Can You Make Money Renting Out Your Property in Mérida? A Rental Market Overview
As Mérida grows in popularity with expats, remote workers, and retirees, many investors are asking: Can you really generate rental income here? Let’s explore the numbers, market segments, and opportunities.
1. Long-Term vs. Short-Term Rentals
Long-Term: Monthly leases (6–12 months) are in high demand for furnished homes in gated communities and historic Centro.
Short-Term: Airbnb rentals thrive during peak seasons (Dec–April), with cultural tourism and snowbirds fueling bookings.
2. Target Tenants
Digital nomads seeking 1–3 month stays with Wi-Fi, AC, and a home office setup.
Retirees “testing the waters” before committing to a permanent move.
Medical tourists and conference attendees.
3. Average Rental Yields
Long-term furnished properties in premium areas like Temozón Norte or Yucatán Country Club can earn 6–8% annually.
Short-term rentals can yield 10–12%, especially with strategic pricing and high occupancy.
4. Occupancy Trends
Mérida has strong off-season performance due to a growing local professional class and university population. Plus, many snowbirds book months in advance.
5. Legal & Tax Considerations
Foreigners can legally rent out property in Mexico. You’ll need to declare income and may want to consult with a local tax advisor or property manager for compliance.
6. Property Management
Local firms offer full-service packages—including listing, cleaning, guest check-ins, and maintenance—making it easy to manage remotely.
“Yes, you can make money renting in Mérida”
With the right strategy, location, and marketing, your Yucatán investment can be both a lifestyle upgrade and a profitable asset. Get free advice before paying.
