Merida Market Insights
Merida's real estate market is bustling, with a population of over 1,100,000 people. It offers a variety of properties, appealing to both vacationers and permanent residents. The average price of a home in Merida is around $522,847 USD, providing attractive opportunities for buyers. The rental market is equally dynamic, with an average rent of $636 per month for a 1-bedroom apartment in the city. Currently, there are approximately 79 homes of all types for sale, showcasing Merida's diverse and active real estate landscape.
Cost of Living in Merida
Compared to New York City, Merida's Cost of Living is around 32% cheaper all around, indicating a more affordable lifestyle than in NYC. The price of rent for a 1-bedroom apartment in the Merida's city center averages at $636.39, while a domestic beer typically costs around $3.33. Basic utilities for a standard apartment are approximately $91.86 per month. If you’re looking to buy, the average price per square foot for real estate in Merida is $280 whereas in NYC you'll pay more like $1,472.
These figures make Merida an appealing destination for those seeking a more cost-effective living environment without sacrificing quality of life.
Merida Migration & Tourism
Merida continues to be a major tourist destination, with tourism in 2022 reaching 10.0 million visitors. In 2023, this number increased by 7.23%, showcasing a significant rise in tourism. This growth is a testament to Merida’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 Merida, leading to a steady flow of new residents and property investors.
Climate & Weather in Merida
Merida boasts a tropical climate with an average temperature of 34°C (93°F) in July and a milder 26°C (79°F) in January. This year-round warmth and sunshine make Merida 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 Merida Housing Market
Picture yourself in one of the below real estate listings from Merida by viewing photos and video of the current listing. There are 8 condos, 28 single family homes and 43 pieces of land for sale, currently in Merida.
