Property Prices in Cuernavaca, Mexico

Index Info
Price to Income Ratio: 2.45
Mortgage as Percentage of Income: 35.17%
Loan Affordability Index: 2.84
Price to Rent Ratio - City Centre: 3.27
Price to Rent Ratio - Outside of Centre: 4.65
Gross Rental Yield (City Centre): 30.57%
Gross Rental Yield (Outside of Centre): 21.50%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 7,116.67 MXN 4,000.00-12,350.00
Apartment (1 bedroom) Outside of Centre 4,500.00 MXN 3,000.00-6,000.00
Apartment (3 bedrooms) in City Centre 17,966.67 MXN 11,000.00-30,400.00
Apartment (3 bedrooms) Outside of Centre 12,833.33 MXN 8,500.00-15,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 557.41 MXN
Price per Square Feet to Buy Apartment Outside of Centre 535.80 MXN 371.61-699.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 12,000.00 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 13.33 11.50-17.00

These data are based on 20 entries in the past 18 months from 4 different contributors.
Last update: October 2024

Sources and References
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