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Everything you need to know before buying real estate is included in our Mexico Property Pack
If you're thinking about buying a house in Mérida, you're probably wondering how much it actually costs and what you can realistically afford in early 2026.
This guide breaks down house prices in Mérida by neighborhood, size, and type, so you can plan your budget with confidence.
We constantly update this blog post to reflect the latest market data available.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Mérida.
How much do houses cost in Mérida as of 2026?
What's the median and average house price in Mérida as of 2026?
As of early 2026, the median house price in Mérida is approximately MXN 3,100,000 (around USD 151,000 or EUR 141,000), while the average house price sits slightly higher at about MXN 3,300,000 (around USD 161,000 or EUR 150,000).
The typical price range that covers roughly 80% of house sales in Mérida spans from MXN 1,500,000 to MXN 7,000,000 (approximately USD 73,000 to USD 341,000, or EUR 68,000 to EUR 318,000), reflecting the city's diverse housing stock.
The gap between the median and average price in Mérida exists because luxury homes in neighborhoods like Yucatán Country Club and Temozón Norte pull the average up, while the median better represents what a typical buyer actually pays.
At the median price of MXN 3,100,000 in Mérida, buyers can typically expect a three-bedroom house with around 150 to 180 square meters of built area, often in a gated community (privada) in developing areas like Cholul or the western suburbs.
What's the cheapest livable house budget in Mérida as of 2026?
As of early 2026, the minimum budget for a livable house in Mérida is approximately MXN 1,300,000 (around USD 63,000 or EUR 59,000), though a more comfortable entry point that avoids constant repairs sits closer to MXN 1,700,000 to MXN 2,000,000 (USD 83,000 to USD 98,000, or EUR 77,000 to EUR 91,000).
At this entry-level price point in Mérida, "livable" typically means a smaller house with basic finishes, limited air conditioning infrastructure, and older construction that may need waterproofing work due to Yucatán's intense humidity.
These cheapest livable houses in Mérida are usually found in neighborhoods like Las Américas, Real Montejo, and the outer western and southern areas of the city where new developments have not yet driven prices up.
Wondering what you can get? We cover all the buying opportunities at different budget levels in Mérida here.
How much do 2 and 3-bedroom houses cost in Mérida as of 2026?
As of early 2026, a typical 2-bedroom house in Mérida costs around MXN 2,400,000 (approximately USD 117,000 or EUR 109,000), while a typical 3-bedroom house costs around MXN 3,400,000 (approximately USD 166,000 or EUR 155,000).
The realistic price range for a 2-bedroom house in Mérida spans from MXN 1,800,000 to MXN 3,000,000 (approximately USD 88,000 to USD 146,000, or EUR 82,000 to EUR 136,000), depending on location and whether the home is in a gated community.
For a 3-bedroom house in Mérida, the realistic price range is MXN 2,300,000 to MXN 4,500,000 (approximately USD 112,000 to USD 220,000, or EUR 105,000 to EUR 205,000), with the north and northeast commanding the higher end.
The typical price premium when moving from a 2-bedroom to a 3-bedroom house in Mérida is around 30% to 45%, though this jump often reflects not just the extra room but also a larger lot and better location rather than just square meters alone.
How much do 4-bedroom houses cost in Mérida as of 2026?
As of early 2026, a typical 4-bedroom house in Mérida costs between MXN 4,500,000 and MXN 8,500,000 (approximately USD 220,000 to USD 415,000, or EUR 205,000 to EUR 386,000), with the wide range reflecting significant differences between standard family homes and premium gated communities.
For a 5-bedroom house in Mérida, the realistic price range is MXN 7,500,000 to MXN 14,000,000 (approximately USD 366,000 to USD 683,000, or EUR 341,000 to EUR 636,000), as these larger homes are typically found in prestige zones like Temozón Norte.
A 6-bedroom house in Mérida typically falls within MXN 10,000,000 to MXN 22,000,000 (approximately USD 488,000 to USD 1,073,000, or EUR 455,000 to EUR 1,000,000), often featuring large lots, pools, and high-end finishes that appeal to both expat families and investors.
Please note that we give much more detailed data in our pack about the property market in Mérida.
How much do new-build houses cost in Mérida as of 2026?
