Location: San Juan-Guaynabo, PR | Metro: San Juan-Guaynabo, PR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $510 |
| 1 Bedroom | $520 |
| 2 Bedrooms | $610 |
| 3 Bedrooms | $800 |
| 4 Bedrooms | $960 |
| 5 Bedrooms | $1,114 |
| 6 Bedrooms | $1,248 |
| 7 Bedrooms | $1,348 |
| 8 Bedrooms | $1,415 |
The ZIP code 00792 in Puerto Rico presents an interesting scenario for real-estate investment, particularly under the Section 8 program. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $570. This figure is critical as it represents the maximum rent that can be charged to tenants receiving rental assistance through the Section 8 program.
However, the lack of specific market data and home values for ZIP 00792 makes it challenging to fully assess the potential yield. Typically, a high FMR would suggest a higher yield if market rents align closely with this figure. But without comparative market rent data, we cannot determine whether the yield is high relative to the investment costs.
Moving onto stability, there is insufficient data regarding the percentage of renters, days on market (DOM), and median household income. These metrics are key indicators of stability in a real estate market. High percentages of renters and low DOM figures usually point towards a stable rental market, while higher median incomes can indicate a better ability to pay rent consistently.
Given the available data, ZIP 00792 does not clearly fit into either a high-yield/low-stability "flip-style" market or a steady-cashflow zone. The defined FMR suggests a baseline for rental income, but without additional market-specific data, the classification remains ambiguous. Landlords and small-portfolio investors should seek out more detailed local market reports to make informed decisions about the stability and yield of investments in this area.
To proceed with a more precise analysis, one would need to gather additional data points such as the average market rent, home values, percentage of renters, days on market, and median household income. This information would help in understanding the true nature of the market in terms of both yield and stability.
Data Sources: FMR data from HUD (2027).
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.