Mexico City, Mexico
Property prices · 2024 · Americas
Property price trend in Mexico City (2024–2026)
Property comparison — cities in Mexico (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Mexico City |
|---|---|---|---|---|
| Mexico City | MXN 52,000 | MXN 32,000 | MXN 15,000 | — |
| Monterrey | MXN 42,000 | MXN 28,000 | MXN 10,500 | -19.2% |
| Guadalajara | MXN 36,000 | MXN 24,000 | MXN 9,500 | -30.8% |
| Cancun | MXN 32,000 | MXN 21,000 | MXN 8,500 | -38.5% |
Other Americas cities (2024)
Frequently asked questions
How much does property cost in Mexico City in 2024?
In Mexico City, the average price per sqm in the city centre is MXN 52,000, and MXN 32,000 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Mexico City in 2024?
A 1-bedroom apartment in Mexico City rents for approximately MXN 15,000 per month in 2024. A 3-bedroom apartment costs around MXN 28,000/month.
Is it better to buy or rent in Mexico City?
Buying and renting are roughly comparable in Mexico City. The price-to-rent ratio is 16.0x — it would take approximately 16.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 11.50%.
What are mortgage rates in Mexico in 2024?
The average mortgage rate in Mexico is approximately 11.50% as of 2024. With a price-to-rent ratio of 16.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Mexico City?
The average property price per square metre in Mexico City city centre is MXN 52,000 in 2024. Outside the centre, expect to pay around MXN 32,000/sqm.