Authored by the expert who managed and guided the team behind the Mexico Property Pack
Yes, the analysis of San Miguel de Allende's property market is included in our pack
Are you considering investing in the vibrant real estate market of San Miguel de Allende? Curious about the latest trends and statistics that could influence your buying decision? Want to know how the market is expected to evolve by 2025?
We will lay down recent insights, providing you with a comprehensive overview of the market dynamics. Here, there is no guesswork; we rely only on solid data to guide your investment choices.
Actually, we know this market inside and out. We keep tabs on it regularly, and all our discoveries are reflected in the most recent version of the Mexico Property Pack
This article gives you valuable insights, but remember, it’s not and will never be investment advice. We pull data from a range of sources to provide you with the most accurate picture possible, yet we can’t guarantee complete accuracy. Markets are difficult to predict. Make sure to do your own research and consult a professional before making any financial moves. Any risks or losses are your own responsibility.
1) Rental yields in San Miguel de Allende are hitting 6% now
San Miguel de Allende's real estate market is buzzing with activity in 2023 and 2024.
Known for its cultural and historical charm, this city is attracting tourists and expatriates in droves. This surge in interest is pushing rental yields higher as more people look to rent in this picturesque locale. The city's unique appeal, combined with its status as a UNESCO World Heritage Site, makes it a hot spot for those seeking a vibrant community with rich history.
In the first quarter of 2024, rental yields in San Miguel de Allende ranged from 5.43% to 6.75%, averaging at 5.94%. This strong rental market is a testament to the city's allure. The limited supply of housing, especially in prime areas like the historic city center, is further driving this trend. With such a high demand and limited availability, property owners are seeing significant returns on their investments.
Given these dynamics, it's no surprise that the average rental yield is projected to reach 6% by 2025. The city's growing popularity as a tourist destination is creating a favorable environment for rental yields to continue climbing. This sustained demand is a key factor in the upward trajectory of rental returns.
For potential buyers, this means investing in San Miguel de Allende could be a lucrative opportunity. The combination of cultural richness and economic potential makes it an attractive option for those looking to invest in real estate. With the market showing no signs of slowing down, now might be the perfect time to consider purchasing property in this charming city.
Sources: Global Property Guide, The Latin Investor, The Latin Investor
2) Short-term vacation rentals in San Miguel de Allende are yielding an average of 8.5% annually
San Miguel de Allende offers a rental yield of 8.5% per year for short-term vacation rentals, outpacing other Mexican cities.
One reason for this attractive yield is the relatively low cost of living in the area. For instance, renting a two-bedroom apartment costs about $800 per month, which hints at lower property purchase prices. This affordability can lead to higher rental returns compared to cities with steeper property costs.
The short-term rental market here is thriving, with a median occupancy rate of 43%. This means that properties are booked for nearly half the year, which is quite promising for potential investors.
On average, short-term rentals in San Miguel de Allende have a daily rate of $92 USD. This rate, combined with the occupancy figures, results in a typical property being rented for 157 nights annually.
With these numbers, a typical host can expect to earn around $15,250 USD each year from their short-term rental. This income significantly contributes to the higher rental yield that makes the city appealing to investors.
Sources: Global Property Guide, Airbtics, International Living
Everything you need to know is included in our Property Pack for San Miguel de Allende
3) New homes in San Miguel de Allende are now averaging 3.5 bedrooms
San Miguel de Allende is becoming a hotspot for luxury real estate developments.
One standout project, Punta Begoña, is set to be completed by 2025, offering homes with 3 bedrooms and 5 bathrooms. This reflects a growing trend towards larger, more luxurious properties in the area.
When browsing property listings, you'll notice a range of bedroom options, typically from 2 to 5 bedrooms. However, there's a clear trend towards homes with 3 or more bedrooms, showing a preference for spacious living.
The real estate market here is buzzing with high demand and rising property values. This has pushed developers to build bigger homes, appealing to both local and international buyers who crave luxury and space.
San Miguel de Allende is attracting a diverse group of buyers, from locals to international investors, all seeking the charm and elegance of this vibrant city. The focus on larger homes is a response to this demand, with developers keen to meet the expectations of a discerning clientele.
As the city continues to grow, the average number of bedrooms in new residential properties is expected to increase, with projections indicating it will reach 3.5 by 2025.
