What is the average cost of housing in Cabo San Lucas?

"The average cost of housing in Cabo San Lucas is typically higher than other areas in Mexico, with prices ranging from moderately expensive to very expensive depending on the size and location of the property. Vacation rentals tend to be more expensive than long-term rentals, while single-family homes in gated communities tend to be the most expensive housing option," remarked another expat who made the move to Cabo San Lucas, Mexico.