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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 $121,319, lower than the the United States average of $313,691.
The average cost of rent is $584/mo in Puerto Rico, primarily driven by the current value of real estate in the Puerto Rico area. While nearly 64.04% of residents own their homes outright in Puerto Rico, 29.25% rent.
Housing affordability isn’t just about home prices, though. The average household income in Puerto Rico is $2,201 per month. Households that rent pay about 26.53% of their income on rent here. Puerto Rico's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the state.
Nearby States
- Florida: higher priced homes
- South Carolina: higher priced homes
- North Carolina: higher priced homes
- Georgia: higher priced homes
- Virginia: higher priced homes
- Delaware: higher priced homes
- District of Columbia: higher priced homes
- Maryland: higher priced homes
- New Jersey: higher priced homes
- Alabama: higher priced homes
States with Similar Populations
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