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 | $600 |
| 3 Bedrooms | $790 |
| 4 Bedrooms | $950 |
| 5 Bedrooms | $1,102 |
| 6 Bedrooms | $1,234 |
| 7 Bedrooms | $1,333 |
| 8 Bedrooms | $1,400 |
U.S. Census Bureau data (2024)
The ZIP code 00925 in Connecticut presents several challenges for first-time Section 8 landlords. Tenant turnover could be higher due to the gap between the market rent at $614 and the Fair Market Rent (FMR) of $550 for fiscal year 2024. This discrepancy may lead to tenants seeking better rental deals, increasing the likelihood of frequent turnover.
Vacancy exposure is another concern, as there is no available data on the number of days properties remain on the market (DOM). This lack of information makes it difficult to predict how long it might take to fill vacancies, which can significantly impact cash flow.
The deferred maintenance exposure is also notable, given the absence of typical home values in the area. The median income of $17,404 suggests that residents may have limited financial resources to cover unexpected repairs or maintenance costs, potentially leading to higher maintenance expenses for landlords.
However, these risks are tempered by the high renter share in the area, which stands at 78.0%. High renter density typically correlates with increased demand for housing vouchers, making it easier to find tenants who qualify for Section 8 assistance.
In conclusion, the verdict for ZIP 00925 in Connecticut for a first-time Section 8 landlord is moderate risk.
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.