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 December, 2024
Argentina, Buenos Aires | 22 yrs |
Santiago | 21 yrs |
Brazil, Sao Paolo | 18 yrs |
Mexico, Mexico City | 18 yrs |
Peru, Lima | 17 yrs |
Panama, Panama City | 16 yrs |
Uruguay, Montevideo | 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