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 | Adjuntas Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $28,958 | $132,443 | $242,182 |
| Price Trend (Annual %) | 7.2% | 0.9% | 8.2% |
| Median Gross Rent | $413 | $562 | $1,342 |
| Rent Trend (Annual %) | 1.5% | 2.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Adjuntas Municipio is about 78% lower than in Puerto Rico. Rent is about 27% lower than the Puerto Rico average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Adjuntas Municipio, up about 7.2% and 1.5% a year respectively. Home prices are changing faster.
Median rent in Adjuntas Municipio rose about 14.4% between 2015 and 2023, from $361 to $413. Over the same span, rent in Puerto Rico rose about 23.3%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Adjuntas Municipio.
Buying the median-priced home in Adjuntas Municipio costs roughly 5.8 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 Adjuntas Municipio. The price-to-rent ratio in Puerto Rico is about 19.6.
| Metric | Adjuntas Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $28,958 | $132,443 | $242,182 |
| Median Household Income | $18,473 | $25,099 | $78,145 |
| Price-to-Income Ratio | 1.6 | 5.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Adjuntas Municipio fell about 70.4%, while median household income rose about 56.2% 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 | Adjuntas Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.4% | 53.6% | 58.2% |
| Rental Rate | 23.4% | 25.1% | 31.3% |
| Vacancy Rate | 23.2% | 21.3% | 10.6% |
| Median Tenure (years) | 26.0 | 24.0 | 15.0 |
| Median Year Moved In | 2000 | 2002 | 2011 |
Adjuntas Municipio has a homeownership rate of 53.4%, about the same as the Puerto Rico average of 53.6%. Its housing vacancy rate is 23.2%, compared with 21.3% in Puerto Rico.
Housing Stock
| Metric | Adjuntas Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.03 people | 2.59 people | 2.54 people |
| Median Structure Built Year | 1983 | 1980 | 1978 |
| Median Number of Rooms | 4.9 | 4.7 | 5.5 |
The typical housing unit in Adjuntas Municipio was built around 1983. On average, 3.0 people live in a home with about 4.9 rooms, staying for about 26.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Adjuntas Municipio, Puerto Rico.
What is the median home price in Adjuntas Municipio, Puerto Rico?
The median home price in Adjuntas Municipio, Puerto Rico is $28,958, lower than the Puerto Rico average of $132,443.
What is the average home price in Adjuntas 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 Adjuntas Municipio, Puerto Rico?
The median gross rent in Adjuntas Municipio, Puerto Rico is $413 per month, lower than the Puerto Rico average of $562.
What was the median gross rent in Adjuntas Municipio in 2020?
In 2020, the median gross rent in Adjuntas Municipio, Puerto Rico was $377 per month.
What is the price-to-rent ratio in Adjuntas Municipio, Puerto Rico?
The price-to-rent ratio in Adjuntas Municipio, Puerto Rico is about 5.8, meaning it would take roughly 5.8 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 Adjuntas Municipio.
Are home prices or rent rising faster in Adjuntas Municipio, Puerto Rico?
Both home prices and rent are rising in Adjuntas Municipio, up about 7.2% and 1.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Adjuntas Municipio, Puerto Rico?
53.4% of households in Adjuntas Municipio, Puerto Rico own their home, about the same as the Puerto Rico average.
What is the vacancy rate in Adjuntas Municipio, Puerto Rico?
The housing vacancy rate in Adjuntas Municipio, Puerto Rico is 23.2%, higher than the Puerto Rico average of 21.3%.