Playa del Carmen Market Insights
Playa del Carmen's real estate market is bustling, with a population of over 200,000 people. It offers a variety of properties, appealing to both vacationers and permanent residents. The average price of a home in Playa del Carmen is around $497,629 USD, providing attractive opportunities for buyers. The rental market is equally dynamic, with an average rent of $871 per month for a 1-bedroom apartment in the city. Currently, there are approximately 314 homes of all types for sale, showcasing Playa del Carmen's diverse and active real estate landscape.
Cost of Living in Playa del Carmen
Compared to New York City, Playa del Carmen's Cost of Living is around 34% cheaper all around, indicating a more affordable lifestyle than in NYC. The price of rent for a 1-bedroom apartment in the Playa del Carmen's city center averages at $871.41, while a domestic beer typically costs around $3.47. Basic utilities for a standard apartment are approximately $83.14 per month. If you’re looking to buy, the average price per square foot for real estate in Playa del Carmen is $291 whereas in NYC you'll pay more like $1,472.
These figures make Playa del Carmen an appealing destination for those seeking a more cost-effective living environment without sacrificing quality of life.
Playa del Carmen Migration & Tourism
Playa del Carmen continues to be a major tourist destination, with tourism in 2022 reaching 1.0 million visitors. In 2023, this number increased by 7.24%, showcasing a significant rise in tourism. This growth is a testament to Playa del Carmen’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 Playa del Carmen, leading to a steady flow of new residents and property investors.
Climate & Weather in Playa del Carmen
Playa del Carmen boasts a tropical climate with an average temperature of 28°C (82°F) in July and a milder 23°C (73°F) in January. This year-round warmth and sunshine make Playa del Carmen 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 Playa del Carmen Housing Market
Picture yourself in one of the below real estate listings from Playa del Carmen by viewing photos and video of the current listing. There are 154 condos, 50 single family homes and 78 pieces of land for sale, currently in Playa del Carmen.
