Home Price Key
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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 $241,200, higher than the Texas average of $235,268.
The average cost of rent is $573/mo in Puerto Rico, primarily driven by the current value of real estate in the Puerto Rico area. While nearly 80.92% of residents own their homes outright in Puerto Rico, 17.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in Puerto Rico is $5,007 per month. Households that rent pay about 11.44% of their income on rent here. Puerto Rico's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
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