USA and Canada and training them for 4 to 6 weeks. I will also train people in Mexico or anywhere in the world and be able to get them a work permit Visa and a job anywhere in the USA please email me for more information. Thank you
CARMELITA on Oct 20, 2021:
Wonderful..as an African American I cannot wait to leave for Meridia!
Al on Sep 02, 2021:
You wont have any problem finding any type of housing at any price. Their are plenty of choices for every budget in many wonderful areas.
Holli Muenscher on Feb 11, 2021:
Hello, I first want to say how much I like this site it’s extremely helpful in finding a home for retirement. The only thing I couldn’t find and needed and would be appreciated is the average availability in finding a place to live. How hard is it to find a place to buy or an apartments to rent. If I do decide to go down to Merida to find place to live how hard will it be to find something to rent or buy?