Cabo San Lucas Market Insights
Cabo San Lucas's real estate market is bustling, with a population of over 350,000 people. It offers a variety of properties, appealing to both vacationers and permanent residents. The average price of a home in Cabo San Lucas is around $1,261,931 USD, providing attractive opportunities for buyers. The rental market is equally dynamic, with an average rent of $964 per month for a 1-bedroom apartment in the city. Currently, there are approximately 42 homes of all types for sale, showcasing Cabo San Lucas's diverse and active real estate landscape.
Cost of Living in Cabo San Lucas
Compared to New York City, Cabo San Lucas's Cost of Living is around 37% cheaper all around, indicating a more affordable lifestyle than in NYC. The price of rent for a 1-bedroom apartment in the Cabo San Lucas's city center averages at $964.22, while a domestic beer typically costs around $4.48. Basic utilities for a standard apartment are approximately $66.53 per month. If you’re looking to buy, the average price per square foot for real estate in Cabo San Lucas is $386 whereas in NYC you'll pay more like $1,472.
These figures make Cabo San Lucas an appealing destination for those seeking a more cost-effective living environment without sacrificing quality of life.
Cabo San Lucas Migration & Tourism
Cabo San Lucas continues to be a major tourist destination, with tourism in 2022 reaching 2.2 million visitors. In 2023, this number increased by 8.02%, showcasing a significant rise in tourism. This growth is a testament to Cabo San Lucas’s enduring appeal, driven by its stunning landscapes, vibrant culture, and array of activities. The increase in tourism also positively impacts the local economy and real estate market, as more people are drawn to the beauty and lifestyle of Cabo San Lucas, leading to a steady flow of new residents and property investors.
Climate & Weather in Cabo San Lucas
Cabo San Lucas boasts a tropical climate with an average temperature of 35°C (95°F) in July and a milder 19°C (66°F) in January. This year-round warmth and sunshine make Cabo San Lucas an ideal location for those who enjoy outdoor activities and a beach lifestyle. The climate is one of the key factors attracting both tourists and new residents, contributing to the area's popularity and growth.
Current Cabo San Lucas Housing Market
Picture yourself in one of the below real estate listings from Cabo San Lucas by viewing photos and video of the current listing. There are 29 condos, 6 single family homes and 2 pieces of land for sale, currently in Cabo San Lucas.
