Section 8 Fair Market Rent (FMR) for ZIP 00681 - 2027

FY 2027 Fair Market Rent Rates

ZIP 00681 is located in Aguadilla, PR, a coastal city known for its beautiful beaches and vibrant community. However, the specific demographic data such as population size, percentage of renters, median income, and median home value are currently unavailable for this ZIP code.

The Fair Market Rent (FMR) for ZIP 00681 as of the fiscal year 2024 is set at $530. This figure is crucial for Section 8 landlords and small-portfolio investors as it determines the maximum rental subsidy paid by the government. Despite the lack of precise local market rent data, the FMR serves as a benchmark for rental pricing in the area.

Given the limited availability of detailed local economic data, it's challenging to make a definitive statement about whether ZIP 00681 is better suited for a hands-off voucher operator or a hands-on value-add buyer. However, considering the typical characteristics of coastal towns in Puerto Rico, where tourism can play a significant role in the economy, there might be opportunities for both types of investors. A hands-off voucher operator could benefit from the stability and demand for affordable housing, while a hands-on value-add buyer might find potential in enhancing properties to cater to seasonal tourists or improving their appeal to long-term residents.

To make a more informed decision, it would be advisable to conduct further research on the local real estate market trends and consult with local real estate professionals who can provide insights into the specific dynamics of Aguadilla's housing market.

Data Sources: FMR data from HUD (2027).

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.