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 |
To classify ZIP code 00954 in Puerto Rico, we need to consider the available data on yield and stability. The key figure for yield is the Fair Market Rent (FMR) for the fiscal year 2024, which is set at $740. This indicates the rental price point that can be expected in this area for a standard unit. However, the lack of specific market rent and home value figures makes it challenging to provide a precise comparison. Despite this limitation, we can infer that the FMR provides a benchmark for rental income, suggesting a moderate yield potential.
Moving on to stability, there are no specific percentages of renters, days on market (DOM), or median income figures available for ZIP 00954. Without these critical metrics, it's difficult to gauge the overall stability of the rental market in this region. Typically, higher percentages of renters and shorter DOM periods indicate a stable market, while median income figures help assess the financial health of potential tenants.
The absence of detailed market rent and home value data means that the yield cannot be fully assessed against local market conditions. Similarly, the lack of renters' percentage, DOM days, and income data prevents a thorough evaluation of the market's stability. Therefore, based on the provided information, ZIP 00954 appears to be neither a high-yield/low-stability flip-style market nor a steady-cashflow zone. It falls into a category where the primary known factor is the FMR of $740, which suggests a moderate rental income potential. The stability remains unclear due to missing data points.
To make a more informed decision, landlords and small-portfolio investors should seek additional local market data to complement the FMR figure. This would include understanding the local economic conditions, the availability of rental units, and the demographic profile of potential tenants.
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.