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These days, finding an affordable place to live in the Porto Rico area can be challenging. Home prices in Porto Rico are now at a median cost of $158,873, lower than the West Virginia average of $177,366.
The average cost of rent is $911/mo in Porto Rico, primarily driven by the current value of real estate in the Porto Rico area. In Porto Rico, 12.72% of households rent, and 84.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Porto Rico is $4,883 per month. Households that rent pay about 18.66% of their income on rent here. Porto Rico’s most expensive areas are in the eastern regions, while the cheapest areas are in the central 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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