While the price of many homes in Ensenada would make most mainland Mexicans balk, expats are likely to see the costs of renting or buying as quite reasonable, especially when compared to the rest of North America.
As one might guess, the prices increase the closer you get to the ocean, and can be especially expensive in tourist areas and expat enclaves.
A one-bedroom apartment in the city-center will likely run you about 5,000 pesos, or just over US$210, while the same outside of the center might be around 3,000 pesos, or about US$125. A three-bedroom apartment in the city-center will likely be about 10,000 pesos a month, or nearly US$420, but one outside of the center could be closer to 6,500 pesos, or about US$270.
If you want to buy a home, you will likely be able to find a nice one for around US$300,000, but you should plan on spending around
US$400,000 or more if you want an ocean view.
As in most cities, there is a wide range of homes available, depending on location, price and amenities. If you are renting, make sure you have a contract. You will also pay a deposit equivalent to a month’s rent, and many will also ask for a co-signer. Residency laws in Mexico favor occupants over owners, so proof of income may also be required.
If you are looking for a house to purchase, you should know that Ensenada does not have a Multiple Listing Service (MLS). To find an apartment, condo or home for sale or rent you may want to check the websites of major international real estate firms that operate in Mexico, such as Coldwell Banker, Century 21, RE/MAX and other local real estate firms that serve the Ensenada area.