Mexico House Prices, Rents & Rental Yields (2026)
How much property costs in Mexico, what it rents for and how that compares with neighbouring markets in Latin America and the Caribbean. City-centre prices per m² rank 4 of 10 in this comparison; gross yields rank 2 of 10.
- Apartment price per m² (city centre)
- $1,852
- 2023
- Apartment price per m² (outside centre)
- $1,374
- 2023
- Gross rental yield (city centre)
- 7.7%
- 2024
- Price-to-income ratio
- 10.7
- 2024
- Rent: 1-bedroom, city centre
- $544/mo
- 2024
- Mortgage interest rate (20-year fixed)
- 11.4%
- 2023
Price and rent trends in Mexico
Latest property market indicators
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Apartment price per m² (city centre)Average asking price per square metre to buy an apartment in city centres | $1,852 | 2023 | +5.5% vs 2022 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $1,374 | 2023 | +21.4% vs 2022 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 10.7 | 2024 | +27.4% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 7.7% | 2024 | -0.1 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 13 | 2024 | +2.4% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $544/mo | 2024 | -17.9% vs 2023 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $432/mo | 2023 | +15.6% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $1,261/mo | 2023 | +18.6% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $852/mo | 2023 | +22.4% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 11.4% | 2023 | +0.6 pp vs 2022 | Numbeo |
Year-by-year data
| Year | Apartment price per m² (city centre) | Apartment price per m² (outside centre) | Price-to-income ratio | Gross rental yield (city centre) | Price-to-rent ratio (city centre) | Rent: 1-bedroom, city centre | Rent: 1-bedroom, outside centre | Rent: 3-bedroom, city centre | Rent: 3-bedroom, outside centre | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | — | — | 10.7 | 7.7% | 13 | $544/mo | — | — | — | — |
| 2023 | $1,852 | $1,374 | 8.4 | 7.8% | 12.7 | $663/mo | $432/mo | $1,261/mo | $852/mo | 11.4% |
| 2022 | $1,756 | $1,132 | 8.7 | 7.7% | 13 | $550/mo | $373/mo | $1,063/mo | $696/mo | 10.8% |
| 2021 | $1,079 | $790 | 10.5 | 6.4% | 15.7 | $397/mo | $260/mo | $787/mo | $561/mo | 10.8% |
| 2020 | $1,351 | $829 | 10.7 | 5.9% | 17 | $409/mo | $245/mo | $768/mo | $516/mo | 11.1% |
| 2019 | $1,749 | $1,163 | 10.2 | 5.7% | 17.6 | $397/mo | $250/mo | $828/mo | $540/mo | 11.2% |
| 2018 | $1,515 | $893 | 7.8 | 6.5% | 15.4 | $362/mo | $234/mo | $739/mo | $497/mo | 11.1% |
| 2017 | $1,265 | $867 | 6.9 | 6.9% | 14.6 | $343/mo | $228/mo | $686/mo | $471/mo | 11.4% |
Mexico compared with Latin America and the Caribbean
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| Mexico | $1,852 | 7.7% | 10.7 | 11.4% |
| Argentina | $2,312 | 3.0% | 21.1 | 98.0% |
| Bolivia | $1,120 | 5.7% | 12.8 | 7.7% |
| Brazil | $1,778 | 4.5% | 16.5 | 10.8% |
| Chile | $2,813 | 4.3% | 17.5 | 5.3% |
| Colombia | $1,241 | 4.8% | 18.7 | 14.7% |
| Costa Rica | $1,659 | 7.0% | 9.4 | — |
| Dominican Republic | $1,450 | 7.4% | 15.5 | 14.2% |
| Ecuador | $1,214 | 6.1% | 11.3 | 10.9% |
| Panama | $2,519 | 8.7% | 11.1 | 6.3% |
Related
- Properties for sale in Mexico (16)
- Mortgages in Mexico for foreigners
- Mexico market overview
- Tax rates in Mexico
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.