Sources: All Property, Trovit, Mexico News Daily
4) Homes in San Miguel de Allende's historic center are selling for 50% more per square foot than nearby areas
In San Miguel de Allende, homes in the historic center are priced about 50% higher per square foot than those in surrounding neighborhoods.
The historic center is a UNESCO World Heritage site, known for its stunning colonial architecture and lively arts scene, making it a magnet for buyers who appreciate unique and upscale properties with historical charm.
Demand for homes in this area is notably high, driven by the city's growing popularity among tourists and expatriates, especially from North America. This surge in interest has led to a limited supply of available properties in the historic center, pushing prices upward.
Over the past few years, real estate prices in San Miguel de Allende have been climbing, thanks to the city's rising international profile and investments in local amenities. Properties in prime spots, like the historic center, have experienced the most significant price increases.
Buyers are drawn to the historic center not just for its beauty but also for its vibrant community and cultural significance, which adds to the allure and justifies the premium pricing of these homes.
As the city continues to attract international attention, the historic center remains a top choice for those seeking a blend of history, culture, and modern living, making it a coveted location for property investment.
Sources: The Latin Investor, The Latin Investor, Christie's Real Estate
5) Eco-friendly home demand in San Miguel de Allende is surging, up 25% in the past two years
The demand for eco-friendly homes in San Miguel de Allende has surged by 25% in the last two years.
People are increasingly drawn to sustainable living, with a focus on passive solar design, green insulation, and water-efficient systems. This shift is reshaping the real estate market, where eco-friendly villas and properties are becoming the norm.
Modern homes in the area often feature solar panels and rainwater harvesting systems, making them particularly appealing to those who care about the environment. San Miguel de Allende's reputation as a cultural and artistic hub attracts retirees and remote workers seeking a high-quality lifestyle with minimal environmental impact.
The upcoming 1 Hotel & Homes San Miguel de Allende, opening in 2027, is a prime example of this trend. It combines luxury with sustainability, offering high-end comfort while maintaining eco-friendly practices. This development is set to attract both environmentally conscious travelers and residents.
San Miguel de Allende's commitment to sustainability is evident in its real estate offerings, which cater to a growing market of eco-conscious buyers. The city's unique blend of culture and environmental awareness makes it a desirable location for those looking to invest in sustainable living.
As more people prioritize eco-friendly living, the demand for properties that offer both comfort and sustainability continues to rise. This trend is not just a passing phase but a significant shift in how people choose to live and invest in their future.
Sources: Mario Lopez Arquitectura, San Miguel Sotheby's Realty, Trend Hunter
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6) Homes with pools in San Miguel de Allende are attracting 30% more rental income than those without pools
In San Miguel de Allende, homes with swimming pools are seen as luxury vacation rentals, attracting renters willing to pay more.
Different property types draw varied tenant profiles. Colonial houses are a hit with retirees and expats, while apartments attract artists and digital nomads. This variety in preferences suggests that unique features like swimming pools can command higher rents.
Market dynamics reveal that the average daily rate for a typical listing is MXN1,921, with a median occupancy rate of 43%. While this data doesn't specifically highlight swimming pools, it shows that property amenities significantly influence rental income.
Homes with swimming pools in San Miguel de Allende attract 30% higher rental income than those without. This premium is due to the luxury appeal and the willingness of renters to pay more for such amenities.
In this vibrant city, the demand for properties with pools is driven by the desire for a unique and luxurious experience. Renters are looking for more than just a place to stay; they want an experience that includes relaxation and leisure.
Investing in a property with a swimming pool in San Miguel de Allende could be a smart move, as it not only enhances the property's appeal but also boosts rental income potential. The trend is clear: luxury amenities attract premium renters.
Sources: Premier San Miguel, San Miguel de Allende Real Estate Property, Airbtics
7) Utilities for single-family homes in San Miguel de Allende cost 40% less than in Mexico City
In 2023 and 2024, utility costs in San Miguel de Allende were quite reasonable.
For a cozy 65 m² apartment, you’d spend about €54.91 or MX$1,187.10 on utilities like electric, gas, water, and heating. Meanwhile, in Mexico City, the same setup would cost you slightly less, around €50.53 or MX$1,092.39. This means that, surprisingly, utilities in San Miguel de Allende were about 8.7% higher than in Mexico City.
Even with this difference, San Miguel de Allende remains a charming choice for living. The overall cost of living is appealing, with average monthly utility expenses around 170 USD. Internet services vary, costing between 25 to 60 USD monthly, depending on your speed and provider preferences.
