The Most Affordable Neighborhoods in Mayaguez, PR by Home Value

These days, finding an affordable place to live in the Mayaguez area can be challenging. Home prices in Mayaguez are now at a median cost of $119,967, lower than the Puerto Rico average of $147,300.

The average cost of rent is $528/mo in Mayaguez, primarily driven by the current value of real estate in the Mayaguez area. In Mayaguez, 52.57% of households rent, and 74.83% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mayaguez is $1,788 per month. Households that rent pay about 29.56% of their income on rent here. Mayaguez’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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