Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Añasco Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $96,538 | $132,443 | $242,182 |
| Price Trend (Annual %) | -0.6% | 0.9% | 8.2% |
| Median Gross Rent | $547 | $562 | $1,342 |
| Rent Trend (Annual %) | 3.7% | 2.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Añasco Municipio is about 27% lower than in Puerto Rico. Rent is about 3% lower than the Puerto Rico average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Añasco Municipio: home prices fell about 0.6% a year while rent rose about 3.7% a year. That is an unusual pattern worth watching.
Median rent in Añasco Municipio rose about 28.8% between 2015 and 2023, from $424 to $547. Over the same span, rent in Puerto Rico rose about 23.3%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Añasco Municipio.
Buying the median-priced home in Añasco Municipio costs roughly 14.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Añasco Municipio. The price-to-rent ratio in Puerto Rico is about 19.6.
| Metric | Añasco Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $96,538 | $132,443 | $242,182 |
| Median Household Income | $23,482 | $25,099 | $78,145 |
| Price-to-Income Ratio | 4.1 | 5.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Añasco Municipio fell about 12.9%, while median household income rose about 62.2% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Añasco Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.0% | 53.6% | 58.2% |
| Rental Rate | 20.0% | 25.1% | 31.3% |
| Vacancy Rate | 28.0% | 21.3% | 10.6% |
| Median Tenure (years) | 25.0 | 24.0 | 15.0 |
| Median Year Moved In | 2001 | 2002 | 2011 |
Añasco Municipio has a homeownership rate of 52.0%, lower than the Puerto Rico average of 53.6%. Its housing vacancy rate is 28.0%, compared with 21.3% in Puerto Rico.
Housing Stock
| Metric | Añasco Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.86 people | 2.59 people | 2.54 people |
| Median Structure Built Year | 1976 | 1980 | 1978 |
| Median Number of Rooms | 4.8 | 4.7 | 5.5 |
The typical housing unit in Añasco Municipio was built around 1976. On average, 2.9 people live in a home with about 4.8 rooms, staying for about 25.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Añasco Municipio, Puerto Rico.
What is the median home price in Añasco Municipio, Puerto Rico?
The median home price in Añasco Municipio, Puerto Rico is $96,538, lower than the Puerto Rico average of $132,443.
What is the average home price in Añasco Municipio, Puerto Rico?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Añasco Municipio, Puerto Rico?
The median gross rent in Añasco Municipio, Puerto Rico is $547 per month, lower than the Puerto Rico average of $562.
What was the median gross rent in Añasco Municipio in 2020?
In 2020, the median gross rent in Añasco Municipio, Puerto Rico was $432 per month.
What is the price-to-rent ratio in Añasco Municipio, Puerto Rico?
The price-to-rent ratio in Añasco Municipio, Puerto Rico is about 14.7, meaning it would take roughly 14.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Añasco Municipio.
Are home prices or rent rising faster in Añasco Municipio, Puerto Rico?
Home prices and rent are moving in opposite directions in Añasco Municipio: home prices fell about 0.6% a year while rent rose about 3.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Añasco Municipio, Puerto Rico?
52.0% of households in Añasco Municipio, Puerto Rico own their home, lower than the Puerto Rico average of 53.6%.
What is the vacancy rate in Añasco Municipio, Puerto Rico?
The housing vacancy rate in Añasco Municipio, Puerto Rico is 28.0%, higher than the Puerto Rico average of 21.3%.