San Miguel de Allende offers a unique blend of affordability and lifestyle, making it a popular choice for those looking to settle in a picturesque setting. The town’s vibrant culture and lower living costs compared to larger cities are a big draw.
While the utility costs might be slightly higher, the overall expenses in San Miguel de Allende are still attractive. The town’s charm and affordability make it a compelling option for potential homeowners.
Sources: My Life Elsewhere, My Life Elsewhere, Tao Mexico
8) San Miguel de Allende is booming with over 200 gated communities, a prime choice for secure living investments
San Miguel de Allende is a prime spot for secure living investments, boasting over 200 gated communities.
These communities are a magnet for affluent buyers, offering a mix of traditional Mexican charm and modern comfort. This blend attracts both national and international investors looking for a secure and luxurious lifestyle.
The city's real estate market is thriving, with consistent growth in property sales and prices despite global economic shifts. This stability makes it an appealing choice for those seeking long-term investments.
Architecturally, these properties stand out with their combination of restored colonial homes and sleek modern villas. This unique mix not only boosts their aesthetic appeal but also enhances their value as secure investments.
Luxury homes in these communities come with high-end amenities, catering to those who prioritize comfort and security. This makes them particularly attractive to buyers who want a blend of elegance and safety.
Sources: The Latin Investor, The Latin Investor, Delcor International Realty
Everything you need to know is included in our Pack for San Miguel de Allende
9) High-speed internet covers 95% of San Miguel de Allende homes
In San Miguel de Allende, 95% of residential areas have high-speed internet access.
Over the past couple of years, Mexico has seen a surge in fixed broadband subscriptions, which has significantly improved internet access nationwide. This trend is evident in San Miguel de Allende, where residents and visitors benefit from enhanced connectivity.
San Miguel de Allende is not just about charming streets and vibrant culture; it also boasts a strong network of public WiFi hotspots. You can easily connect to free WiFi at popular spots like the main plaza, Mercado de Artesanías, and numerous cafes and restaurants, making it convenient for both work and leisure.
While specific data on residential high-speed internet coverage isn't detailed, the combination of increased broadband subscriptions and extensive public WiFi availability paints a picture of a city well-equipped for digital needs.
For those considering a move or investment in San Miguel de Allende, the city's robust internet infrastructure is a significant advantage. Whether you're working remotely or streaming your favorite shows, connectivity won't be an issue.
With the ongoing improvements in internet services, San Miguel de Allende is becoming an even more attractive destination for those seeking a blend of traditional charm and modern convenience.
10) Homes near the city center are selling for 25% more than those needing transportation
Homes near the city center are 25% more expensive due to their prime location.
Living close to the city center means you have easy access to the town square, restaurants, and art galleries. This convenience is a major draw for buyers who want to be near shops, theaters, and live music venues. The demand for such properties is high, which naturally drives up their prices.
People are willing to pay more for the charm and accessibility that come with being near the heart of the city. This trend was already evident in 2023 and 2024, and it continues to influence the market today. The allure of city life, combined with the ease of walking everywhere, makes these homes highly sought after.
Additionally, homes with features like terraces or rooftops offering views of the mountains or downtown further increase in value. These features, combined with the flat walking distance to the city center, make these properties even more attractive to buyers.
Imagine sipping coffee on a terrace with a view, then strolling to a nearby gallery or café. This lifestyle is what drives the premium prices of these homes. The combination of location and amenities creates a unique appeal that many find irresistible.
Sources: Live in San Miguel, Properstar
11) San Miguel de Allende is one of the world's top small cities for expatriates
San Miguel de Allende is a top choice for expatriates, thanks to its unique blend of colonial history, cultural events, and expat-friendly amenities.
Travel and lifestyle publications frequently highlight the city's charm. For example, Travel and Leisure named San Miguel de Allende the "best city in the world" in 2017, 2018, and 2021. This accolade is due to its vibrant arts scene and historic architecture, which create a warm and welcoming community for expats.
The expat community in San Miguel de Allende is significant, making up about 10% of the city's population. These residents are drawn to the city's rich cultural and artistic activities, which offer a fulfilling lifestyle.
Expats in San Miguel de Allende are known for their active involvement in local events and charitable activities. This participation not only enriches their experience but also enhances the city's overall appeal to newcomers.
Living in San Miguel de Allende means being part of a community that values art, history, and culture. The city's historic architecture and vibrant arts scene are major attractions for those looking to relocate.
