Location: San Juan-Guaynabo, PR | Metro: San Juan-Guaynabo, PR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $600 |
| 1 Bedroom | $620 |
| 2 Bedrooms | $720 |
| 3 Bedrooms | $940 |
| 4 Bedrooms | $1,140 |
| 5 Bedrooms | $1,322 |
| 6 Bedrooms | $1,481 |
| 7 Bedrooms | $1,599 |
| 8 Bedrooms | $1,679 |
The analysis of ZIP code 00910 in the San Juan-Guaynabo, PR HUD Metro FMR Area reveals several key points for real-estate investors considering this location.
The rent math does not work based on the available Fair Market Rent (FMR) data. The FMR for a one-bedroom apartment in ZIP 00910 for fiscal year 2024 is set at $670. However, without specific market rent figures, it's impossible to determine if this aligns with what tenants are willing to pay. This lack of alignment could mean that properties rented at the FMR might struggle to attract tenants who qualify under Section 8 guidelines.
Acquisition in ZIP 00910 is not straightforward due to missing data on median home values, days on market (DOM), and the percentage of price cuts made during sales. These figures are crucial for understanding whether homes are overpriced or if they sell quickly, indicating a competitive market. Without these specifics, potential investors cannot accurately gauge the affordability of acquiring properties in this area.
Tenant demand is also unclear. With no population data or the percentage of renters in ZIP 00910, it's difficult to assess how many potential tenants might be looking for housing. A high renter share typically indicates strong demand for rental properties, but the absence of such data leaves this question unanswered.
Verdict: Investing in ZIP 00910 based on Section 8 criteria is challenging due to incomplete data. The FMR of $670 for a one-bedroom apartment is the only concrete figure, and without comparative market rent data, it's uncertain if this will cover costs effectively. Furthermore, the lack of information on median home values, DOM, and price-cut percentages makes assessing acquisition affordability difficult. Lastly, without population and renter share data, the strength of tenant demand remains unknown. Investors should seek additional, comprehensive local market data before making any decisions regarding this ZIP code.
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.