Property Prices in Merida, Mexico

Index Info
Price to Income Ratio: 24.66
Mortgage as Percentage of Income: 422.89%
Loan Affordability Index: 0.24
Price to Rent Ratio - City Centre: 15.36
Price to Rent Ratio - Outside of Centre: 31.40
Gross Rental Yield (City Centre): 6.51%
Gross Rental Yield (Outside of Centre): 3.18%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 9,736.31 MXN 5,000.00-15,945.24
Apartment (1 bedroom) Outside of Centre 4,000.00 MXN 3,000.00-5,979.46
Apartment (3 bedrooms) in City Centre 16,982.89 MXN 5,000.00-27,904.16
Apartment (3 bedrooms) Outside of Centre 9,989.73 MXN 8,000.00-24,914.43
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,989.71 MXN 2,989.71-2,989.71
Price per Square Feet to Buy Apartment Outside of Centre 2,989.71 MXN 2,989.71-2,989.71
Salaries And Financing
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Average Monthly Net Salary (After Tax) 6,524.21 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 16.50 12.00-20.00

These data are based on 44 entries in the past 18 months from 7 different contributors.
Last update: July 2021

Sources and References
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1 Comments so far
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?