Property Prices in Morelia, Mexico

Index
Price to Income Ratio:	9.65
Mortgage as Percentage of Income:	131.50%
Loan Affordability Index:	0.76
Price to Rent Ratio - City Centre:	18.30
Price to Rent Ratio - Outside of Centre:	23.24
Gross Rental Yield (City Centre):	5.47%
Gross Rental Yield (Outside of Centre):	4.30%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	7,357.14 MXN	3,000.00-15,000.00
Apartment (1 bedroom) Outside of Centre	1,755.56 MXN	1,000.00-3,000.00
Apartment (3 bedrooms) in City Centre	6,611.11 MXN	5,000.00-8,500.00
Apartment (3 bedrooms) Outside of Centre	7,245.71 MXN	5,000.00-9,720.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	2,113.53 MXN	1,207.73-3,065.77
Price per Square Feet to Buy Apartment Outside of Centre	1,308.06 MXN	836.12-2,322.56
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	9,546.38 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	12.50	10.00-15.00

These data are based on 75 entries in the past 18 months from 14 different contributors.
Last update: February 2021

Sources and References

Nearby cities:

Property Prices in Uruapan Del Progreso	78.43 miles
Property Prices in Irapuato	87.79 miles
Property Prices in Celaya	90.43 miles
Property Prices in San Miguel de Allende	117.70 miles
Property Prices in Queretaro	118.76 miles
Property Prices in Toluca	145.66 miles
Property Prices in Naucalpan	183.28 miles
Property Prices in Ajijic	184.72 miles
Property Prices in Mexico City	185.69 miles
Property Prices in Ecatepec	188.41 miles

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country data (source The World Bank, 2019)
GDP Per Capita ($) :	19,900.00
GDP Growth Rate:	2.00%
Population Growth Rate:	1.12%