Puerto Vallarta Market Insights
Puerto Vallarta's real estate market is bustling, with a population of over 300,000 people. It offers a variety of properties, appealing to both vacationers and permanent residents. The average price of a home in Puerto Vallarta is around $750,582 USD, providing attractive opportunities for buyers. The rental market is equally dynamic, with an average rent of $1,095 per month for a 1-bedroom apartment in the city. Currently, there are approximately 26 homes of all types for sale, showcasing Puerto Vallarta's diverse and active real estate landscape.
Cost of Living in Puerto Vallarta
Compared to New York City, Puerto Vallarta'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 Puerto Vallarta's city center averages at $1094.71, while a domestic beer typically costs around $2.31. Basic utilities for a standard apartment are approximately $95.07 per month. If you’re looking to buy, the average price per square foot for real estate in Puerto Vallarta is $361 whereas in NYC you'll pay more like $1,472.
These figures make Puerto Vallarta an appealing destination for those seeking a more cost-effective living environment without sacrificing quality of life.
Puerto Vallarta Migration & Tourism
Puerto Vallarta continues to be a major tourist destination, with tourism in 2022 reaching 1.7 million visitors. In 2023, this number increased by 8.25%, showcasing a significant rise in tourism. This growth is a testament to Puerto Vallarta’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 Puerto Vallarta, leading to a steady flow of new residents and property investors.
Climate & Weather in Puerto Vallarta
Puerto Vallarta boasts a tropical climate with an average temperature of 31°C (88°F) in July and a milder 24°C (75°F) in January. This year-round warmth and sunshine make Puerto Vallarta 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 Puerto Vallarta Housing Market
Picture yourself in one of the below real estate listings from Puerto Vallarta by viewing photos and video of the current listing. There are 15 condos, 8 single family homes and 0 pieces of land for sale, currently in Puerto Vallarta.
