Property Prices in Cancun, Mexico

Index Info
Price to Income Ratio: 9.12
Mortgage as Percentage of Income: 116.06%
Loan Affordability Index: 0.86
Price to Rent Ratio - City Centre: 7.98
Price to Rent Ratio - Outside of Centre: 14.35
Gross Rental Yield (City Centre): 12.53%
Gross Rental Yield (Outside of Centre): 6.97%
Rent Per Month
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Apartment (1 bedroom) in City Centre 14,041.42 MXN 7,000.00-25,000.00
Apartment (1 bedroom) Outside of Centre 9,000.00 MXN 3,000.00-17,000.00
Apartment (3 bedrooms) in City Centre 21,939.72 MXN 15,000.00-32,000.00
Apartment (3 bedrooms) Outside of Centre 17,111.11 MXN 12,000.00-25,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,136.75 MXN 2,043.85-2,229.65
Price per Square Feet to Buy Apartment Outside of Centre 2,683.82 MXN 1,858.05-3,716.09
Salaries And Financing
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Average Monthly Net Salary (After Tax) 14,226.33 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.42 10.00-11.50

These data are based on 78 entries in the past 18 months from 15 different contributors.
Last update: September 2024

Sources and References
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