Location: Puerto Rico HUD Nonmetro Area, Unknown | Metro: Arecibo, PR MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $560 |
| 1 Bedroom | $570 |
| 2 Bedrooms | $670 |
| 3 Bedrooms | $870 |
| 4 Bedrooms | $1,040 |
| 5 Bedrooms | $1,206 |
| 6 Bedrooms | $1,351 |
| 7 Bedrooms | $1,459 |
| 8 Bedrooms | $1,532 |
U.S. Census Bureau data (2024)
The ZIP code 00650 in Puerto Rico presents an interesting mix of yield and stability factors that can guide real estate investment decisions. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $620. This figure is lower than the market rent of $675, indicating a potential opportunity for rental income above the FMR threshold. However, the absence of a typical home value figure suggests that this area might not be conducive to traditional flipping or quick resale strategies.
On the stability axis, the ZIP code has a significant portion of its population renting, with 26.4% of residents being tenants. While this percentage alone does not fully indicate stability, it does suggest a substantial demand for rental properties. The lack of data on days on market (DOM) makes it difficult to assess how quickly properties might turn over, but the median household income of $21,447 provides insight into the economic base supporting the rental market. This relatively low income level could imply that tenants are more sensitive to economic downturns, potentially affecting rental payments and vacancy rates.
Given these figures, ZIP 00650 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market. The ability to charge above the FMR indicates some yield potential, but the economic indicators suggest caution against high-risk investments. Landlords and small-portfolio investors should focus on properties that can generate consistent rental income, given the local economic conditions and the significant proportion of renters in the area.
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.