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 |
ZIP 00929, located within the San Juan-Guaynabo, PR HUD Metro FMR Area, presents itself as a cash-flow anchor in a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $670, providing a stable baseline for rental income. While the market data for median home values and market rents is currently unavailable, the consistent FMR ensures that landlords can rely on predictable cash flows.
The FMR of $670 is crucial for maintaining steady income streams, particularly in an environment where market conditions may fluctuate. Landlords who invest in properties within ZIP 00929 can count on receiving the guaranteed rent amount from the government, which covers the difference between what low-income tenants can afford and the actual rent charged. This makes it an attractive option for those looking to secure a reliable source of monthly income without the risk associated with market-rate rentals.
Furthermore, the location within the San Juan-Guaynabo area offers additional benefits. This region is known for its economic stability and strong demand for affordable housing, which supports the viability of a Section 8 strategy. The consistent demand for subsidized housing ensures that vacancy rates remain low, maximizing the potential for steady cash flow.
While appreciation and diversification opportunities are not quantifiable with the current data—specifically the lack of percentage price-cut shares, days on market (DOM), and median income figures—it is clear that the primary role of ZIP 00929 within a Section 8 portfolio is to provide a solid foundation of predictable income. This aligns well with conservative investment strategies aimed at generating reliable cash flows over the long term.
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.