Property Prices in Monterrey, Mexico

Index Info
Price to Income Ratio: 9.76
Mortgage as Percentage of Income: 126.57%
Loan Affordability Index: 0.79
Price to Rent Ratio - City Centre: 11.55
Price to Rent Ratio - Outside of Centre: 11.73
Gross Rental Yield (City Centre): 8.66%
Gross Rental Yield (Outside of Centre): 8.53%
Rent Per Month
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Apartment (1 bedroom) in City Centre 18,250.00 MXN 10,000.00-25,000.00
Apartment (1 bedroom) Outside of Centre 12,115.38 MXN 7,500.00-20,000.00
Apartment (3 bedrooms) in City Centre 30,461.54 MXN 24,000.00-50,000.00
Apartment (3 bedrooms) Outside of Centre 21,500.00 MXN 15,000.00-40,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 4,134.15 MXN 3,251.58-5,574.14
Price per Square Feet to Buy Apartment Outside of Centre 2,861.15 MXN 1,419.99-4,180.60
Salaries And Financing
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Average Monthly Net Salary (After Tax) 19,289.75 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.71 9.00-15.00

These data are based on 137 entries in the past 18 months from 24 different contributors.
Last update: April 2024

Sources and References
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