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These days, finding an affordable place to live in the Puerto Rico area can be challenging. Home prices in Puerto Rico are now at a median cost of $143,270, lower than the Texas average of $322,096.
The average cost of rent is $1,328/mo in Puerto Rico, primarily driven by the current value of real estate in the Puerto Rico area. In Puerto Rico, 12.28% of households rent, and 70.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Puerto Rico is $6,008 per month. Households that rent pay about 22.11% of their income on rent here. Puerto Rico’s most expensive areas are in the southwestern 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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