Location: San Juan-Guaynabo, PR | Metro: San Juan-Guaynabo, PR HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $630 |
| 1 Bedroom | $640 |
| 2 Bedrooms | $750 |
| 3 Bedrooms | $980 |
| 4 Bedrooms | $1,190 |
| 5 Bedrooms | $1,380 |
| 6 Bedrooms | $1,546 |
| 7 Bedrooms | $1,670 |
| 8 Bedrooms | $1,754 |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 00952, located in the San Juan-Guaynabo, PR HUD Metro FMR Area, presents a nuanced opportunity for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area is set at $560 per month for fiscal year 2024. In comparison, the Census American Community Survey (ACS) reports a market rent of $551 per month. This indicates that voucher tenants will generally cashflow at the FMR level, providing a reliable source of income for property owners.
Given the median home value is currently not available, deriving an exact rent-to-price ratio is challenging. However, the fact that voucher amounts slightly exceed the market rent suggests that voucher tenants can afford to cover maintenance and other costs associated with rental properties, making them a stable tenant pool. The lack of data on days on market (DOM) and the percentage of price cuts also points to the need for investors to closely monitor local real estate trends, as these factors can influence the rent-versus-buy dynamics in the area.
The strongest angle for investors in ZIP 00952 is likely cashflow, due to the HUD FMR being above the current market rent. This means that landlords can expect consistent monthly payments without the risk of overpricing their units, ensuring steady income even in fluctuating markets. Additionally, the reliability of voucher programs provides a degree of financial stability, which is crucial for long-term investment strategies.
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.