Property Prices in Torreon, Mexico

Index Info
Price to Income Ratio: 7.29
Mortgage as Percentage of Income: 89.90%
Loan Affordability Index: 1.11
Price to Rent Ratio - City Centre: 17.93
Price to Rent Ratio - Outside of Centre: 21.81
Gross Rental Yield (City Centre): 5.58%
Gross Rental Yield (Outside of Centre): 4.58%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 4,916.67 MXN 3,500.00-6,000.00
Apartment (1 bedroom) Outside of Centre 3,071.43 MXN 2,500.00-4,000.00
Apartment (3 bedrooms) in City Centre 10,142.86 MXN 7,500.00-14,000.00
Apartment (3 bedrooms) Outside of Centre 6,333.33 MXN 5,000.00-7,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,904.50 MXN 1,114.83-3,344.48
Price per Square Feet to Buy Apartment Outside of Centre 1,446.95 MXN 771.09-3,158.68
Salaries And Financing
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Average Monthly Net Salary (After Tax) 12,375.00 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.94 10.00-11.50

These data are based on 59 entries in the past 18 months from 10 different contributors.
Last update: September 2023

Sources and References
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