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Mexico

Learn about the people, housing, costs and businesses in Mexico, Indiana

Median Home$147,886
Median Rent$680/month
Population882
Leading IndustriesTransportation · Wholesale Trade · Retail4% transportation
Home Value Growth+7.3% over 2 years
Retirees29% of residentswell above average
Homeowners92% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAffordable Market$148k median home · lower cost than 75% of the country
Mexico
IN

Frequently Asked Questions

What are today's mortgage rates in Mexico?

As of today, the 30-year fixed mortgage rate for Mexico is approximately 7.059% (7.101% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Mexico?

The median home value in Mexico is $148k. The median monthly rent is $680. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mexico?

Home values in Mexico have increased 7.3% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Mexico?

Based on a typical all-in ownership cost of $756/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mexico is $73k/year.

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What industries drive the economy in Mexico?

The largest employment sectors in Mexico are public administration (22%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.