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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 $147,300, lower than the the United States average of $419,293.
The average cost of rent is $658/mo in Puerto Rico, primarily driven by the current value of real estate in the Puerto Rico area. In Puerto Rico, 32.09% of households rent, and 63.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Puerto Rico is $2,626 per month. Households that rent pay about 25.04% of their income on rent here. Puerto Rico’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the state.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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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