Property Prices in Queretaro, Mexico

Index Info
Price to Income Ratio: 5.57
Mortgage as Percentage of Income: 66.03%
Loan Affordability Index: 1.51
Price to Rent Ratio - City Centre: 8.44
Price to Rent Ratio - Outside of Centre: 12.05
Gross Rental Yield (City Centre): 11.85%
Gross Rental Yield (Outside of Centre): 8.30%
Rent Per Month
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Apartment (1 bedroom) in City Centre 6,277.78 MXN 4,500.00-8,000.00
Apartment (1 bedroom) Outside of Centre 3,625.00 MXN 3,000.00-5,000.00
Apartment (3 bedrooms) in City Centre 13,888.89 MXN 12,000.00-20,000.00
Apartment (3 bedrooms) Outside of Centre 9,900.00 MXN 7,000.00-15,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,184.50 MXN 836.12-1,579.34
Price per Square Feet to Buy Apartment Outside of Centre 1,091.42 MXN 929.02-1,277.41
Salaries And Financing
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Average Monthly Net Salary (After Tax) 11,000.00 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.35 9.50-12.00

These data are based on 97 entries in the past 18 months from 19 different contributors.
Last update: April 2021

Sources and References
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