Mexico real estate market — prices, rental yield and trend
- Average price: $2,959 / m²
- Gross rental yield: 5.79%
- 12-month price change (USD): 16.2%
- Transaction cost: 10.3%
- Price basis: capital average
Mexico is one of the faster-moving markets Glopra tracks: the average residential square metre now costs $2,959, +16.2% in dollar terms over the last twelve months. That makes it the 37th most expensive of the 70 markets in the set. In local currency the same twelve months read +8.7%; the 7.5-point gap is the exchange rate, not the housing market.
What a buyer pays in Mexico
The $2,959 figure is an average for the capital: it describes the capital's market, not the country as a whole — most of the country trades well below it. 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 $30,478 on top of the $295,900 purchase price. That is close to the 9.5% median across the set. Inside Mexico we track 2 local markets separately: Mexico City at $3,239 (9.5% above the national figure) down to Tulum at $3,200.
What it earns
Long-term letting returns about 5.8% gross on the purchase price, 31st of 69 markets by gross yield. Measured against local earnings, the price-to-income ratio is 13.3 — that is how many years of an average local income one average home costs, and it says more about who can buy here than any price figure does.
How this figure is built
The price figure for Mexico comes from the source we judge most reliable for this market. It was last refreshed on 2026-07-23. We rate our confidence in this market’s data high: the underlying series is official and current. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.
Sources: Mudafy CDMX · mudafy.com.mx · ampilapaz.org · globalpropertyguide.com. Snapshot: 2026-07-23.
Latest Mexico market analysis
- Mexican Home Prices Rose 7.3% in Q2 While Banxico Held Rates at 6.50% — 2026-08-11
- Mexico Property Taxes and Buying Costs: What a Foreign Owner Actually Pays (2026) — 2026-08-03
- Mexico Property Market 2026: Prices, Yields and the Restricted Zone — 2026-07-03
- Foreign Property Ownership in Mexico: The Restricted Zone, the Fideicomiso and the Buying Process — 2026-07-03
- Mexico's Property Market in 2026: Prices, Yields and Honest Risks — 2026-07-03
Related markets: Mexico City · Tulum