Statistics About The Average House In Mexico

In this post, we will explore various statistics related to the housing market in Mexico. From average home prices and sizes to ownership rates and construction costs, these data points offer valuable insights into the housing landscape of the country. Whether you are considering buying property in Mexico or simply interested in real estate trends, these statistics paint a comprehensive picture of the housing market in this diverse and vibrant nation.

Statistic 1

"The housing price in Mexico has an average growth rate of 4.3% each year."

Statistic 2

"The average home size in Mexico is between 46 and 60 square meters for new properties."

Statistic 3

"Only about 40% of people in Mexico own a house without a mortgage."

Statistic 4

"The average monthly rent for a one-bedroom apartment in Mexico City like can cost between $500-$700 USD."

Statistic 5

"The average price per square meter in the Yucatan region is about $17,000 MXN in 2021."

Statistic 6

"The annual house price growth rate in Mexico for 2020 was -1.79%."

Statistic 7

"The Mexican state with the highest average house price is Baja California Sur, with an average of $4.5 million MXN."

Statistic 8

"About 13.8% of households in Mexico are overcrowded (less than one room per person)."

Statistic 9

"The average duration of buildings in Mexico are 36 years."

Statistic 10

"The average construction cost for a residential building in Mexico is about $387 USD per square meter."

Statistic 11

"Only 28% of the population in Mexico can afford to buy a house."

Statistic 12

"The average price of a house in Mexico City is above 2 million Mexican pesos."

Statistic 13

"Homes in Mexico have increased in size by 33% between 1980 and 2000."

Statistic 14

"The Mexican state of Morelos has the highest percentage of homes with internet access, at around 59.9%"

Statistic 15

"Only 50% of the urban population in Mexico lives in houses"

Statistic 16

"In Mexico, the number of vacant homes increased in 2020 to 5.4 million."

Statistic 17

"The majority of houses in Mexico, about 78%, are built with concrete or brick."

In conclusion, the housing market in Mexico presents a diverse landscape with notable trends and disparities. The average annual growth rate, varying house sizes, and ownership patterns reflect a dynamic market influenced by economic factors and regional variations. The affordability challenges highlighted by statistics on rent prices, overcrowding, and population’s house-buying potential underscore the need for targeted policy interventions. Additionally, the evolving nature of housing characteristics, such as age and internet access, provides insights into changing living standards and technological advancements shaping the real estate sector in Mexico.