Property Prices in Morelia, Mexico

Index Info
Price to Income Ratio: 9.42
Mortgage as Percentage of Income: 121.83%
Loan Affordability Index: 0.82
Price to Rent Ratio - City Centre: 9.30
Price to Rent Ratio - Outside of Centre: 17.16
Gross Rental Yield (City Centre): 10.75%
Gross Rental Yield (Outside of Centre): 5.83%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 5,000.00 MXN 5,000.00-5,000.00
Apartment (1 bedroom) Outside of Centre 2,500.00 MXN 1,500.00-8,000.00
Apartment (3 bedrooms) in City Centre 14,625.00 MXN 8,500.00-30,000.00
Apartment (3 bedrooms) Outside of Centre 9,453.33 MXN 6,000.00-20,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 1,207.73 MXN
Price per Square Feet to Buy Apartment Outside of Centre 1,300.63 MXN 1,114.83-1,486.44
Salaries And Financing
Average Monthly Net Salary (After Tax) 7,166.67 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.67 11.50-12.00

These data are based on 32 entries in the past 18 months from 9 different contributors.
Last update: July 2023

Sources and References
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