Real estate prices are creeping up all over the world and Lake Chapala, Mexico is no exception. Although increases here have not been as significant as up in Canada and U.S., we have seen prices rise over the past 8 years to a level that are making some people think twice. Adding to this is the fact that all home purchases are cash, and while mortgages are available, the interest rates are astronomical.
So since we're all looking for a good deal and don't want to invest more out of our limited savings than we need to, I've searched the market and these are my picks for the the 5 cheapest homes (worth looking at) currently on the market as of March 2025.
Lago Luna 2,250,000 pesos (approx. $111,000 USD / $159,000 CAN)
Built in 2020, this 612 sq. ft. apartment features 2 bedroom/2 bath. Located just outside the town of Jocotepec, it offers lake/mountain views and common pool. This is easy living!
Luisa 2,450,000 pesos (approx $121,000 USD / $174,000 CAN)
Discover your tranquil retreat in this delightful 2-bedroom, 1-bath single-story home nestled within the secure, gated community of La Mora in Riberas del Pilar. Enjoy the ease of one-level living, a convenient carport, laundry area, and a bonus small studio – perfect for a home office or hobby room. Coto La Mora offers residents a refreshing pool and lush gardens, creating a relaxing oasis.
With low monthly maintenance fees of just $200 pesos, this is an incredibly affordable opportunity to enjoy the sought-after Riberas del Pilar lifestyle. Just a short 0.310-mile stroll to the highway puts you within easy reach of restaurants, hospitals, and everyday conveniences.
Flor Candela 2,470,000 pesos (approx. $121,500 USD / $175,000 CAN)
Charming brick home located in Roca Azul, just outside of Jocotepec. This 2 bedroom/1 bath home offers a quiet country setting on a moderately sized 340 sq. mtr. lot. You have the option of joining the fabulous clubhouse facilities located near the lake shore.
Riberas del Chante 2,600,000 pesos (approx. $128,000 USD / $184,000 CAN)
Modern 2 bedroom apartment with guardhouse and 24/7 security, 1 1/2 bathrooms, living-dining room, kitchen, balcony, back garden, and spacious common areas with swimming pools, jacuzzi, large covered terrace, bathrooms, barbecue grills, multipurpose courts, tennis court, and beautiful gardens.
Casa Romantica 2,795,500 pesos (approx. $137,500 USD / $198,000 CAN)
Cozy one-story house with 2 bedrooms, 1 full bathroom, a small studio, laundry area, and parking for a small car, located in a private gated community with a common area with a pool.
Are these homes for you? There are lots of options on the market and depending on where you want to live and the size of home you want, there are plenty of great homes available under $150,000 USD! Contact us today and we'll be happy to discuss finding the right home for you!
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