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What do the latest numbers reveal about Monterrey’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Monterrey, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.

1) Monterrey's rental yields are averaging around 6% in 2025
In 2025, rental yields in Monterrey are averaging around 6%.
Back in early 2024, rental yields for apartments in Monterrey ranged from 5.43% to 6.75%, with an average of 5.94%. This indicated a robust rental market, fueled by steady economic growth and a rising demand for housing.
Monterrey's economic expansion attracted more residents, which in turn increased the demand for rental properties. This surge in demand likely helped maintain or slightly boost rental yields, bringing them to an average of around 6% in 2025.
As the city continued to thrive, the influx of new residents seeking housing options contributed to the stability of rental yields. This trend reflects Monterrey's growing appeal as a place to live and invest.
With more people moving to Monterrey, the rental market has remained competitive, ensuring that property owners can achieve yields of around 6%. This is a testament to the city's economic vitality and attractiveness.
Investors looking at Monterrey can expect a healthy rental market, with yields consistently hovering around 6%, thanks to the city's ongoing development and increasing population.
Source: Global Property Guide
2) Monterrey’s residential property vacancy rate is expected to hover around 3% in 2025
In 2025, the vacancy rate for residential properties in Monterrey is hovering around 3%.
This low vacancy rate is largely due to the impact of nearshoring, which has given a significant boost to Monterrey's industrial market. As companies relocate closer to their consumer bases, employment opportunities have surged, attracting more people to the area. This influx has naturally increased the demand for housing, as more individuals are seeking places to live.
Monterrey is experiencing a boom in the residential real estate market, driven by young people eager to settle in vibrant urban areas. As a key city, Monterrey has seen a rise in demand for both corporate and residential spaces. This growth is keeping the vacancy rate low, as the demand for housing continues to outpace supply.
The strong demand for office spaces in Monterrey is another factor, with the commercial sector showing a low vacancy rate as well. This indicates robust economic activity, which indirectly boosts the residential market. More workers and businesses are settling in the area, further reducing residential vacancy rates.
Monterrey's economic vitality is evident in its bustling real estate market. The city's appeal is not just limited to businesses but also to individuals looking for new opportunities. This dynamic environment is a magnet for both corporate and residential growth, keeping the housing market tight.
As Monterrey continues to thrive, the demand for housing remains strong, driven by a combination of economic factors and demographic shifts. The city's strategic location and economic opportunities make it a prime destination for both businesses and residents.
Sources: El Economista, Real Estate Market, Mordor Intelligence

We have made this infographic to give you a quick and clear snapshot of the property market in Mexico. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
3) Luxury property demand in Monterrey rose by 8% in 2024
In 2024, the demand for luxury properties in Monterrey increased by 8%.
Monterrey plays a crucial role in Mexico's real estate scene, especially in the industrial and office sectors. In 2023, the city boasted an impressive 17 million square meters of industrial space, thanks to nearshoring and a top-notch logistics setup. This industrial boom is a key factor driving the luxury property market.
Recognized as a prime spot for homebuyers, Monterrey's housing market is dynamic. A two-bedroom apartment here averages MX$4.5 million, reflecting a strong and competitive market. This price point highlights the city's appeal to those eyeing luxury investments.
Even with some hiccups in the residential market, like a dip in sales for vertical housing priced between MX$2 million and MX$4 million due to inventory shortages and restrictive policies, the luxury segment remains strong. Monterrey's robust industrial base and the demand for premium office spaces make it a hot spot for real estate investments.
For those considering a property purchase, Monterrey stands out. The city's industrial prowess and strategic location contribute to its allure, making it a top choice for luxury real estate buyers.
Sources: Mexico Business News, The Rio Times, Mexico Business News
4) Properties sold in Monterrey rose by 7% in 2024
The number of properties sold in Monterrey increased by 7% in 2024.
In the bustling zona metropolitana de Monterrey, property sales surged by 13.4% in the second trimester of 2024 compared to the previous one. This spike shows a growing interest in the area, which likely fueled the overall rise in property sales for the year.
Monterrey is not just any city; it's been recognized as one of the top spots for home purchases in Mexico, alongside Merida and Queretaro. This recognition comes from its competitive market and steady housing demand, making it a magnet for buyers.
The average price for a two-bedroom apartment in Monterrey was MX$4.5 million, highlighting a vibrant real estate market that attracts both local and international investors.
These elements combined suggest that Monterrey's real estate market was thriving in 2024, leading to the observed increase in property sales.