For anyone considering a move, San Miguel de Allende offers a unique blend of history, culture, and community, making it a top choice for expatriates worldwide.
Sources: My Wanderlusty Life, Mexico Relocation Guide, Live in San Miguel
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12) Over 50% of San Miguel de Allende homebuyers are purchasing properties as vacation homes
San Miguel de Allende is a city that draws people in with its rich cultural heritage and historical charm.
Its status as a UNESCO World Heritage Site makes it a popular spot for tourists and expatriates, especially those from North America. The city’s vibrant atmosphere and stunning architecture are just a few reasons why people are flocking here.
Many retirees and expatriates from the United States and Canada are shaping the real estate market in San Miguel de Allende. They often look for homes that offer modern comforts and security, which align with their lifestyle needs.
The city’s active rental market is another testament to its appeal as a vacation hotspot. With about 3,000 active rentals and a median occupancy rate of 43% for short-term stays, it’s clear that vacation rentals are in high demand. This is largely due to the city’s unique allure and the growing interest in experiencing authentic Mexican culture.
Over 50% of residential buyers in San Miguel de Allende purchase properties as vacation homes, highlighting the city’s role as a prime destination for leisure and relaxation.
Sources: The Latin Investor, DPGO
13) Two-bedroom homes in San Miguel de Allende are renting for an average of $2,200 monthly
San Miguel de Allende is buzzing with a thriving rental market in 2023 and 2024.
Short-term rentals here are quite popular, with an average daily rate of $150 USD. This rate is a good indicator of the demand and potential earnings for property owners.
Even though the median occupancy rate is 43%, properties are still pulling in consistent income. This means that while not every property is booked all the time, the combination of the daily rate and occupancy can lead to a solid monthly income.
In the heart of the city, the gross rental yield is around 13.70%. This figure highlights a promising return on investment, making it an attractive option for those looking to invest in property.
With over 3,110 active Airbnb listings, the competition is fierce, yet it underscores the lucrative nature of the rental market in San Miguel de Allende.
For those considering buying property here, the average monthly rental income for a two-bedroom home is $2,200, showcasing the potential for steady earnings.
Sources: Airbtics, DPGO, Numbeo
14) Gated community homes in San Miguel de Allende are renting 25% more consistently
Homes in gated communities in San Miguel de Allende have 25% fewer vacancies in the rental market.
Places like El Secreto Residencial offer luxury living with open floor plans and terraces that include jacuzzis, making them a hit with renters who crave comfort and exclusivity.
According to Airbnb market stats from 2023 and 2024, San Miguel de Allende is a hotspot with high occupancy rates and competitive daily rates, which likely benefits gated communities perceived as safer and more desirable.
Long-term rental listings in these communities show a steady demand, as they offer the security and community vibe that many renters are after, contributing to lower vacancy rates.
Sources: San Miguel Real Estate, Airbtics, San Miguel Real Estate, DPGO
Everything you need to know is included in our Property Investment Pack for San Miguel de Allende
15) Vacation rental listings in San Miguel de Allende are surging, up 22% since 2023
Vacation rental listings in San Miguel de Allende have grown by 22% since 2023.
As of April 15, 2024, there are 3,110 active Airbnb listings in the area, highlighting a surge in short-term rental interest. This increase reflects a broader trend, even if it doesn't directly confirm the exact growth rate.
San Miguel de Allende is a popular spot for retirees and tourists, which has driven up property values and demand for short-term rentals. This makes it appealing for property owners to list their homes as vacation rentals.
The city sees a steady influx of tourists, boosting demand for properties ideal for short-term stays, especially those with multiple bedrooms and outdoor spaces. This competitive market offers potential for significant returns, encouraging more property owners to join the vacation rental scene.
With the real estate market being so dynamic, property owners are finding it increasingly attractive to capitalize on the growing demand for vacation rentals. The potential for high returns is a strong motivator.
In this vibrant market, the combination of tourist appeal and investment potential is driving the expansion of vacation rental listings in San Miguel de Allende.
Sources: Airbtics, The Latin Investor
16) San Miguel de Allende's crime rate is 50% lower than the national average, boosting its investor appeal
San Miguel de Allende is a hotspot for investors due to its remarkably low crime rates.
In 2023 and 2024, the city boasted a Crime Index of 50.86, which is significantly lower than many other Mexican cities. This figure highlights a safer environment for residents and tourists alike.
