Section 8 Fair Market Rent (FMR) for ZIP 00769 - 2027

Location: Puerto Rico HUD Nonmetro Area, Unknown | Metro: Puerto Rico HUD Nonmetro Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$470
1 Bedroom	$490
2 Bedrooms	$530
3 Bedrooms	$710
4 Bedrooms	$760
5 Bedrooms	$882
6 Bedrooms	$988
7 Bedrooms	$1,067
8 Bedrooms	$1,120

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

33,602

Median Household Income

$21,829

Housing Units

16,527

Renter Percentage

23.9%

Occupancy Rate

82.6%

Renter Occupied

3,261

In evaluating whether to purchase a property in ZIP code 00769 (Guaynabo, PR) for Section 8 investment, follow these steps:

Step 1: Debt Service Coverage Ratio (DSCR)

The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $490. To determine if this amount clears debt service, you need to know the specific property's debt service. However, since the property's debt service is marked as N/A, it's impossible to calculate the DSCR based on the provided data. Without this figure, you cannot proceed to make an informed decision on the viability of the property for Section 8 purposes.

Step 2: Market Rent vs. FMR

The market rent in ZIP 00769, according to the Census ACS, stands at $518. This figure is above the FMR of $490. Therefore, if the debt service were known and cleared by the FMR, the property would still generate additional income beyond what is required for Section 8 participation.

Step 3: Demand Analysis

Renters constitute 23.9% of the population in this ZIP code. Additionally, the Days on Market (DOM) for properties is noted as N/A, which means there isn't enough information to assess how quickly properties are being rented out. The combination of a known percentage of renters and unknown DOM makes it challenging to gauge the overall demand accurately.

Decision Tree Outcome

If you can obtain the debt service figure and it is less than or equal to $490, proceed to Step 2.
If the market rent of $518 comfortably covers the debt service, proceed to Step 3.
If the DOM is low, indicating quick rental turnover, and combined with the 23.9% of renters, the answer is Yes, there is enough demand for Section 8 tenants.
If the DOM is high, suggesting slower rental turnover, the answer is It Depends. High DOM could indicate lower demand, but it also might mean that there are fewer available rental units, which could still support a Section 8 investment.
If the debt service is higher than $490, the answer is No, as the FMR would not cover the necessary expenses to maintain the property.

Note: The analysis is contingent upon obtaining missing data points such as the property's debt service and DOM to make a fully informed decision.

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.