As of early 2026, a typical mid-market new-build house in Mérida costs between MXN 2,600,000 and MXN 5,500,000 (approximately USD 127,000 to USD 268,000, or EUR 118,000 to EUR 250,000), while premium new-builds in the northern gated communities start at MXN 4,500,000 and can exceed MXN 12,000,000 (USD 220,000 to USD 585,000 or more).
New-build houses in Mérida typically carry a price premium of 10% to 25% compared to older resale houses, and this premium reflects modern air conditioning infrastructure, better insulation against Yucatán's heat, improved plumbing and electrical systems, and the security features of a privada (gated community).
How much do houses with land cost in Mérida as of 2026?
As of early 2026, a house with land in Mérida typically costs between MXN 2,500,000 and MXN 18,000,000 (approximately USD 122,000 to USD 878,000, or EUR 114,000 to EUR 818,000), with the enormous range reflecting the difference between a modest family lot and a large suburban or Centro colonial property.
In Mérida, a "house with land" typically means a plot of 250 to 350 square meters for a normal family home, while large-lot properties range from 500 to 1,000 square meters, and very premium properties in the north or Centro can exceed 1,000 square meters.
We cover everything there is to know about land prices in Mérida here.
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Where are houses cheapest and most expensive in Mérida as of 2026?
Which neighborhoods have the lowest house prices in Mérida as of 2026?
As of early 2026, the neighborhoods with the lowest house prices in Mérida include Las Américas, Real Montejo, and parts of Dzityá, which consistently appear as affordable benchmarks in local listing data.
In these more affordable Mérida neighborhoods, the typical house price range is MXN 1,600,000 to MXN 3,000,000 (approximately USD 78,000 to USD 146,000, or EUR 73,000 to EUR 136,000), making them accessible entry points for budget-conscious buyers.
These neighborhoods have the lowest house prices in Mérida because they are farther from the prestige north corridor and the historic Centro, have higher supply of new mid-market developments, and lack the established private-school and shopping infrastructure that drives demand elsewhere.
Which neighborhoods have the highest house prices in Mérida as of 2026?
As of early 2026, the three neighborhoods with the highest house prices in Mérida are Yucatán Country Club, Komchén, and Temozón Norte, with Santa Gertrudis Copó also commanding premium prices in the northeast corridor.
In these most expensive Mérida neighborhoods, the typical house price range is MXN 5,000,000 to MXN 15,000,000 (approximately USD 244,000 to USD 732,000, or EUR 227,000 to EUR 682,000), with ultra-luxury properties exceeding MXN 25,000,000.
These neighborhoods command the highest house prices in Mérida because they offer large lots, modern gated communities with clubhouses and security, proximity to top private schools and premium shopping centers like Altabrisa, and a concentration of high-quality new construction.
The typical buyer in these premium Mérida neighborhoods is either a wealthy local family seeking modern amenities and security, a foreign retiree or remote worker looking for turnkey comfort, or an investor building a rental portfolio targeting the expat and digital nomad market.
How much do houses cost near the city center in Mérida as of 2026?
As of early 2026, a house near the city center of Mérida (including Centro Histórico, Santiago, and Santa Ana barrios) typically costs between MXN 3,500,000 and MXN 7,000,000 (approximately USD 171,000 to USD 341,000, or EUR 159,000 to EUR 318,000), depending heavily on restoration quality and lot depth.
Houses near major transit corridors in Mérida, such as Paseo de Montejo and areas with easy access to the Periférico ring road, typically cost between MXN 3,000,000 and MXN 8,000,000 (approximately USD 146,000 to USD 390,000, or EUR 136,000 to EUR 364,000), reflecting their convenience for daily commuting.
Houses near top-rated private schools in Mérida, such as Colegio Cumbres Mérida, Rogers Hall, and Alianz, typically cost between MXN 3,500,000 and MXN 10,000,000 (approximately USD 171,000 to USD 488,000, or EUR 159,000 to EUR 455,000), as these schools cluster in the north and northeast.
Houses in expat-popular areas of Mérida, including Centro Histórico, Itzimná, and the north corridor around Temozón Norte, typically cost between MXN 3,500,000 and MXN 12,000,000 (approximately USD 171,000 to USD 585,000, or EUR 159,000 to EUR 545,000), depending on whether buyers prefer colonial charm or modern gated living.
We actually have an updated expat guide for Mérida here.
How much do houses cost in the suburbs in Mérida as of 2026?
