Property Prices in Monterrey, Mexico

Index Info
Price to Income Ratio: 14.09
Mortgage as Percentage of Income: 173.13%
Loan Affordability Index: 0.58
Price to Rent Ratio - City Centre: 17.39
Price to Rent Ratio - Outside of Centre: 19.11
Gross Rental Yield (City Centre): 5.75%
Gross Rental Yield (Outside of Centre): 5.23%
Rent Per Month
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Apartment (1 bedroom) in City Centre 8,625.00 MXN 7,000.00-15,000.00
Apartment (1 bedroom) Outside of Centre 6,041.67 MXN 4,000.00-10,000.00
Apartment (3 bedrooms) in City Centre 19,230.77 MXN 12,000.00-25,000.00
Apartment (3 bedrooms) Outside of Centre 15,333.33 MXN 9,000.00-40,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 3,367.71 MXN 2,508.36-5,574.14
Price per Square Feet to Buy Apartment Outside of Centre 2,771.58 MXN 2,043.85-3,251.58
Salaries And Financing
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Average Monthly Net Salary (After Tax) 11,722.22 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.88 9.45-14.22

These data are based on 110 entries in the past 18 months from 19 different contributors.
Last update: July 2021

Sources and References
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