Mexico · North America · Population: 9,200,000
Mexico City is moderately affordable compared to major global cities, with rapidly rising prices driven by strong demand. The city has affordable rents compared to global standards. At $180,000 average home price in Mexico, buyers should consider the 7.5x price-to-income ratio when planning a purchase.
| Average Home Price | $180,000 |
| Price per sqm | $2,800 |
| Price-to-Income Ratio | 7.5x |
| Mortgage Rate | 10.5% |
| 1-Year Price Change | +5.2% |
| 1-Bedroom Apartment | $800/mo |
| 3-Bedroom Apartment | $1,400/mo |
| Rent-to-Income Ratio | 28% |
| Median Household Income | $24,000/year |
| Years to Buy (at median income) | 7.5 years |
| Local Currency | MXN |
With a price-to-income ratio of 7.5x, Mexico City offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 5.2% in the past year.
Cities worldwide with home prices closest to Mexico City
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