Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Lares Municipio area can be challenging. Home prices in Lares Municipio are now at a median cost of $111,235, lower than the Puerto Rico average of $147,300.
The average cost of rent is $506/mo in Lares Municipio, primarily driven by the current value of real estate in the Lares Municipio area. In Lares Municipio, 36.98% of households rent, and 77.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lares Municipio is $1,584 per month. Households that rent pay about 31.96% of their income on rent here. Lares Municipio’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- San Sebastian Municipio, PR: equally priced homes
- Las Marias Municipio, PR: less expensive homes
- Maricao Municipio, PR: equally priced homes
- Utuado Municipio, PR: equally priced homes
- Adjuntas Municipio, PR: less expensive homes
- Moca Municipio, PR: higher priced homes
- Anasco Municipio, PR: equally priced homes
- Mayaguez Municipio, PR: equally priced homes
- Jayuya Municipio, PR: equally priced homes
- Hormigueros Municipio, PR: higher priced homes
Counties with Similar Populations
- Montgomery County, IN: higher priced homes
- Louisa County, VA: higher priced homes
- Lumpkin County, GA: higher priced homes
- Lyon County, KS: higher priced homes
- Macon County, NC: higher priced homes
- Madison County, NE: higher priced homes
- Marion County, IA: higher priced homes
- Marion County, IL: equally priced homes
- Matagorda County, TX: higher priced homes
- Logan County, WV: equally priced homes
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