Finding a House in Mexico – What are My Options? Lots! We have lived in Mexico for over seven years and in two different cities in the state of Michoacan. Our experience doesn’t give me any room to speak for beach locations or popular expat destinations like Lake Chapala or San Miguel de Allende, but I can show you what our homes in Central Southern Mexico, the mountain region, look like. And I can give you details on our rent and the whole experience in general. Keep reading for information on all six of our homes thus far. Yes, I said 6…
When we moved to Mexico in 2013 the peso was about 12.50 to 1 USD. It has changed considerably since then! Today it is 20.27 pesos to 1 USD. You can understand that the exchange rate makes a significant difference in what you will pay to rent a house in Mexico. That is something to keep in mind when you move to another country. The fluctuation in exchange rates.
In my opinion, rental prices in pesos for a house in Michoacan, Mexico have not changed much in the last seven years that we have lived here. Perhaps that is because of the loss of value in the peso compared to the USD. I honestly don’t know. Maybe it is just in our current city of Uruapan, where we have been living for the last six years. Either way, it bodes well for those of us that live off the USD.
This was our first house in Mexico. We paid 8500 pesos for this three-bedroom, four-and-a-half-bath home in 2013. At that time our cost was about 660 USD. Today that cost would be about 419 USD.
Our second house in Mexico was 6000 pesos a month. We had three bedrooms plus a schoolroom and we shared one and a half baths. With this home, we saved about 2500 pesos in rent which in late 2014 was about 200 USD per month. At today’s exchange rate 6000 pesos is about 296 USD. This house was the one that appeared on House Hunters International with us. You can find that post here.
We moved to our third house in Mexico because we changed cities. We paid 7500 pesos a month for this home, which was a three-bedroom and two and a half bath, plus a service room and separate bath. In 2015 the exchange rate was about 15 pesos to 1 USD. That would have been about 500 USD. At today’s exchange rate that is about 370 USD. We were only here a few months! Click here to find out why.
Our fourth house in Mexico was a quick decision because we only had two weeks to move. We were only here for one year because the landlady would not make any repairs on the house. For this home, we also paid 7500 pesos or about 500 USD a month. At today’s exchange rate that would be about 370 USD.
This fifth house in Mexico was by far my favorite. I think the whole family would agree. We moved here in mid-2016. We lived here for over three years and the only reason we moved was that our landlord decided to sell the house. We paid 6000 pesos a month which was pretty much a steal for this size house. As of today’s exchange rate that would be about 300 USD. This house had a two-car garage, five bedrooms, and four and a half baths.
Our sixth house in Mexico cost us 8500 pesos a month. Again that would be about 419 USD at today’s exchange rate. We had three bedrooms and two and a half baths. We only lived here six months before our landlord decided to sell the house. This rental was not a good decision. I wrote an in-depth post on my opinion of fraccionamientos after this experience. You can find it here.
So yeah, we have lived in a lot of homes in Mexico. It would be nice to find one home and stay there a while. I am pretty tired of moving as you can imagine. Why don’t we buy a home? Because we like the freedom to get up and go if the need be. And on several occasions, the need has arisen. So here we are, becoming pros at finding a house in Mexico. At least we can share our knowledge with you. If you have a question for me, be sure to ask me below. Signing off until the next house, Tina ;-)
Originally published January 27, 2021
A ridiculous amount of coffee was consumed in the process of creating this project. Add some fuel if you'd like to keep me going ;-) Gracias!