Housing market · September 2026

Morelia housing market

What it costs to buy and rent in Morelia, Mexico, computed from 6,860 continuously monitored listings.

TuLugar Price Index

$1,720/m²

Price per m² (sale)

2-bedroom apartment

$174,639

Median apartment rent

$876/mes

Monitored listings

6,860

Price history in Morelia

Apartment price per m² and whole-inventory median sale price, in USD. Apartments only, so the series always compares the same kind of property month to month. Where a neighborhood has no apartments for sale the $/m² column is left empty; the median sale price beside it still carries the month. A published month is only recomputed for a stated reason, and that month’s report says so. · Download CSV

Series since August 2026. The first monthly variation is published with the following month's close.

MonthPrice per m²MoMQoQYoYMedian sale
August 2026$1,747———$235,707

Neighborhoods

Apartment prices: median sale, $/m² and rent. “Listings” counts the whole inventory.

#City / NeighborhoodListingsApt. sale$/m²MoMYoYApt. rent
1
Villas del PedregalView →
15—————
2
La HaciendaView →
7—————
3
Tenencia Sta Maria de GuidoView →
6—————
4
Heroes de la NaciónView →
2—————
5
Constituyentes de Apatzingan de 1814View →
1—————

By property type

TypeListingsMedian sale$/m²*
ApartmentsView →
55710%$190K$1,747
HousesView →
3,84768%$260K$1,282
LandView →
1,07919%$144K$389
CommercialView →
1723%$302K$1,017

*Apartment and house m² is built area; land m² is the plot. A house enters its $/m² only when the source reports built area. This page’s headline uses apartments only.

By bedroom count — Apartments

ApartmentslistingsMedian$/m²
Studiono data——
1 bedroom24$146K$2,173
2 bedrooms317$175K$1,825
3 bedrooms181$257K$1,573
4 bedrooms14$403K$1,424
5+ bedrooms3——

By bedroom count — Houses

HouseslistingsMedian$/m²
Studio1——
1 bedroom28$136K$1,099
2 bedrooms270$87K$876
3 bedrooms1,950$231K$1,285
4 bedrooms1,149$321K$1,343
5+ bedrooms380$409K$1,158

By lot size — Land

Price per m² varies dramatically between urban lots and rural plots. We show each category separately so the median represents something concrete.

By lot size — LandlistingsMedian$/m²
Urban lot< 500 m²583$102K$519
Residential plot500 – 2,000 m²230$334K$332
Suburban estate2,000 – 10,000 m²115$612K—
Rural / farm> 1 ha49$1M—

Price distribution

How many listings fall in each price range (USD).

Price distribution — sale

<$50K
476
$50K-$100K
525
$100K-$200K
1367
$200K-$500K
2386
$500K-$1M
561
>$1M
316

Price distribution — rent

<$300
53
$300-$600
131
$600-$1K
278
$1K-$2K
380
$2K-$5K
231
>$5K
98

Projects

New developments with available units.

Active developers

Companies with active projects here.

Hogares Roai· 206

Frequently Asked Questions about Morelia

In Morelia, the median asking price of an apartment for sale is $190K. By type: apartments $190K, houses $260K, land $144K. The neighborhood with the most supply is Villas del Pedregal, where the median apartment costs —. The median apartment price per square meter is $1.720/m² — useful for comparing real value across neighborhoods and with other cities in the region.
The neighborhoods with the most real estate activity in Morelia are Villas del Pedregal, La Hacienda, Tenencia Sta Maria de Guido, Heroes de la Nación, Constituyentes de Apatzingan de 1814. Villas del Pedregal leads with 15 properties and a median apartment price of —. When choosing a neighborhood, think about commute distance, public transit access, nearby amenities (grocery, healthcare, schools), and your budget. A good quality-of-life indicator is rental availability — neighborhoods with more rentals tend to have better infrastructure and services.
It depends on how long you plan to stay. With a median apartment price of $190K and a median apartment rent of $876/mo, the price-to-rent ratio in Morelia favors buying if you're staying 3+ years. There are currently 5655 properties for sale and 1205 for rent — solid supply that gives buyers negotiating leverage. If you're new to the city, renting first lets you explore neighborhoods before committing to a purchase.
The Morelia market has 6860 monitored properties, with a median apartment price of $190K and a median apartment price per m² of $1.720/m². With 5655 properties for sale, the current supply is high — which is good for buyers: more options to choose from and more room to negotiate on price and payment terms. If you're looking for investment value, compare price per m² across neighborhoods to spot the best opportunities.
Yes, with no restrictions whatsoever. Foreigners in Mexico have the exact same rights as citizens to purchase any type of property, including land. You don't need residency or a special visa. The purchase is formalized through a public notary, who verifies the title, drafts the contract, and registers it with the Public Registry. Closing costs are around 3-4% of the property value (notary fees, transfer tax, and registration fees). Many foreign investors also apply for temporary residency, which is relatively easy to obtain in Mexico.

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Methodology

This page analyzes 6,860 listings in Morelia, Mexico.

Metrics are calculated from the active inventory TuLugar monitors across the market — both listings published on TuLugar and active agency supply tracked continuously. They are asking prices, not final transaction or closing prices.

We use medians to reduce the effect of outlier properties; $/m² only includes listings with valid area data. Prices in other currencies are converted to USD using the exchange rate available when the snapshot is refreshed.

Data is recalculated daily and can change when listings are published, updated, or deactivated.

Read the full methodology →

Data as of 2026-09-20 · refreshed 2026-09-20 03:00 UTC