Property Prices in Merida, Mexico

Index Info
Price to Income Ratio: 10.78
Mortgage as Percentage of Income: 141.48%
Loan Affordability Index: 0.71
Price to Rent Ratio - City Centre: 10.90
Price to Rent Ratio - Outside of Centre: 20.68
Gross Rental Yield (City Centre): 9.18%
Gross Rental Yield (Outside of Centre): 4.84%
Rent Per Month
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Apartment (1 bedroom) in City Centre 8,044.66 MXN 5,000.00-14,500.00
Apartment (1 bedroom) Outside of Centre 5,576.92 MXN 2,500.00-10,000.00
Apartment (3 bedrooms) in City Centre 14,604.49 MXN 6,000.00-20,335.90
Apartment (3 bedrooms) Outside of Centre 12,515.90 MXN 7,500.00-20,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,783.72 MXN 1,207.73-2,322.56
Price per Square Feet to Buy Apartment Outside of Centre 2,597.44 MXN 1,525.18-3,050.36
Salaries And Financing
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Average Monthly Net Salary (After Tax) 10,940.62 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.90 6.00-16.00

These data are based on 83 entries in the past 18 months from 18 different contributors.
Last update: July 2022

Sources and References
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3 Comments so far
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?