Property Prices in Merida, Mexico

Index Info
Price to Income Ratio: 17.24
Mortgage as Percentage of Income: 295.64%
Loan Affordability Index: 0.34
Price to Rent Ratio - City Centre: 16.29
Price to Rent Ratio - Outside of Centre: 28.10
Gross Rental Yield (City Centre): 6.14%
Gross Rental Yield (Outside of Centre): 3.56%
Rent Per Month
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Apartment (1 bedroom) in City Centre 7,571.43 MXN 4,000.00-15,000.00
Apartment (1 bedroom) Outside of Centre 3,909.09 MXN 2,000.00-5,500.00
Apartment (3 bedrooms) in City Centre 13,155.36 MXN 6,000.00-26,600.00
Apartment (3 bedrooms) Outside of Centre 8,478.81 MXN 5,600.00-16,194.28
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,461.06 MXN 1,227.24-3,036.40
Price per Square Feet to Buy Apartment Outside of Centre 2,432.14 MXN 929.02-3,036.40
Salaries And Financing
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Average Monthly Net Salary (After Tax) 7,637.14 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 16.50 12.00-20.00

These data are based on 89 entries in the past 18 months from 17 different contributors.
Last update: April 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?