As of early 2026, a house in the suburbs of Mérida typically costs between MXN 2,000,000 and MXN 6,500,000 (approximately USD 98,000 to USD 317,000, or EUR 91,000 to EUR 295,000), making suburban areas an attractive middle ground between affordability and modern amenities.
The typical price difference between suburban houses and city-center houses in Mérida is around 25% to 40% lower in the suburbs, though this gap narrows in high-demand suburban privadas with premium amenities like pools and clubhouses.
The most popular suburbs for house buyers in Mérida in 2026 include Cholul, Dzityá, and Tamanché, as well as areas near the Periférico where new gated developments continue to expand with services, schools, and retail following close behind.
What areas in Mérida are improving and still affordable as of 2026?
As of early 2026, the top areas in Mérida that are improving and still affordable for house buyers include Real Montejo, Las Américas, and Cholul, where active development brings new retail, schools, and services without yet reaching peak pricing.
In these improving yet affordable Mérida areas, the current typical house price is MXN 1,800,000 to MXN 3,500,000 (approximately USD 88,000 to USD 171,000, or EUR 82,000 to EUR 159,000), offering good value for buyers willing to be slightly farther from the established north corridor.
The main sign of improvement driving buyer interest in these areas is the rapid expansion of mid-market gated communities (privadas) combined with new supermarkets, banks, and medical clinics opening along the connecting roads, signaling that infrastructure is catching up with housing supply.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Mérida.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Mexico versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
What extra costs should I budget for a house in Mérida right now?
What are typical buyer closing costs for houses in Mérida right now?
The estimated typical total closing cost for house buyers in Mérida is approximately 4% to 7% of the purchase price, with most transactions landing around 5% as a practical planning figure.
The main closing cost categories in Mérida include ISAI (property acquisition tax) at roughly 2.5% to 3.5% depending on price brackets, notary fees and deed costs, Public Registry fees, appraisal fees if financing, and miscellaneous certificates like no-lien verification.
The single largest closing cost category for house buyers in Mérida is the ISAI acquisition tax, which alone typically represents about half of your total closing costs and is calculated on progressive brackets published by the municipal government.
We cover all these costs and what are the strategies to minimize them in our property pack about Mérida.
How much are property taxes on houses in Mérida right now?
The estimated typical annual property tax (predial) for a house in Mérida is between MXN 1,000 and MXN 6,000 (approximately USD 49 to USD 293, or EUR 45 to EUR 273), which is generally considered low compared to property taxes in North America or Europe.
Property tax in Mérida is calculated based on the cadastral value of your property, which the city assigns and updates, and the municipality offers early-payment discounts in January through March that can reduce your bill by 10% to 15%.
If you want to go into more details, we also have a page with all the property taxes and fees in Mérida.
How much is home insurance for a house in Mérida right now?
The estimated typical annual home insurance cost for a house in Mérida is between MXN 3,000 and MXN 12,000 (approximately USD 146 to USD 585, or EUR 136 to EUR 545) for a normal non-luxury property, with higher-value homes or broader storm coverage pushing premiums to MXN 12,000 to MXN 30,000 or more.
The main factors that affect home insurance premiums for houses in Mérida include the rebuild value of the property, the level of hurricane and storm coverage selected, contents value, security features like gated access or alarm systems, and the specific location within the city.
What are typical utility costs for a house in Mérida right now?
The estimated typical total monthly utility cost for a house in Mérida is between MXN 1,500 and MXN 4,000 (approximately USD 73 to USD 195, or EUR 68 to EUR 182), though heavy air conditioning use can push electricity alone well above this range.
The breakdown of main utility categories for houses in Mérida includes electricity at MXN 600 to MXN 2,800 per month (the biggest variable, driven by A/C), water at MXN 150 to MXN 500 per month through JAPAY, and internet at MXN 500 to MXN 1,200 per month depending on speed and provider.
What are common hidden costs when buying a house in Mérida right now?
The estimated total of common hidden costs that house buyers in Mérida often overlook is MXN 30,000 to MXN 150,000 (approximately USD 1,460 to USD 7,320, or EUR 1,360 to EUR 6,820), covering everything from necessary repairs to unexpected upgrades.
