Section 8 Fair Market Rent (FMR) for ZIP 00754 - 2027

Location: Caguas, PR | Metro: Caguas, PR HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$430
1 Bedroom	$440
2 Bedrooms	$540
3 Bedrooms	$750
4 Bedrooms	$900
5 Bedrooms	$1,044
6 Bedrooms	$1,169
7 Bedrooms	$1,263
8 Bedrooms	$1,326

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

36,728

Median Household Income

$22,964

Housing Units

16,375

Renter Percentage

28.5%

Occupancy Rate

85.5%

Renter Occupied

3,988

The area covered by ZIP code 00754, located in Guaynabo, Puerto Rico, offers a unique opportunity for real estate investors interested in the Section 8 housing market. With a mix of rental properties and a growing need for affordable housing solutions, this region presents both challenges and rewards for those who understand the local dynamics.

Fair Market Rent (FMR) for ZIP 00754 is set at $530 for the fiscal year 2024. This figure represents the maximum amount that a landlord can charge for a unit under the Section 8 program, ensuring that rents remain within the bounds of affordability.
The average market rent for the area is $579, according to the latest Census American Community Survey data. This suggests that landlords participating in the Section 8 program might see slightly lower rents compared to the general market, but still maintain a stable income stream.
Data on median home values is currently unavailable for ZIP 00754. This lack of information could indicate a predominantly rental-focused market, which aligns well with the high proportion of renters in the area.
Renters make up 28.5% of the total population in ZIP 00754. This percentage reflects a significant demand for rental properties, including those eligible for Section 8 subsidies.
The median income for residents in ZIP 00754 is $22,964. This relatively low income level underscores the importance of affordable housing options, such as those supported by Section 8, in the local economy.
Days on Market (DOM) data is not available for ZIP 00754. However, given the strong demand for rental properties, it's reasonable to expect that units listed for Section 8 tenants would be rented quickly.

Investors looking to enter the Section 8 market in ZIP 00754 should anticipate a steady but modest income stream, with rents capped at $530 per month. Despite the slightly lower rents compared to the market average, the high renter share and low median income suggest a robust demand for affordable housing. The absence of DOM data implies swift occupancy rates once a property is listed, making this a potentially attractive option for those seeking reliable, long-term tenants. While the median home value data is missing, the focus on rentals means that investing in Section 8 properties can be a strategic move in this ZIP code. Overall, the combination of a stable tenant base and predictable rental income makes ZIP 00754 a viable investment choice for landlords and small-portfolio investors.

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.