Tulum Market Insights
Tulum's real estate market is bustling, with a population of over 40,000 people. It offers a variety of properties, appealing to both vacationers and permanent residents. The average price of a home in Tulum is around $351,800 USD, providing attractive opportunities for buyers. The rental market is equally dynamic, with an average rent of $694 per month for a 1-bedroom apartment in the city. Currently, there are approximately 247 homes of all types for sale, showcasing Tulum's diverse and active real estate landscape.
Cost of Living in Tulum
Compared to New York City, Tulum's Cost of Living is around 39% cheaper all around, indicating a more affordable lifestyle than in NYC. The price of rent for a 1-bedroom apartment in the Tulum's city center averages at $694.24, while a domestic beer typically costs around $3.33. Basic utilities for a standard apartment are approximately $55.12 per month. If you’re looking to buy, the average price per square foot for real estate in Tulum is $268 whereas in NYC you'll pay more like $1,472.
These figures make Tulum an appealing destination for those seeking a more cost-effective living environment without sacrificing quality of life.
Tulum Migration & Tourism
Tulum continues to be a major tourist destination, with tourism in 2022 reaching 1.0 million visitors. In 2023, this number increased by 8.7%, showcasing a significant rise in tourism. This growth is a testament to Tulum’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 Tulum, leading to a steady flow of new residents and property investors.
Climate & Weather in Tulum
Tulum boasts a tropical climate with an average temperature of 29°C (84°F) in July and a milder 23°C (73°F) in January. This year-round warmth and sunshine make Tulum 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 Tulum Housing Market
Picture yourself in one of the below real estate listings from Tulum by viewing photos and video of the current listing. There are 100 condos, 62 single family homes and 68 pieces of land for sale, currently in Tulum.
