Cancun, Mexico
Property prices · 2024 · Americas
Property price trend in Cancun (2024–2026)
Property comparison — cities in Mexico (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Cancun |
|---|---|---|---|---|
| Cancun | MXN 32,000 | MXN 21,000 | MXN 8,500 | — |
| Mexico City | MXN 52,000 | MXN 32,000 | MXN 15,000 | +62.5% |
| Monterrey | MXN 42,000 | MXN 28,000 | MXN 10,500 | +31.3% |
| Guadalajara | MXN 36,000 | MXN 24,000 | MXN 9,500 | +12.5% |
Other Americas cities (2024)
Frequently asked questions
How much does property cost in Cancun in 2024?
In Cancun, the average price per sqm in the city centre is MXN 32,000, and MXN 21,000 outside the centre (2024 data). Prices have risen 9.8% since 2024.
How much is rent in Cancun in 2024?
A 1-bedroom apartment in Cancun rents for approximately MXN 8,500 per month in 2024. A 3-bedroom apartment costs around MXN 14,000/month.
Is it better to buy or rent in Cancun?
Buying and renting are roughly comparable in Cancun. The price-to-rent ratio is 17.0x — it would take approximately 17.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 11.00%.
What are mortgage rates in Mexico in 2024?
The average mortgage rate in Mexico is approximately 11.00% as of 2024. With a price-to-rent ratio of 17.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Cancun?
The average property price per square metre in Cancun city centre is MXN 32,000 in 2024. Outside the centre, expect to pay around MXN 21,000/sqm.