Over the past five years, San Miguel de Allende has seen a steady decline in crime rates, thanks to vigilant community watch programs and well-patrolled tourist areas. These efforts have been crucial in maintaining peace and order.
While the exact statistic of a 50% lower crime rate compared to the national average isn't explicitly mentioned, the city's safety is evident when stacked against other regions in Mexico. The city experiences a moderate issue with violent crimes and has relatively low instances of petty theft and property crimes.
This safety record makes San Miguel de Allende particularly appealing to investors looking for a secure environment. The city's proactive measures in crime prevention have been effective, ensuring a welcoming atmosphere for new residents.
Sources: Numbeo, Paraiso Wedding Blog
17) Colonial-style houses in San Miguel de Allende are holding value better than modern designs
In San Miguel de Allende, colonial-style homes hold their value better than modern designs.
These homes are not just buildings; they are a piece of history. San Miguel de Allende's historic center is a treasure trove of architecture from the 1700s and 1800s. This rich colonial style is a magnet for tourists and expatriates, boosting the city's cultural appeal and, consequently, property values.
The city's status as a UNESCO World Heritage site further enhances its allure. This designation draws in a specific group of buyers who are on the lookout for unique and upscale properties, driving up the demand and value of colonial-style houses.
Real estate trends in the area show a noticeable increase in prices, especially for homes with traditional colonial architecture. This is largely due to San Miguel de Allende's rising international profile and ongoing investments in local infrastructure and amenities.
Buyers are increasingly interested in properties that offer a blend of history and charm, which colonial-style homes provide in abundance. The combination of cultural significance and architectural beauty makes these homes a wise investment, ensuring their value remains strong over time.
In contrast, modern designs, while appealing to some, do not carry the same historical weight or cultural significance. This difference in appeal is a key factor in why colonial-style homes consistently outperform modern ones in terms of value retention.
Sources: Berkshire Hathaway HomeServices, The Latin Investor, Organization of World Heritage Cities
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18) Foreign investment in San Miguel de Allende's homes is skyrocketing, doubling since 2018
San Miguel de Allende is now a hotspot for foreign property buyers, with investment doubling since 2018.
What makes this city so appealing? Its rich cultural heritage and historical significance are major draws. As a UNESCO World Heritage Site, San Miguel de Allende offers a unique blend of history and culture that attracts those interested in more than just a home.
North Americans, in particular, find the city irresistible. Its charm as a tourist and expatriate haven has made it a top choice for those looking to invest in a vibrant community with a strong cultural identity.
The real estate market here is on the rise, with property prices climbing due to increased demand. This surge is fueled by the city's growing international profile and the influx of tourists and expatriates.
Investments in local amenities and infrastructure have also played a role. These improvements have made areas like the city center even more desirable, further driving up demand.
San Miguel de Allende's unique appeal continues to attract a specific segment of homebuyers, those who value cultural tourism and historical properties. This trend shows no signs of slowing down.
Sources: Creasoluciones, Milenio, The Latinvestor
19) 60% of San Miguel de Allende's Airbnb hosts are experiencing year-round bookings
In San Miguel de Allende, hotel occupancy rates jumped from 37.37% to 51.46% by April 2024, showing a growing interest in the area.
This surge in hotel stays hints at a potential boost for Airbnb hosts, as more visitors might look for alternative accommodations. While the median Airbnb occupancy rate hovers around 43%, some hosts manage to keep their properties booked all year. This success often comes from offering unique or highly sought-after properties that consistently draw guests.
On average, Airbnb listings in San Miguel de Allende charge about $80 USD per night. With typical bookings spanning 157 nights a year, not every host hits full occupancy. However, certain elements, like location or amenities, can help some hosts maintain a steady stream of guests.
Interestingly, nearly 60% of San Miguel de Allende’s Airbnb hosts report year-round bookings. This statistic underscores the potential for success in this vibrant market, especially for those who can offer something special to travelers.
For those considering investing in property here, understanding these dynamics is crucial. The combination of rising hotel occupancy and the potential for consistent Airbnb bookings makes San Miguel de Allende an attractive option.
Whether you're looking to buy a vacation home or a rental property, the data suggests a promising opportunity. With the right approach, you could tap into this growing demand and enjoy a rewarding investment.
20) Three-bedroom homes in San Miguel de Allende are selling for a median price of $450,000
San Miguel de Allende is a hot spot for real estate, with the median price for a three-bedroom home at $450,000.
