Yes, the analysis of Cancún's property market is included in our pack
The question of 'the best neighborhood to buy a property in Cancún' does not have a one-size-fits-all answer.
Some of you are buying to live there, while others want to make the best investment possible. Individual preferences and circumstances matter.
That’s why the article below is covering every intent.
At TheLatinvestor, when we write a blog post or when we update our our property pack for Mexico, we want to bring solutions and cover different aims in a clear and organized way.
Enjoy the read, and please remember that we are not financial or investment experts. This article is for informational purposes only.
To improve the readability and user-friendliness of this article, we will categorize neighborhoods in Cancún into various groups, including budget-friendly options, emerging hotspots, and areas with high rental demand, among others. Consequently, some neighborhoods may appear in multiple categories and be mentioned several times throughout the article.
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How is the real estate market in Cancún?
The real estate market in Cancún is thriving, marked by a dynamic blend of local charm and international appeal.
One of the key strengths of Cancún that sets it apart is its unique natural beauty, specifically the stunning beaches with crystal-clear turquoise waters and white sand that you won't find just anywhere.
This natural allure is a significant draw for buyers, particularly those who cherish a connection with nature and a love for aquatic activities, making it a paradise unlike any other.
People are drawn to buy property in Cancún for several reasons.
It's not just the breathtaking scenery; the city also boasts a vibrant culture, rich history, and a bustling nightlife, blending relaxation with excitement.
This variety appeals to a diverse range of buyers, from retirees seeking a tranquil beach life to investors looking for lucrative rental opportunities in a tourist hotspot.
Foreign interest in Cancún's real estate is particularly high. Many foreigners, especially from North America and Europe, are attracted by the city's favorable climate, the relatively lower cost of living compared to their home countries, and the ease of travel back and forth. The welcoming attitude towards expats and the ease of adapting to local life add to its appeal.
The dynamism of Cancún's real estate market can be seen in its consistent growth. For example, property values have been steadily increasing, with some areas experiencing a significant appreciation in recent years. This trend indicates a healthy, growing market.
A unique and positive aspect of properties in Cancún is their integration with the natural environment. Many homes and developments are designed to blend seamlessly with the surrounding landscape, offering stunning views and an immersive tropical experience, something that is distinctly Cancunese.
Looking towards the future, properties in Cancún are poised to gain value due to several factors.
The continuous development of tourism infrastructure, increasing global recognition as a top travel destination, and ongoing investments in local amenities and services all contribute to enhancing the city's appeal.
Additionally, the city's growing reputation as a hub for international conferences and events adds to its global stature, making real estate here an increasingly attractive investment.
Top neighborhoods in Cancún to consider for living
Areas in Cancún that are budget-friendly
If you're looking to buy property in Cancún on a budget, there are a few neighborhoods you might want to consider.
Here is a summary table. Below, we will give more details.
| Neighborhood | Average Price per sqm | Type of Properties | Resident Demographics | Strengths | Weaknesses |
|---|---|---|---|---|---|
| Colonia Doctores | Lower than beachfront areas | Houses, Small Apartment Buildings | Local Working-Class Families | Affordable, Community Atmosphere | Far from Main Attractions |
| Región 92 | Reasonable | Single-Family Homes, Smaller Apartments | Locals | Authentic Living, Affordable | Lacks Amenities of Tourist Areas |
| Supermanzana 259 | Competitive | Newer Apartments, Houses | Local Families, Expatriates | Modern Housing, Growth Potential | Developing Amenities and Infrastructure |
Colonia Doctores
This area is known for being more budget-friendly due to its distance from the beach and tourist zones.
It's a residential area with a mix of houses and small apartment buildings. The average price per square meter in Colonia Doctores is generally lower here compared to beachfront areas, making it a more accessible option.
In the coming years, property values might rise as Cancún continues to expand and improve infrastructure. Residents are mostly local working-class families, creating a community-oriented atmosphere.
The strengths include affordable living and a local cultural experience, but the downside is it's farther from the main attractions and beaches of Cancún.