Sources: Hombres y Mujeres de la Casa, Mexico Business News
5) The number of properties being renovated in Monterrey increased by 5% in 2024
In 2024, Monterrey saw a 5% rise in property renovations, reflecting shifts in the real estate market.
Monterrey's real estate scene was buzzing with activity, especially in the industrial and office sectors. However, affordable housing faced hurdles due to strict densification rules and rising construction costs. These challenges likely nudged property owners to renovate instead of building new, aiming to tap into the market's potential.
Property values in Monterrey were significant, with prices per square meter ranging from MXN 46,250 to MXN 67,007. This price range likely pushed owners to invest in renovations, hoping to boost their property's value and attract buyers or renters in a competitive environment.
Monterrey continued to be a hotspot for homebuyers, maintaining a steady demand for properties. This ongoing interest might have spurred renovations, ensuring homes met the changing tastes and needs of the market.
Renovations became a strategic move for property owners, allowing them to adapt to market demands and enhance their investment's appeal. With the city's dynamic real estate landscape, renovating existing properties became a viable option to stay competitive.
As Monterrey's market evolved, property owners saw renovations as a way to keep up with trends and maximize their property's potential. This approach not only addressed immediate market needs but also positioned properties for future growth.
Sources: Mexico Business News, Mudafy, Mexico Business News
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6) Monterrey’s property tax rate averages 1.2% in 2025
In 2025, the average property tax rate in Monterrey is 1.2%.
Monterrey's property tax, known as Impuesto Predial, is calculated at a rate of 2 to 1 thousandth of the property's value each year. This base rate can change depending on the property's type and location within the city, meaning the actual rate might vary based on specific property characteristics.
Recently, property taxes in various municipalities in Nuevo León, including Monterrey, have seen some increases. However, these increases are often offset by subsidies or discounts to ease the burden on residents.
Starting January 1, 2025, Monterrey offers a 15% discount for the first two months of property tax payments. This initiative is designed to encourage timely payments and provide some financial relief to property owners.
Additionally, Monterrey provides a home insurance policy for the first 200,000 contributors, adding an extra layer of security for homeowners.
Sources: Monterrey Government Portal, Milenio
7) Properties with home offices in Monterrey increased by 6% in 2024
In 2024, the number of properties with home offices in Monterrey increased by 6%.
This shift is closely tied to the city's office market recovery, which was rebounding from the COVID-19 pandemic. In areas like Valle Oriente, occupancy rates soared to 90% in 2023, highlighting a strong demand for modern office spaces. Companies were eager to secure these spaces to attract talent and enhance their corporate image.
The residential market felt this influence, with more homes being designed or renovated to include home offices. Monterrey's strategic location and robust logistics infrastructure further fueled the real estate market, especially in the industrial and office sectors.
Even with challenges like affordable housing and rising construction costs, the demand for flexible workspaces, including home offices, was growing. This trend was part of a larger movement towards urban regeneration and densification, aiming to address the residential supply gap.
Monterrey's appeal lies in its ability to adapt to changing work environments, making it a prime location for property investment. The city's focus on modernizing its infrastructure and office spaces is a key factor in its real estate success.
As more people seek homes that accommodate remote work, the integration of home offices becomes a crucial selling point. This evolution in property design reflects broader shifts in how we live and work today.
Source: Mexico Business News
8) Monterrey’s average home purchase closing cost is 3% of the sale price in 2025
In 2025, the average closing cost for a home purchase in Monterrey is about 3% of the sale price.
Monterrey's real estate market shows diverse pricing, with houses averaging 27,806 MXN per square meter. Apartments, however, are pricier, ranging from 63,001 MXN to 70,819 MXN per square meter, depending on room count. These variations can affect how closing costs stack up against the sale price.
While there's no specific source pinpointing the 3% closing cost in Monterrey for 2025, it's a reasonable estimate. Historically, closing costs have hovered between 2% and 5%, as seen in various markets.
Given the typical range of 2% to 6% for closing costs, Monterrey's 3% estimate fits comfortably within this bracket. This aligns with trends observed in previous years, making it a plausible figure for potential buyers.
Understanding these costs is crucial for budgeting, especially when considering Monterrey's varied property prices. The percentage of closing costs can significantly impact your overall expenses.
For those eyeing Monterrey's real estate, being aware of these financial aspects can help in making informed decisions. It's always wise to factor in these costs when planning your purchase.
Sources: Blue Water Mortgage, Properstar, Rocket Mortgage
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.