Los Cabos real estate market — prices, rental yield and trend

• Average price: $3,829 / m²
• Gross rental yield: 7.42%
• Net rental yield: 5.57%
• Transaction cost: 10.3%
• Price basis: local-market average

Residential property in Los Cabos averages $3,829 per square metre. That makes it the 116th most expensive of the 264 markets in the set.

What a buyer pays in Los Cabos

The $3,829 figure is a local-market average across all residential property types: a flat in a prime district sits well above it, an older unit on the edge of the market well below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 10.3% of the price here. On a 100 m² apartment at the average price that is roughly $39,441 on top of the $382,920 purchase price. That is close to the 9.6% median across the set. Against the Mexico national average of $2,503, Los Cabos carries a 53% premium — the gap between this market and the country as a whole. Among the other Mexico markets we track, Guadalajara at $3,173 is 20.7% cheaper, and Mexico City at $3,004 is 27.5% cheaper.

What it earns

A square metre lets for about $23.7 a month. Against a purchase price of $3,829 per square metre that is 7.4% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 38th of 311 markets by gross yield. Rental income is taxed at 25%, which takes the yield down to 5.6% net. The 1.9-point difference between the gross and net figure is the part most listing sites leave out.

How the tax works. Flat 25% on the gross rent 'without any deduction' (LISR art. 158), withheld by the payer and final (art. 153), with no bracket or allowance, so the rate is independent of the rent level. The 35% net-basis option in art. 159 concerns timeshares, not ordinary letting, and the net election in the US–Mexico treaty is available only to US residents. Unfurnished residential letting is VAT-exempt (LIVA art. 20 II); furnished or short-term letting adds 16% VAT. Source: LISR.

Who can buy in Los Cabos

Fideicomiso trust in the coastal and border strip; freehold elsewhere. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for Los Cabos is built from asking prices from listings. It was last refreshed on 2026-10-17. We rate our confidence in this market’s data low — treat the figures as indicative and check them before acting. We recompute every market the same way, which is what lets Los Cabos be compared with a country average or another city.

Sources: Numbeo city page · numbeo.com · api.frankfurter.dev. Snapshot: 2026-10-17.