Location: Yauco, PR | Metro: Yauco, PR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $460 |
| 1 Bedroom | $460 |
| 2 Bedrooms | $520 |
| 3 Bedrooms | $720 |
| 4 Bedrooms | $790 |
| 5 Bedrooms | $916 |
| 6 Bedrooms | $1,026 |
| 7 Bedrooms | $1,108 |
| 8 Bedrooms | $1,163 |
U.S. Census Bureau data (2024)
28.1% of residents in ZIP 00656 are renters, indicating a significant portion of the population relies on rental housing. This statistic is crucial for landlords and small-portfolio investors looking to understand the demand dynamics in the area. $454 is the reported market rent based on Census ACS data, which provides a baseline for what tenants are currently paying. However, the $470 FMR (Fair Market Rent) for ZIP 00665 (, CA) in fiscal year 2024 suggests that rental rates could potentially rise, aligning with the federal guidelines. The median income of $24,065 in the area is notably low, which may affect the ability of many renters to afford market rates without assistance.
The lack of data on median home value (N/A) and days on market (DOM) (N/A-day DOM) indicates that the real estate market in ZIP 00656 is heavily skewed towards rentals rather than sales. Similarly, the absence of information on the percentage of price-cut share (N/A% price-cut share) points to a stable rental market where significant price adjustments are not common. For landlords and investors, these conditions suggest a steady demand for affordable rental units.
Given the low median income and the substantial gap between the market rent and the FMR, properties in ZIP 00656 are well-positioned to benefit from Section 8 programs. These programs provide subsidies to qualified low-income individuals, making it possible for them to pay the higher FMR rates. Therefore, the $470 FMR becomes an important figure for calculating potential rental income with government assistance.
In conclusion, the combination of a high renter share and the availability of Section 8 subsidies at the $470 FMR level makes ZIP 00656 a viable investment opportunity for those interested in affordable housing rentals. The market presents a clear path for landlords and small-portfolio investors to secure stable income streams while providing necessary housing solutions to the community.
Verdict: ZIP 00656 is suitable for Section 8 investments due to the high renter share and the alignment of market rents with federal subsidy levels.
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.