The typical owner-occupied home in Mexico is worth about $108,400, 50% below the Indiana median of $218,200 and 67% below the national median of $332,700. The median household earns $87,635 a year, so the median home costs 1.2 times the median income (3.0 times for Indiana). 85% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Mexico at a glance
| Mexico | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $108,400 | $218,200 | $332,700 |
| Median property tax paid per year | – | $1,614 | $3,119 |
| Median household income | $87,635 | $71,957 | $80,734 |
| Homes lived in by their owners | 85% | 71% | 65% |
| Owner homes with a mortgage | 49% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $777 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 13.2% | 18.1% | 21.0% |
| Median rent | – | $1,062 | $1,413 |
| Median year homes were built | 1956 | 1976 | 1980 |
| Vacant homes | 13.9% | 8.8% | 10.1% |
| Population | 906 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Mexico
At this week's average 30-year rate of 7.11%, buying the median Mexico home of $108,400 with 20% down costs about $728 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $908, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $31,196 for the 20%-down payment. That payment is 10% of the median Mexico household income of $87,635; at that income and 20% down, the 28% guideline points to a home of about $305,000.
| Down payment | $21,680 |
|---|---|
| Loan amount | $86,720 |
| Principal and interest | $583 |
| Property taxes (1.10% a year) | $99 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| PMI | $0 |
| Total per month | $728 |
Change the numbers in the calculator
| Down payment | $3,794 |
|---|---|
| Loan amount | $106,437 |
| Principal and interest | $716 |
| Property taxes (1.10% a year) | $99 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| FHA mortgage insurance | $48 |
| Total per month | $908 |
Change the numbers in the calculator
Questions about home buying in Mexico
What is the median home value in Mexico?
About $108,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Mexico?
For the median home with 20% down at 7.11%, the payment is about $728 a month. Keeping that under 28% of gross income takes about $31,196 a year.
More about Mexico
- Mortgage Refinance in Mexico
- Debt Relief in Mexico
- Home Equity Loans in Mexico
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data