Last updated on June 26th, 2023
best places to invest in cancun
Key Takeaways
• As the top tourist destination in Mexico, Cancun offers one of the most attractive rental markets in the country. Thanks to this, many Airbnb hosts can generate a nice passive income by managing rental properties.
• Learn what kind of benefits real estate investors can enjoy when investing in Cancun real estate market.
• Discover the most profitable areas around Cancun along with their recommended property types, average prices, and specific Airbnb data.
Introduction
It’s a given fact that Quintana Roo is home to the most charming cities of the Yucatan Peninsula. Among its enchanting areas, we can find Cancun, a vibrant city that offers a distinct cultural and natural appeal.
From a quiet fishing city to a vibrant area that became a top tourist destination in Mexico, Cancun had a remarkable transformation. Now, this city enjoys a unique worldwide reputation, welcoming millions of tourists every year! In fact, Cancun was the second most visited destination in the world in 2021.
Considering these, it’s understandable that Cancun became a strategic market for real estate investors looking to secure a good source of income. However, there’s an important factor that should be considered before taking the next step in your investment – where are the most profitable areas for investment properties in Cancun?
In this article, we’ll feature the best places to Airbnb in Cancun, including the recommended nearby cities. We’ll also mention some of the expectations when investing in real estate in this city. Continue reading to learn more about this article!
Why should you consider investing in Cancun real estate market?
It certainly is a smart move to own investment properties in Cancun since its different neighborhoods can help investors like you build their path toward financial freedom. Cancun is home to striking landscapes, a vibrant social scene, and plenty of cultural sites. But aside from that, what are the advantages that Cancun offers to real estate investors?
Check out some of the reasons why buying an investment property in Cancun is a profitable idea:
Growing economy
Cancun has become a strategic location to invest in as the top tourist destination in Mexico, in fact, tourism is the main driver of the city’s economy. The fishing sector and commerce industries also play a significant role in the financial performance of Cancun. Thanks to this, Cancun has been enjoying a flourishing economy where investors can find plenty of attractive opportunities. On top of that, the city is experiencing rapid growth since more people are looking to relocate here.
Real estate is also a sector on the rise that contributes to Cancun’s economy. The city offers a consolidated real estate market with high demand, which secures the return on investment. Hence, investing in the rental market of Cancun can end up to be rewarding financial experiences to investors.
Enjoy the great living conditions
The vibrant city of Cancun opens the doors to plenty of experiences where residents can enjoy pleasant weather conditions and several leisure activities. You can also have easy access to high-quality amenities, good educational opportunities, and a reliable healthcare system.
On top of that, the local government spares no expenses to improve connecting infrastructure which contributes to the overall good quality of life for its residents. And if that’s not enough, the cost of living in Cancun is also quite affordable!
Plenty of things to do
If you’re an adventure seeker who wants a destination where beauty meets culture, then you will be pleased to visit Cancun! The city offers a wide range of leisure options., So, whether you’re looking to engage in outdoor activities surrounded by nature or visit renowned cultural sites, Cancun will surely have something prepared for you.
Cancun is the perfect destination to practice water sports such as diving and snorkeling! You can also just enjoy a drink while taking a stroll on Cancun’s sand beaches with turquoise waters. On the other hand, if you’re interested in culture, you can’t miss out on visiting the Mayan Museum or one of the archeological sites located nearby the city.
Is Airbnb Profitable in Cancun?
Wondering if real estate investments in Cancun can help you to secure a nice income stream? Don’t worry too much because the answer is yes! In fact, Cancun ranks 2nd in the top places to invest in Airbnb in Mexico according to our previous blog.
Yet, it should be noted that the level of profitability depends on other factors such as your listing’s location and number of bedrooms. Choosing the best type of property type for your Airbnb is just as important.
According to Airbtics’ data, an Airbnb host can expect an average annual revenue of $16,678 (286,977 MXN) and a median occupancy rate of 52% for operating a 1-bedroom property in Cancun.
Best Places to Invest in Rental Properties in Cancun, Mexico
Cancun is the most populous city in the state of Quintana Roo and is divided into several areas with interesting investment opportunities. However, we must note that each area of Cancun can generate different levels of profitability. For this reason, it can be quite a challenge to choose the best place to set up your rental property in Cancun.
Check out the best places to invest in real estate around Cancun recommended for starting an Airbnb business:
5 Best Zones to Invest in Cancun
1. Hotel Zone
- Total Number of Airbnb Listings: 1,152
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $355,000 (6,082,570 MXN)
- Airbnb Annual revenue: $33,136 (567,752 MXN)
- Gross rental yield: 9.33%
2. Cancún Centro
- Total Number of Airbnb Listings: 1,201
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $182,164 (3,121,200 MXN)
- Airbnb Annual revenue: $12,865 (220,420 MXN)
- Gross rental yield: 7.06%
3. East Zone
- Total Number of Airbnb Listings: 508
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): $184,896 (3,168,000 MXN)
- Airbnb Annual revenue: $9,944 (170,381 MXN)
- Gross rental yield: 5.38%
4. South Zone
- Total Number of Airbnb Listings: 980
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): $128,425 (2,200,434 MXN)
- Airbnb Annual revenue: $8,136 (139,402 MXN)
- Gross rental yield: 6.34%
5. Alfredo V. Bonfil
- Total Number of Airbnb Listings: 186
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): $120,000 (2,056,080 MXN)
- Airbnb Annual revenue: $6,526 (111,816 MXN)
- Gross rental yield: 5.44%
Top 3 Cities to Invest near Cancun
1. Playa del Carmen
- Distance from Cancun: 68 kilometers
- Total Number of Airbnb Listings: 8,248
- Best bedroom size: 4 bedrooms
- Median property price (4 bedrooms): $360,000 (6,168,240 MXN)
- Airbnb Annual revenue: $61,146 (1,047,676 MXN)
- Gross rental yield: 17%
2. Tulum
- Distance from Cancun: 131 kilometers
- Total Number of Airbnb Listings: 2,697
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $276,643 (4,740,000 MXN)
- Airbnb Annual revenue: $41,074 (703,762 MXN)
- Gross rental yield: 14.85%
3. San Miguel de Cozumel
- Distance from Cancun: 100 kilometers
- Total Number of Airbnb Listings: 976
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): $345,000 (5,911,230 MXN)
- Airbnb Annual revenue: $34,829 (596,760 MXN)
- Gross rental yield: 10.1%
Summary
Based on the data, we can conclude that Cancun’s real estate market offers plenty of profitable locations with housing options of varied prices that can allow investors to obtain a good return on investment by listing their property on Airbnb. However, it’s also visible that cities located nearby Cancun offer an even greater financial experience to Airbnb hosts.
After finding out the best places to invest in Airbnb in Cancun, go ahead and check Airbtics’ Airbnb calculator. We know that Cancun beaches offer the best waves, that’s why you should stand out and ride the best one in this investment journey. Maximize your profitability by improving your strategies using the top analytics tools now!
Explore more profitable places around Cancun