The typical inspection fees buyers should expect when purchasing a house in Mérida are MXN 4,000 to MXN 10,000 (approximately USD 195 to USD 488, or EUR 182 to EUR 455) for a general inspection, with specialist checks for roofing, waterproofing, or electrical load adding another MXN 3,000 to MXN 15,000.
Other common hidden costs beyond inspections when buying a house in Mérida include waterproofing and humidity control work (critical in Yucatán's climate), air conditioning upgrades or additional circuits, septic system maintenance, termite and pest treatment, and pool upkeep if applicable.
The hidden cost that tends to surprise first-time house buyers the most in Mérida is the electricity bill when running air conditioning heavily, as poor insulation or undersized A/C units can push a home into CFE's DAC (high consumption) pricing tier, causing bills to jump dramatically.
You will find here the list of classic mistakes people make when buying a property in Mérida.
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What do locals and expats say about the market in Mérida as of 2026?
Do people think houses are overpriced in Mérida as of 2026?
As of early 2026, sentiment among locals and expats in Mérida is mixed, with many locals feeling that the northern premium neighborhoods have become expensive quickly, while many expats still see value compared to comparable cities in the United States or Canada.
Houses in Mérida typically stay on the market for around 30 to 90 days if well-priced, though overpriced or very niche luxury properties can sit for 3 to 9 months or longer as buyers have plenty of inventory to compare.
The main reason locals give for feeling house prices are high in Mérida is the rapid appreciation in the north corridor driven by migration from Mexico City and foreign buyer demand, while expats often feel prices are fairly valued because they compare them to much higher costs in their home countries.
Compared to one or two years ago, sentiment on house prices in Mérida has shifted from "great value" to "selective value," meaning that buyers are more discerning and the days of easily finding a bargain turnkey home in desirable areas have passed.
You'll find our latest property market analysis about Mérida here.
Are prices still rising or cooling in Mérida as of 2026?
As of early 2026, house prices in Mérida are still rising overall but the market has become more selective, with turnkey homes in good locations moving well while renovation projects and overpriced listings sit longer.
The estimated year-over-year house price change in Mérida is approximately 6% to 9% appreciation, consistent with the broader SHF index trend showing Mexico-wide housing prices continuing to climb through late 2025 and into early 2026.
Experts and locals expect house prices in Mérida to continue rising modestly over the next 6 to 12 months, though the pace may slow as high supply in suburban developments gives buyers more negotiating power outside the premium north corridor.
Finally, please note that we have covered property price trends and forecasts for Mérida here.
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Mexico. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Mérida, we always rely on the strongest methodology we can … and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why it's authoritative | How we used it |
|---|---|---|
| Propiedades.com | One of Mexico's largest property portals with transparent median and average data. | We used it as our main market thermometer for Mérida house prices. We extracted median, average, and neighborhood-level pricing data. |
| SHF House Price Index | Official government index with transparent methodology and regional breakdowns. | We used it to adjust late-2025 portal data into February 2026 estimates. We also referenced new vs. used price splits. |
| Vivanuncios | Major Mexican classifieds marketplace with large listing volume. | We used its bedroom-level pricing signals to triangulate larger home budgets. We cross-checked against Propiedades.com. |
| Ayuntamiento de Mérida (ISAI) | Official municipal government source for property acquisition tax brackets. | We used it to document ISAI rates buyers face in Mérida. We built closing cost estimates from these brackets. |
| CFE Tariff Framework | Official national electricity utility publishing household rate structures. | We used it to explain how electricity billing works in Mérida. We framed realistic utility budgets for high A/C use. |
| JAPAY Water Tariffs | State water utility with officially published tariff documents. | We used it to ground water and sewer budgeting in official rates. We kept guidance at a high level for typical households. |
| Banxico SIE (Exchange Rates) | Mexico's central bank and official foreign exchange reference source. | We used it to convert MXN budgets into USD and EUR for foreign buyers. We anchored early 2026 FX context here. |
| Mérida Predial Portal | City's official portal for checking and paying property tax. | We used it to explain how predial is calculated and paid. We kept property tax guidance grounded in official mechanisms. |
| Inmuebles24 | Mainstream high-volume Mexican property portal. | We used it to validate that Mérida has deep, diverse house inventory. We confirmed portal medians are based on large samples. |
| Properstar | International property aggregator publishing summary statistics with clear timing. | We used it as an additional cross-check on price-per-square-meter signals. We noted uncertainty where it diverged from local portals. |
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