Property Prices in San Miguel de Allende, Mexico

Index Info
Price to Income Ratio: 11.16
Mortgage as Percentage of Income: 149.01%
Loan Affordability Index: 0.67
Price to Rent Ratio - City Centre: 7.30
Price to Rent Ratio - Outside of Centre: 6.42
Gross Rental Yield (City Centre): 13.70%
Gross Rental Yield (Outside of Centre): 15.57%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 19,000.00 MXN 15,000.00-30,000.00
Apartment (1 bedroom) Outside of Centre 13,040.00 MXN 10,200.00-20,000.00
Apartment (3 bedrooms) in City Centre 39,333.33 MXN 25,000.00-60,000.00
Apartment (3 bedrooms) Outside of Centre 23,537.35 MXN 18,000.00-36,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,999.98 MXN
Price per Square Feet to Buy Apartment Outside of Centre 1,699.99 MXN
Salaries And Financing
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Average Monthly Net Salary (After Tax) 11,333.33 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.17 11.50-13.00

These data are based on 41 entries in the past 18 months from 9 different contributors.
Last update: November 2024

Sources and References
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1 Comments so far
Sue Beere on Sep 16, 2020:
What are the current prices per sq. meter of lots in and near the Centro of San Miguel. Are lists of recent sales available?