Location: San Germán, PR | Metro: San Germán, PR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $490 |
| 1 Bedroom | $490 |
| 2 Bedrooms | $630 |
| 3 Bedrooms | $790 |
| 4 Bedrooms | $830 |
| 5 Bedrooms | $963 |
| 6 Bedrooms | $1,079 |
| 7 Bedrooms | $1,165 |
| 8 Bedrooms | $1,223 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 00622, located in San Germán, PR, reveals a specific set of conditions that impact rental investments. The HUD Fair Market Rent (FMR) for ZIP 00622 for fiscal year 2024 is set at $510 per month. In contrast, the Census ACS data indicates a market rent of $668 per month. This difference means that voucher tenants will only cashflow at the FMR rate, making it necessary for landlords to consider how to balance their investment strategies.
The median home value in the area is currently listed as N/A, which prevents us from deriving an accurate rent-to-price ratio. However, this lack of data does not necessarily indicate poor investment potential. It simply means that the focus should remain on rental income rather than speculative home value increases.
Given the current HUD FMR and market rent figures, landlords must be cautious about relying solely on voucher tenants to cover costs. To achieve positive cashflow, they might need to focus on premium units or consider other cost-saving measures such as reducing vacancy rates or lowering operating expenses. The N/A-day median DOM (Days On Market) and N/A% price-cut share suggest that there is no significant data available to determine the exact dynamics between buying and renting. Nonetheless, the stability of the voucher program can provide consistent and reliable income for landlords who manage their properties effectively.
The strongest investor angle in ZIP 00622 is likely stability, given the guaranteed income from the Section 8 program at the FMR rate, despite the need to manage costs carefully to ensure profitability.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.