Monterrey, Mexico
Property prices · 2024 · Americas
Property price trend in Monterrey (2024–2026)
Property comparison — cities in Mexico (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Monterrey |
|---|---|---|---|---|
| Monterrey | MXN 42,000 | MXN 28,000 | MXN 10,500 | — |
| Mexico City | MXN 52,000 | MXN 32,000 | MXN 15,000 | +23.8% |
| Guadalajara | MXN 36,000 | MXN 24,000 | MXN 9,500 | -14.3% |
| Cancun | MXN 32,000 | MXN 21,000 | MXN 8,500 | -23.8% |
Other Americas cities (2024)
Frequently asked questions
How much does property cost in Monterrey in 2024?
In Monterrey, the average price per sqm in the city centre is MXN 42,000, and MXN 28,000 outside the centre (2024 data). Prices have risen 9.8% since 2024.
How much is rent in Monterrey in 2024?
A 1-bedroom apartment in Monterrey rents for approximately MXN 10,500 per month in 2024. A 3-bedroom apartment costs around MXN 17,000/month.
Is it better to buy or rent in Monterrey?
Buying and renting are roughly comparable in Monterrey. The price-to-rent ratio is 19.0x — it would take approximately 19.0 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 19.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Monterrey?
The average property price per square metre in Monterrey city centre is MXN 42,000 in 2024. Outside the centre, expect to pay around MXN 28,000/sqm.