Property Prices in Tijuana, Mexico

Index Info
Price to Income Ratio: 5.51
Mortgage as Percentage of Income: 74.46%
Loan Affordability Index: 1.34
Price to Rent Ratio - City Centre: 8.51
Price to Rent Ratio - Outside of Centre: 5.95
Gross Rental Yield (City Centre): 11.75%
Gross Rental Yield (Outside of Centre): 16.81%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 8,009.91 MXN 5,000.00-12,000.00
Apartment (1 bedroom) Outside of Centre 5,804.40 MXN 3,101.18-10,337.27
Apartment (3 bedrooms) in City Centre 20,071.40 MXN 12,404.73-24,809.46
Apartment (3 bedrooms) Outside of Centre 16,502.96 MXN 12,404.73-20,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,625.79 MXN 929.02-2,322.56
Price per Square Feet to Buy Apartment Outside of Centre 882.57 MXN 371.61-1,393.53
Salaries And Financing
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Average Monthly Net Salary (After Tax) 12,250.00 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.36 9.00-15.00

These data are based on 65 entries in the past 18 months from 13 different contributors.
Last update: June 2021

Sources and References
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1 Comments so far
Donna Powers on Dec 28, 2020:
HI. I'm from LA and have 1 son there. 100% health coverage through my union. Retired. Married to a Mexican man. We are looking for a home, not a rental income property. Trying to decide if, looking purely in terms of investment, which is the better choice. We've narrowed it down to two.

1). Puerto Vallarta. Colonia Versailles.

130- 140,000 USD. Condo. 725 sq. ft. Full cash purchase. I bedroom 1 bath. New, 2020. Located in the PV neighborhood of Versailles, that's Centro but not the heart of clogged centro, moving north to where it's very livable as a home not for a vacation. Extremely safe and tranquil. No ocean view but a pretty city and mountain vista. Quickly gentrificating neighborhood. Authentic and also sits inland a few blocks from the Hotel District from First Class La Isla Shopping Mall, Fiesta Inn, Secrets, Sheraton. Great walking. Wide recently renovated boardwalks. Public tennis and golf available but nothing super nice. Renowned night life. Every water sport in the world. Dining, fine or inexpensive: excellent. I think it's a two hour flight from L.A. Very nice architecture design with high quality finishing detail. Obviously Vallarta is a seasonal place for most foreigners. Very hot half the year.

OR

2.) Baja California. Specifically, a very special Golf Community called Bajamar. Bajamar is 25 minutes from Ensenada, 1 hour from San Diego.

242,000 USD Owner financing over 3 years. 3 bedrooms 2 baths. 1620 sq.ft. Huge balcony with Full ocean view. Outside architecture neutral. Interior layout very nice and first class finishing materials and details. World Class 27 Hole Golf, Tennis, pool, clubhouse, restaurant and bar.

It's a bit isolated, as you know, Baja is rather isolate, or rather "not over built". The community is not full, mostly second homes, very little renting or Airbnb usage by owners. Tranquil. No night life. Close to Guadalupe Valley Wine Region with typical wine region offerings, tastings, fine dining. Can not swim in the water, cold, dangerous undertow, but it does get warm enough in summer to hang on the beach. It is easily a year round home with weather identical to San Diego.

I've lived in both areas and love them both. But I am the type who always has an eye on making a profit and if I want to know (as much as is possible) need to unload something, how hard would it be? I'm not sentimental about houses, I've owned far to many. I'm 60.