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Merida, Mexico

Real Estate in Merida, Mexico

By Joshua Wood, LPC

Last updated on Jul 08, 2023

Summary: The most desirable neighborhoods in Merida, Mexico are Centro, Santiago, and Santa Ana. The average cost to buy a nice 2 bedroom home in Merida is around $150,000 USD and a nice 3 bedroom home is around $200,000 USD. These properties typically include modern amenities such as air conditioning, high-speed internet, and a private pool. Foreigners are allowed to own property in Merida, however, they must obtain a permit from the Mexican government. The best way for an expat to search for a home to buy in Merida is to use a real estate agent who is familiar with the area and can provide advice on the best neighborhoods and properties. Additionally, expats should research the local market and compare prices to ensure they are getting the best deal.

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How do I find a place to live in Merida?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"We wanted to be in the city, near the center. And we wanted a home that was old and renovated. We found lots of homes to choose from," said one expat who made the move to Merida.

"Merida is made up of the Centro area (downtown) and then many different neighborhoods which are called colonies and Fracc's. We were told by a realtor that many expats move to the North Merida area, which is nice and very safe with many stores and restaurants. He said anything above Calle 59 is good. We ended up finding a place in a small neighborhood called San Pedro Uxmal. I don't think there are many expats there, but the home had everything we wanted and the price was good. We are very happy there," explained one foreigner living in Merida, Mexico.

"After studyinng the market here for 2 1/2 years and debating renting or buying, we learned a lot about neighborhoods. And we learned the best way to figure out where you want to be is to come down and go airbnb for a while in different neighborhoods to figure out what you want. For those of us on a budget, Norte and Santiago are much too expensive and the father you go from Centro prices fall dramatically. We just bought a house and it was only after looking at very many and being ready to pounce on one that was significantly reduced in price and in excellent condition. Those go very quickly. Even renting, remember if you don't like the neighborhood, you're stuck for a year usually," said one in Merida.

"I live in a large furnished studio with good sized kitchen with pantry (full size appliances), true dining area (room for 6-8) living area with sofa, coffee table and 2 chairs and nice sized bedroom area. It has a yard with parking and outside dining and is fully air conditioned. It's actually the ground floor of a 2 story house so it's larger than most studios IME. Including my power, water, garbage, gas and WIFI, it's under $400 USD per month. Outside my front door is a park and 2 more parks are within 3 blocks in opposite directions. It's a great neighborhood away from downtown but still has every kind of business within a 5 minute walk. A really nice mall is 2.4 miles away and it's dog-friendly! I've lived in 3 different neighborhoods in Merida, Yucatan, Mexico including Centro and this is by far my favorite! FYI, my AC runs 24/7/365. It's clean, quite, walkable and has green spaces," explained one expat in Merida.

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About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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