Section 8 Fair Market Rent (FMR) for ZIP 00970 - 2027

Location: San Juan-Guaynabo, PR | Metro: San Juan-Guaynabo, PR HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$840
1 Bedroom	$860
2 Bedrooms	$1,000
3 Bedrooms	$1,300
4 Bedrooms	$1,580
5 Bedrooms	$1,833
6 Bedrooms	$2,053
7 Bedrooms	$2,217
8 Bedrooms	$2,328

The ZIP code 00970, located in Puerto Rico, is a region that requires careful consideration for real estate investments, especially when it comes to Section 8 housing. The area lacks comprehensive data on key metrics such as market rent and median home values, making it challenging to assess its overall economic health compared to mainland U.S. ZIP codes. However, the available Fair Market Rent (FMR) data offers a starting point for understanding the rental landscape.

The Fair Market Rent (FMR) for ZIP 00970 in fiscal year 2024 is set at $920. This figure serves as a benchmark for rental rates in the area.
The market rent is currently N/A, indicating a lack of recent data on average rental prices.
The median home value is also listed as N/A, suggesting limited information on property values.
The percentage of residents who are renters is N/A, which means we cannot determine the exact share of the population that relies on rentals.
The days on market (DOM) for properties is listed as N/A, providing no insight into how quickly homes are typically sold in this area.
The median household income is N/A, leaving us without a clear picture of the financial status of the local population.

Despite the limited data, the FMR of $920 provides a solid anchor for setting competitive rental prices for Section 8 units. However, the absence of market rent data means there's no direct comparison to gauge whether the FMR accurately reflects the current rental environment. Similarly, the lack of information on median home values and renter share complicates efforts to understand the broader real estate market dynamics. For investors, this ZIP code presents both opportunities and risks, particularly due to the scarcity of detailed economic indicators. It's crucial to conduct thorough research and possibly consult local real estate experts to make informed decisions about investing in this area.

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.