Section 8 Fair Market Rent (FMR) for ZIP 00714 - 2027
Location: Guayama, PR | Metro: Guayama, PR MSA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $460 |
| 1 Bedroom | $480 |
| 2 Bedrooms | $520 |
| 3 Bedrooms | $720 |
| 4 Bedrooms | $780 |
| 5 Bedrooms | $905 |
| 6 Bedrooms | $1,014 |
| 7 Bedrooms | $1,095 |
| 8 Bedrooms | $1,150 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$21,186
Housing Authorities Serving ZIP 00714
The area covered by ZIP code 00714, located in Guaynabo, Puerto Rico, presents a unique opportunity for real-estate investors interested in affordable housing markets. The region is characterized by a blend of residential and commercial spaces, offering potential for both rental and property management investments.
- Fair Market Rent (FMR) for ZIP 00714 in fiscal year 2024 is set at $500. This figure represents the maximum amount that landlords can charge for a unit under the Section 8 program, providing a benchmark for rental pricing in subsidized housing.
- The market rent for the area stands at $472 according to the latest Census American Community Survey (ACS). This indicates that the actual rental prices in the market are slightly below the FMR, suggesting a potential for modest profit margins when participating in the Section 8 program.
- The median home value in ZIP 00714 is currently not available. This lack of data could be due to the unique economic situation of Puerto Rico, which has seen significant fluctuations in property values following recent natural disasters and economic challenges.
- Renters make up 24.0% of the population in this ZIP code. This percentage highlights a significant demand for rental properties, indicating a stable tenant base for those willing to invest in the area.
- The median income for residents is $21,186. This relatively low income level suggests a high reliance on government assistance programs such as Section 8, making it essential for landlords to understand the intricacies of these programs to ensure compliance and steady cash flow.
In summary, ZIP 00714 offers a niche investment opportunity for landlords and small-portfolio investors looking to engage in the affordable housing sector. With a fair market rent slightly above the current market rates, there is room for profitability while serving a community in need. However, the high proportion of renters and low median income underscore the importance of being prepared to work with tenants who rely heavily on Section 8 subsidies. Understanding and adhering to the regulations of such programs will be key to success in this market.
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.