The Most Affordable Neighborhoods in Rio Grande, PR by Home Value

 

Rio Grande, PR Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Rio Grande area can be challenging. Home prices in Rio Grande are now at a median cost of $107,211, lower than the Puerto Rico average of $121,319.

The average cost of rent is $556/mo in Rio Grande, primarily driven by the current value of real estate in the Rio Grande area. While nearly 56.86% of residents own their homes outright in Rio Grande, 30.60% rent.

Housing affordability isn’t just about home prices, though. The average household income in Rio Grande is $1,915 per month. Households that rent pay about 29.03% of their income on rent here. Rio Grande's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.


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