Location: Aguadilla, PR | Metro: Aguadilla, PR MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $580 |
| 1 Bedroom | $580 |
| 2 Bedrooms | $700 |
| 3 Bedrooms | $840 |
| 4 Bedrooms | $940 |
| 5 Bedrooms | $1,090 |
| 6 Bedrooms | $1,221 |
| 7 Bedrooms | $1,319 |
| 8 Bedrooms | $1,385 |
U.S. Census Bureau data (2024)
The ZIP code 00677, located in Puerto Rico, stands out due to its unique demographic and economic characteristics. With a population of 15,483 residents, it has a significant rental market, with 28.7% of the population renting their homes. The median income in this ZIP code is $24,266, which is notably lower compared to many mainland U.S. ZIP codes. The median home value is not available, suggesting that housing values might be less stable or that there is a lack of data on this metric.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 00677 for fiscal year 2024 is set at $580, slightly below the Census American Community Survey (ACS) market rent estimate of $604. This indicates that the voucher amount is close to the actual market rent but does not fully cover it, potentially leaving a gap that landlords would need to consider when accepting vouchers.
The data signature for ZIP 00677 suggests a transitional environment. The relatively low median income and the significant rental market indicate ongoing changes in the local economy and housing dynamics. Landlords and small-portfolio investors should monitor these trends closely, as they may impact the demand for rental properties and the effectiveness of Section 8 vouchers in covering rents.
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.