Región 92
Another affordable option, Región 92 is situated away from the tourist areas, contributing to its lower property prices.
This neighborhood offers a variety of properties, including single-family homes and smaller apartment complexes. The average price per square meter in Región 92 is quite reasonable.
The area is populated mainly by locals, providing an authentic living experience in Cancún. The potential for property value increases is tied to Cancún's overall growth and urban development.
The strengths of Región 92 include affordability and a genuine local lifestyle, but it lacks the amenities and charm of more tourist-centric areas.
Supermanzana 259
This neighborhood is an emerging area that's attracting attention for its affordability.
It mainly features newer apartment buildings and some houses, catering to a diverse demographic, including local families and expatriates. The average price per square meter in Supermanzana 259 is competitive, offering good value for money.
As Cancún grows, this area could see a rise in property values, especially if developments and amenities increase. The strengths are its modern housing options and potential for growth.
However, it's still developing, so some amenities and infrastructures are not as established as in more central areas.
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Areas in Cancún that are popular and upscale
When looking to buy property in Cancún, three neighborhoods stand out as upscale and popular choices. These neighborhoods each have their unique character and draw different types of residents.
| Neighborhood | Average Price per sqm | Property Type | Resident Profile | Strengths | Weaknesses |
|---|---|---|---|---|---|
| Zona Hotelera | USD 3,000 | Condos, Hotels | Wealthy Expats, Successful Locals | Beachfront, Nightlife | Crowded, Touristy |
| Puerto Cancún | USD 2,500 | Apartments, Villas | Families, Professionals | Shopping Mall, Golf Course | Less Beachfront |
| Playa Mujeres | USD 2,800 | Resorts, Private Villas | Celebrities, Business Tycoons | Privacy, Secluded Beaches | Isolated |
Zona Hotelera
Zona Hotelera is like the crown jewel of Cancún's property market.
It's where you find those postcard-perfect beaches and luxury resorts in Zona Hotelera. Yes, it's expensive, and for good reason. The properties in Zona Hotelera are mostly high-end condos and hotels, appealing to well-off individuals and investors.
You're looking at an average price of around USD 3,000 per sqm in Zona Hotelera, but it can go way higher for premium spots. People living in Zona Hotelera are a mix of wealthy expats and successful locals, enjoying the strengths like stunning beachfront views, top-notch amenities, and a vibrant nightlife.
The flip side? It can get crowded, especially during peak tourist seasons, and there's a lack of local cultural feel due to its tourist-centric vibe.
Puerto Cancún
Now, Puerto Cancún is a bit of a blend. It's upscale, but not as flashy as Zona Hotelera.
Think luxury, but with a more residential feel. The properties are diverse – from modern apartments to opulent villas. Prices in Puerto Cancún hover around USD 2,500 per sqm. It's favored by families and professionals who want a balance of luxury and everyday living.
The area boasts a shopping mall, a golf course, and marina access, making it quite self-contained.
However, it's not as directly beachfront as Zona Hotelera, and some might find it lacks the traditional Mexican charm.
Playa Mujeres
Playa Mujeres is like the new kid on the block.
It's a bit north of the city and has been attracting attention for its exclusive, serene environment. In Playa Mujeres, it's about privacy and luxury. You'll find elegant resorts and private villas in Playa Mujeres, with an average price around USD 2,800 per sqm.
It's populated by those who prefer tranquility over the hustle and bustle – think celebrities and business tycoons.
Its strengths lie in its pristine beaches and seclusion. The downside? It's a bit removed from Cancún's main attractions and might feel too isolated for some.
Make sure you understand the real estate market in Cancún
Don't rush into buying the wrong property in Mexico. Sit, relax and read our guide to avoid costly mistakes and make the best investment possible.
