Property Prices in Morelia, Mexico

Index Info
Price to Income Ratio: 8.57
Mortgage as Percentage of Income: 102.92%
Loan Affordability Index: 0.97
Price to Rent Ratio - City Centre: 16.58
Price to Rent Ratio - Outside of Centre: 7.63
Gross Rental Yield (City Centre): 6.03%
Gross Rental Yield (Outside of Centre): 13.10%

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Rent Per Month
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1 Bedroom Apartment in City Centre Mex$6,333.33 5,000.00-8,000.00
1 Bedroom Apartment Outside of City Centre Mex$6,333.33 4,000.00-10,000.00
3 Bedroom Apartment in City Centre Mex$19,245.53 12,000.00-25,000.00
3 Bedroom Apartment Outside of City Centre Mex$14,888.11 9,000.00-20,000.00
Buy Apartment Price
Edit
Price per Square Meter to Buy Apartment in City Centre Mex$30,000.00
Price per Square Meter to Buy Apartment Outside of Centre Mex$12,000.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) Mex$12,250.00
Annual Mortgage Interest Rate (20-Year Fixed, in %) 10.53 10.00-11.60

These data are based on 25 entries from 5 contributors over the past 18 months.
Last update: 4 May 2026

Sources and References
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