Section 8 Fair Market Rent (FMR) for ZIP 00772 - 2027

Location: San Juan-Guaynabo, PR | Metro: San Juan-Guaynabo, PR HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$510
1 Bedroom	$520
2 Bedrooms	$600
3 Bedrooms	$790
4 Bedrooms	$950
5 Bedrooms	$1,102
6 Bedrooms	$1,234
7 Bedrooms	$1,333
8 Bedrooms	$1,400

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

16,829

Median Household Income

$18,945

Housing Units

9,090

Renter Percentage

36.1%

Occupancy Rate

74.1%

Renter Occupied

2,432

The area covered by ZIP code 00772 in Guaynabo, Puerto Rico, presents a unique opportunity for real estate investors interested in the Section 8 housing market. With a mix of residential properties and a significant portion of renters, this location offers a stable tenant base that can be attractive for those looking to secure long-term rental income.

Fair Market Rent (FMR) for ZIP 00772 in fiscal year 2024: The FMR is set at $530, which represents the maximum amount landlords can charge for a Section 8 voucher in this area.
Market rent: According to the Census American Community Survey, the average market rent for ZIP 00772 is $442, indicating a potential premium when renting to Section 8 tenants.
Renter share: 36.1% of the population in this ZIP code are renters, suggesting a substantial demand for affordable housing options.
Median home value: Data on the median home value is currently unavailable, but given the high percentage of renters, it's likely that many homes are priced above what typical residents can afford.
Days on Market (DOM): Information on the average days a property remains on the market before being rented is not available, but this could be due to the high demand for rental units.
Median income: The median household income in ZIP 00772 is $18,945, reflecting the need for affordable housing solutions such as those provided through the Section 8 program.

The combination of a relatively high Fair Market Rent compared to the average market rent, along with a significant renter share and low median income, suggests that properties in ZIP 00772 could be well-suited for Section 8 investments. Landlords can expect to receive a steady stream of rental income, albeit at rates slightly below the FMR, while also contributing to the community's need for affordable housing. Given the lack of data on median home values and Days on Market, further research might be necessary to fully understand the local real estate dynamics and make informed investment decisions.

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.