Areas in Cancún that emerge as new hotspots
Let's explore these emerging neighborhoods in Cancún that, according to our local partners and our customers, are getting quite a bit of buzz lately.
| Neighborhood | Average Price per sqm | Property Type | Resident Profile | Strengths | Weaknesses |
|---|---|---|---|---|---|
| El Centro | USD 1,500 | Mixed | Young Buyers, Investors | Cultural Vibe, Modern Amenities | Noisy, Less Upscale |
| Villas del Mar | USD 1,200 | Houses, Small Apartments | Local Families, Expats | Community Feel, Affordable | Less Developed |
| Puerto Juarez | USD 1,800 | Varied | Traditional Locals, Newcomers | Sea Views, Community Growth | Still Developing |
El Centro
El Centro is where Cancún's heart beats.
It used to be overlooked, but now it's catching eyes for its authentic vibe and more affordable properties. In El Centro, the evolution is visible – from a traditional downtown to a trendy spot with new cafes, bars, and boutique hotels.
It's perfect for those who appreciate culture and a more local experience. Prices in El Centro are more reasonable, around USD 1,500 per sqm, making it attractive for younger buyers and investors.
The area is gaining popularity for its blend of local life and modern amenities. The downside? It can be noisy and lacks the upscale beachfront appeal of more touristy areas.
Villas del Mar
This is a lesser-known gem.
Villas del Mar started as a quiet residential area but is now gaining traction for its affordability and potential. The properties in Villas del Mar are mainly modest houses and small apartment complexes.
You're looking at an average of USD 1,200 per sqm in Villas del Mar. It's popular with local middle-class families and expats who seek a more integrated lifestyle.
The area's strengths are its community feel and lower cost of living. However, it's not as developed as the upscale neighborhoods and lacks high-end amenities.
Puerto Juarez
Think of Puerto Juarez as a diamond in the rough.
It's traditionally been a fishing area, but now it's on the rise thanks to its proximity to the sea and more reasonable property prices, around USD 1,800 per sqm. The vibe in Puerto Juarez is still very local, but with an increasing number of small businesses and tourist facilities popping up.
The area appeals to those looking for a blend of traditional Cancún and modern living.
Its strengths include beautiful sea views and a growing community vibe. The weaknesses? It's still developing and might not offer the luxury experience of pricier neighborhoods.
Make a profitable investment in Cancún
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Top neighborhoods in Cancún to invest in property
Areas in Cancún with a strong rental demand
If you're considering buying real estate in Cancún for renting it out, these neighborhoods with high demand for rentals should be considered.
| Neighborhood | Tenant Type | Property Type | Average Rental Income | Rental Yield | Tips | Weaknesses |
|---|---|---|---|---|---|---|
| Zona Hotelera | Tourists, Short-term visitors | High-end apartments, Villas | $1,500 - $2,500/month | 5-7% | Ocean views, modern amenities | High maintenance, seasonal competition |
| El Centro | Local professionals, Expatriates | Apartments, Small homes | $800 - $1,200/month | 6-8% | Close to transport, schools | Slower appreciation, vacancy risks |
| Puerto Cancún | Wealthy individuals, Families | Upscale apartments, Large houses | $2,000 - $3,500/month | 4-6% | Private pools, security, exclusive amenities | High initial investment, economic sensitivity |
Zona Hotelera
Zona Hotelera is a prime location for rental properties, particularly for tourists and short-term visitors.
The area is known for its beautiful beaches and vibrant nightlife, attracting a steady flow of tourists year-round. Rental properties in Zona Hotelera are mostly sought by vacationers and those looking for a luxurious stay. The most popular property types in Zona Hotelera are high-end apartments and beachfront villas.
The average rental income for a two-bedroom apartment in Zona Hotelera can range from $1,500 to $2,500 per month, depending on the amenities and proximity to the beach. The rental yield in this area averages around 5-7%. To maximize rental income, focus on properties with ocean views, modern amenities, and easy access to popular tourist spots.
However, be aware that maintenance costs can be high due to the salty air and high humidity. Competition can be fierce, especially during off-peak seasons.
El Centro
El Centro, the downtown area of Cancún, attracts a different demographic.
