Price/Rent Ratio in Mexico compared to Latin America
This price-to-rent ratio helps assess whether it is more cost-effective to buy or rent a home in a given market. A high price-to-rent ratio suggests that buying a property is more expensive relative to renting, whereas a low ratio indicates that buying may be more favorable than renting.
- Price-to-Rent Ratio below 16: It's generally cheaper to buy a home than to rent.
- Price-to-Rent Ratio between 17 and 20: The cost of buying and renting is roughly comparable.
- Price-to-Rent Ratio above 21: It's generally cheaper to rent than to buy.
Last updated June, 2024
| Argentina, Buenos Aires |
22 yrs
|
| Chile, Santiago |
21 yrs
|
| Uruguay, Montevideo |
19 yrs
|
| Brazil, Sao Paolo |
18 yrs
|
| Mexico, Mexico City |
18 yrs
|
| Peru, Lima |
17 yrs
|
| Panama, Panama City |
16 yrs
|
| Jamaica, Kingston |
15 yrs
|
| Dominican Republic, San Juan |
15 yrs
|
| Puerto Rico, San Juan |
14 yrs
|
| Colombia, Medellin |
14 yrs
|
| Costa Rica, San Jose |
14 yrs
|
Mexico real estate data, including prices, rents, and sizes in square meters, has been compiled and analyzed from these sources:
- Gobierno de Mexico
- Inmuebles24
- Sociedad Hipotecaria Federal