Puerto Vallarta homes are very desirable for expats because of its location and the home prices reflect this. Expect to pay more for buying or renting a home in this city by the bay than most other locations in Mexico.
The local real estate market stretches generally from Mismaloya south of Puerto Vallarta to Punta Mita on the northwest shore. Many expats live in the state of Nayarit, north of the Ameca River. Bucerias, La Cruz de Huanacaxtle and Punta Mita are popular choices in Nayarit.
In Puerto Vallarta, the Colonias in the hotel zone area offer very good value with quieter neighborhood living and larger houses, many with pools or access to homeowner association pools. Centro and Zona Romantica are where the action is but can be noisy. The most upscale housing areas are south of Zona Romantica high in the hills and along the beach, stretching all the way to Mismaloya.
If you plan on renting an apartment, a one-bedroom unit in the city’s center is about US$360. A one-bedroom apartment outside of city center is about US$180. If you need more space, a three-bedroom apartment in Centro or Zona Romantica is nearly US$700. Outside of city center, a three-bedroom apartment usually rents for around US$500.
In addition to selling homes, local real estate firms also list apartments, condos and houses for rent on their websites.
If you are looking for a house or a condo to purchase, the best places to start are the Puerto Vallarta Multiple Listing Services (MLS). PV has two: MLS Vallarta and the AMPI MLS service, which is provided by the local real estate association. Each provides a wide range of search features for homes that range from US$100,000 condos to magnificent US$1 million+ homes.