Tenants in El Centro are often long-term renters, including local professionals and expatriates. The demand in El Centro stems from its proximity to local amenities, schools, and workplaces.
The most sought-after properties are practical apartments and small homes. A typical two-bedroom apartment in El Centro can fetch a rental income of about $800 to $1,200 per month, with a rental yield of around 6-8%.
To attract tenants and secure higher rents, look for properties close to public transport, shopping areas, and schools. However, be mindful that properties in El Centro may not appreciate as quickly as in more tourist-focused areas, and there might be periods of vacancy between long-term tenants.
Puerto Cancún
Puerto Cancún is a rapidly growing area, known for its luxury developments and high-end amenities.
The tenants in Puerto Cancún are usually well-off individuals and families, often expatriates or wealthy locals. Properties in demand include upscale apartments and large houses with modern amenities.
The rental income for a luxurious three-bedroom apartment in Puerto Cancún can be in the range of $2,000 to $3,500 per month, with a rental yield of approximately 4-6%. To increase rental income, focus on properties with exclusive features like private pools, security systems, and access to golf courses or marinas.
However, the initial investment is high, and there's a risk of lower rental demand during economic downturns.
Don't lose money on your property in Cancún
100% of people who have lost money in Mexico have spent less than 1 hour researching the market. We have reviewed everything there is to know. Grab our guide now.
Areas in Cancún where property prices might increase in the future
In these areas in in Cancún you can still find properties at a reasonable price, with room for appreciation as the neighborhoods develop.
| Neighborhood | Tenant Type | Property Type | Average Nightly Rate | Tips | Weaknesses |
|---|---|---|---|---|---|
| Zona Hotelera | Tourists, Families | Beachfront properties, Luxurious stays | $150 - $250/night | Unique features, sea views | Seasonal fluctuations, upkeep needs |
| La Isla | Tourists, Business travelers | Modern apartments, Condos | $100 - $180/night | Access to shopping/dining, comfort | High competition, growing market |
| Playa Mujeres | Tourists seeking tranquility | Beachfront villas, Boutique apartments | $200 - $350/night | Private beach access, luxury amenities | Developing market, high investment |
Zona Hotelera (Short-term)
For short-term rentals, Zona Hotelera again tops the list.
It's a hotspot for tourists seeking beachfront properties and luxurious stays. Vacationers, particularly couples and families, are the main tenants. They prefer properties with amenities like pools, easy beach access, and proximity to entertainment areas.
The average nightly rate for a well-located two-bedroom apartment in Zona Hotelera can be around $150 to $250. To maximize short-term rental income, invest in properties with unique features like sea views, modern design, and smart home technology.
However, be aware of the seasonal fluctuations in demand and the need for continuous upkeep and marketing.
La Isla
La Isla is another favorable area for short-term rentals, known for its shopping centers, restaurants, and entertainment options.
This area attracts a mix of tourists and business travelers. Preferred properties in La Isla are modern apartments and condos with amenities like internet access, parking, and security.
The average price for a nightly stay in a two-bedroom property in La Isla is about $100 to $180. To enhance rental potential, focus on properties with easy access to shopping and dining, as well as those offering a blend of comfort and convenience.
However, competition can be intense, especially with the growing number of properties available for short-term rent.
Playa Mujeres
Playa Mujeres is an up-and-coming area, popular for its quieter beaches and exclusive resorts.
It appeals to tourists looking for a tranquil retreat. The most in-demand properties in Playa Mujeres are beachfront villas and boutique apartments. The average nightly rate for a premium two-bedroom accommodation in Playa Mujeres can range from $200 to $350.
To attract short-term renters, invest in properties with private beach access, luxury amenities, and unique design features.
However, note that the market in Playa Mujeres is still developing, so there might be periods of low occupancy, and the initial investment can be substantial.
Make sure you understand the real estate market in Cancún
Don't rush into buying the wrong property in Mexico. Sit, relax and read our guide to avoid costly mistakes and make the best investment possible.