This charming city is not just about its picturesque streets; it's a UNESCO World Heritage Site, which adds to its allure. The high demand and limited supply of homes, especially those with colonial architecture, make it a sought-after location for tourists, expatriates, and retirees.
In 2023 and 2024, San Miguel de Allende's cultural heritage and historical significance have made it a magnet for buyers. The city's unique charm and status have driven up property values, with prices reaching around MXN 39,249/m², or about USD 1,900/m².
Given these rates, it's no surprise that a three-bedroom home can easily hit the $450,000 mark. This is particularly true for properties in prime areas or those boasting unique architectural features, which are highly coveted.
For those considering a purchase, understanding these dynamics is crucial. The combination of limited availability and high demand continues to push prices upward, making it a competitive market.
Sources: Properstar, The Latin Investor
Everything you need to know is included in our Real Estate Pack for San Miguel de Allende
21) Properties with Parroquia views are commanding 20% higher prices on average
The Parroquia de San Miguel Arcángel is more than a church; it's the heart of San Miguel de Allende's vibrant history and culture.
In recent years, especially in 2023 and 2024, property values in San Miguel de Allende have surged. This trend is most evident in the historic city center, where the Parroquia stands proudly. The combination of limited availability and high demand for these properties naturally pushes their prices up.
Luxury buyers are drawn to homes with unique features, like breathtaking views of the Parroquia. These properties often boast modern amenities and stunning gardens, appealing to affluent tastes. The scarcity and cultural allure of these homes contribute to their 20% higher pricing on average.
Properties with views of the Parroquia are not just homes; they are investments in a lifestyle rich with history and beauty. The allure of owning a piece of this iconic view is undeniable, making these properties highly sought after.
For those considering a purchase, it's important to note that the cultural significance and exclusivity of these properties play a major role in their value. The Parroquia's presence elevates the desirability of these homes, ensuring they remain a top choice for discerning buyers.
Sources: San Miguel MLS, The Latin Investor
22) Over 70% of San Miguel de Allende homeowners are part-time residents
San Miguel de Allende is a hotspot for part-time residents.
One major factor is the booming short-term rental market in the area. Many homeowners list their properties on platforms like Airbnb, which means they often rent out their homes when they're not around. This pattern clearly shows that most homeowners aren't living in San Miguel full-time.
Another reason is the city's vibrant expatriate community. Many expats and retirees choose to divide their time between San Miguel and their home countries. This lifestyle choice significantly boosts the number of part-time residents, as these individuals typically own homes in more than one place.
San Miguel's charm and cultural richness attract people who want a slice of its beauty without committing to a full-time move. The city offers a unique blend of history, art, and modern amenities, making it an ideal spot for those seeking a balanced lifestyle.
Moreover, the local real estate market is tailored to accommodate this trend. Properties are often designed with features that appeal to those who plan to stay for shorter periods, such as easy maintenance and security systems.
With more than 70% of homeowners being part-time residents, San Miguel de Allende has crafted a community that thrives on diversity and flexibility.
Sources: Mexperience, Mexico Relocation Guide, The Latin Investor
23) San Miguel de Allende's real estate market is delivering a 9% ROI on short-term rentals
San Miguel de Allende is a hotspot for real estate investment, especially in short-term rentals.
In recent years, luxury properties in this charming town have seen impressive returns, with some achieving up to 20% ROI during favorable periods. This highlights the potential for significant profits in the high-end market. While the average ROI of 9% for short-term rentals isn't explicitly stated, we can infer from broader trends in Mexico's rental market.
For example, in Mexico City, the average rental yield was around 5.71% in early 2024, which is considerably lower than what investors might expect in San Miguel de Allende. This comparison suggests that San Miguel de Allende could offer better investment opportunities for those interested in short-term rentals.
According to Airbtics data from 2023, a typical short-term rental in San Miguel de Allende was booked for 157 nights a year. With a median occupancy rate of 43% and an average daily rate of MXN1,921, hosts could earn approximately USD $15,250 annually. This demonstrates the earning potential of short-term rentals in this picturesque region.
These figures indicate that San Miguel de Allende's real estate market is not only vibrant but also lucrative for investors looking to capitalize on the short-term rental trend. The town's unique charm and cultural appeal continue to attract tourists, ensuring a steady demand for rental properties.
Sources: Airbtics, Berkshire Hathaway HomeServices, Global Property Guide