Location: Aguadilla, PR | Metro: Aguadilla, PR MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $480 |
| 1 Bedroom | $490 |
| 2 Bedrooms | $590 |
| 3 Bedrooms | $700 |
| 4 Bedrooms | $790 |
| 5 Bedrooms | $916 |
| 6 Bedrooms | $1,026 |
| 7 Bedrooms | $1,108 |
| 8 Bedrooms | $1,163 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 00685 in Aguadilla, PR MSA reveals a competitive but manageable landscape. The HUD Fair Market Rent (FMR) for the area is set at $490 for the fiscal year 2024. In comparison, the market rent, as reported by the Census ACS, stands at $502. This indicates that voucher tenants will cashflow marginally at the HUD FMR rate, given the slight discrepancy between the FMR and market rent. Landlords and small-portfolio investors should expect a narrow profit margin when renting to Section 8 tenants at the FMR, necessitating careful management of expenses.
The median home value in ZIP 00685 is currently not available, which makes deriving an exact rent-to-price ratio challenging. However, the lack of median home value data suggests that the housing market in Aguadilla might be less stable compared to other regions where such data is regularly updated and published. This could imply that there is limited historical data to predict future trends accurately, making stability a key factor for investors.
Regarding the days on market (DOM) and the percentage of homes that have been discounted, both figures are also not available. These metrics would typically help investors understand the local real estate market's liquidity and the frequency of price reductions, which can affect rent-versus-buy dynamics. Without these figures, it's difficult to gauge how quickly properties are selling and at what prices, potentially impacting the decision to rent or buy.
The strongest angle for investors in ZIP 00685 is likely stability. Given the marginal cashflow from voucher tenants and the unavailability of critical real estate data, investing in this area offers a predictable income stream with fewer risks associated with volatile market conditions. Stability ensures that investors can rely on consistent rental income without the uncertainties of rapid price changes or fluctuating demand.
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.