Real Estate in Mazatlan, Mexico
Last updated on Apr 03, 2023
Summary: The most desirable neighborhoods in Mazatlan, Mexico are Centro Historico, Cerritos, El Cid, Marina El Cid, and Las Gaviotas. On average, a nice 2 bedroom home in Mazatlan costs around $150,000 USD, while a nice 3 bedroom home costs around $200,000 USD. These properties typically include modern amenities such as air conditioning, a fully equipped kitchen, and a private terrace or balcony. Foreigners are allowed to purchase property in Mazatlan, however, they must obtain a permit from the Mexican government in order to do so. When searching for a home to buy in Mazatlan, it is best to consult with a local real estate agent who is familiar with the area and can provide advice on the best neighborhoods and properties available. Additionally, it is important to research the local market and compare prices to ensure that you are getting the best deal.
How do I find a place to live in Mazatlan?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"If you are looking for a place to live in Mazatlan, the best way to find one is to start by doing some online research. You can look into local listings on websites like Airbnb, HomeAway, and Vrbo, or check online classifieds like Craigslist and Kijiji. You can also ask around to see if friends or colleagues know of any available properties. Additionally, many local newspapers and magazines feature real estate listings that may be of interest to you," explained one expat living in Mazatlan, Mexico.
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What is a typical expat home or apartment like in Mazatlan?
"Expats living in Mazatlan typically live in comfortable homes and apartments, often within walking distance of the beach. Many properties feature a modern interior, boasting plenty of natural light through large windows and balconies offering picturesque views of the sea. Expat homes are typically equipped with modern amenities, such as air conditioning, WiFi, and plenty of space to welcome visitors. Furniture, such as sofas, dining tables, and beds, are also often included," said one person in Mazatlan.
What is the average cost of housing in Mazatlan?
If you are thinking about moving to Mazatlan, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Mazatlan can vary widely depending on location, size, and amenities. Generally, buying a condo in the city center is more expensive than living outside the city center, while renting can be roughly the same price in either location. On average, a one-bedroom apartment typically costs around $200–400 USD a month, while a two- or three-bedroom can range from $450–1,000 USD a month or higher for more luxurious homes," remarked one member in Mazatlan.
Should I buy or rent a home in Mazatlan?
If you have not spent a lot of time in Mazatlan, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"We bought a house. It was not easy, but with a good realtor and notario not impossible. Living near the coastline, we had to purchase a fideicomiso (bank trust) and that was expensive," said one person in Mazatlan.
"Buying a home in Mazatlan could prove to be a very smart decision if you are looking for a place to call home. The prices of homes in the area are much lower than in many other areas of Mexico, as well as other countries. The climate in Mazatlan is also a very attractive draw for many potential homeowners. The cost of renting a home in Mazatlan may be less than buying a home, but if you plan to stay for an extended period of time, the cost of rentals will eventually add up. Buying a home also gives you more options to own a part of a more desirable area. Additionally, long-term renting with the same landlord may not always guarantee the same terms and amenities as when you buy your own home. Therefore, buying a home in Mazatlan could be the right choice for someone looking to settle down in this area," said one expat who made the move to Mazatlan.
What do I need to know when buying property in Mazatlan?
When we asked expats what advice they would give a foreigner before buying a property in Mazatlan, they said:
"1. Before you buy any property in Mazatlan, it is a good idea to research the local laws and regulations affecting real estate transactions. 2. You should also check with the local government and seek any advice from qualified individuals who have experience in dealing with Mexican property laws. 3. Consider hiring an experienced Mexican lawyer to help ensure you understand all the legal aspects of the process. 4. Make sure you are adequately insured to protect yourself financially should any unforeseen circumstances arise with the property. 5. Ensure there are no underlying liens or debt obligations on the property when you purchase it. 6. Be aware of the Mexican Peso exchange rate as it can fluctuate. 7. Be prepared to pay all the applicable taxes and fees associated with purchasing a property in Mazatlan. 8. Be aware of property ownership limits when buying in Mazatlan, as it may be subject to restrictions based on Mexican nationality rules. 9. Be aware that it is not common to buy real estate in Mexico through a mortgage," said one in Mazatlan.
Are foreigners allowed to own property in Mazatlan?
When we asked expats what advice they would give a foreigner before buying a property in Mazatlan, they said...
"Yes, foreigners are allowed to own property in Mazatlan. The Mexican Constitution guarantees the right of foreigners to own property in Mexico, as long as certain restrictions are followed. Foreigners are not allowed to own property within a certain distance of the coast or the border, but they can purchase property in other areas. In order to purchase property, foreigners must obtain a permit from the Mexican government, known as a Fideicomiso. This permit allows the foreign buyer to own the property in their own name, but the Mexican government holds the title to the property," said one person in Mazatlan.
What appliances are typically included in a rental?
We asked foreigners in Mazatlan what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Mazatlan typically include a refrigerator, oven/range, and washing machine. Additionally, many properties come with air conditioning, and some may include basic furnishings such as sofas, chairs, and tables," said one expat in Mazatlan.
Additional Information about Searching for a Home in Mazatlan:
We asked foreigners in Mazatlan what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Mazatlan by looking online for real estate listings, contacting local real estate agents, and asking other expats for recommendations. Additionally, expats can attend open houses and visit neighborhoods to get a better sense of the area," said one in Mazatlan.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
Additional Information:
- Expat Guide to Mazatlan
- Healthcare & Health Insurance in Mazatlan
- Best Bookstores and Libraries in Mazatlan
- Public Transportation in Mazatlan
- Best Markets in Mazatlan
- Retire in Mazatlan Guide
- 7 Tips for Living in Mazatlan
- Pros & Cons of Living in Mazatlan
- Tips for Expats Driving in Mazatlan
- Cost of Living in Mazatlan
- Health Care in Mazatlan
- The Essential Guide to Mazatlan
- Healthcare & Health Insurance in Mexico
- Best Places to Live in Mexico
- 12 Best Places to Live in Mexico
- Pros and Cons of Living in Mexico 2024
- 2024 Guide to Moving to Mexico
- Members Talk about the Cost of Living in Mexico