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 | Barceloneta Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $79,802 | $132,443 | $242,182 |
| Price Trend (Annual %) | -5.6% | 0.9% | 8.2% |
| Median Gross Rent | $625 | $562 | $1,342 |
| Rent Trend (Annual %) | 4.8% | 2.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Barceloneta Municipio is about 40% lower than in Puerto Rico. Rent is about 11% higher 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 Barceloneta Municipio: home prices fell about 5.6% a year while rent rose about 4.8% a year. That is an unusual pattern worth watching.
Median rent in Barceloneta Municipio rose about 39.8% between 2015 and 2023, from $447 to $625. Over the same span, rent in Puerto Rico rose about 23.3%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Barceloneta Municipio.
Buying the median-priced home in Barceloneta Municipio costs roughly 10.6 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 Barceloneta Municipio. The price-to-rent ratio in Puerto Rico is about 19.6.
| Metric | Barceloneta Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $79,802 | $132,443 | $242,182 |
| Median Household Income | $21,907 | $25,099 | $78,145 |
| Price-to-Income Ratio | 3.6 | 5.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Barceloneta Municipio fell about 40.7%, while median household income rose about 40.4% 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 | Barceloneta Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.5% | 53.6% | 58.2% |
| Rental Rate | 24.2% | 25.1% | 31.3% |
| Vacancy Rate | 16.3% | 21.3% | 10.6% |
| Median Tenure (years) | 23.0 | 24.0 | 15.0 |
| Median Year Moved In | 2003 | 2002 | 2011 |
Barceloneta Municipio has a homeownership rate of 59.5%, higher than the Puerto Rico average of 53.6%. Its housing vacancy rate is 16.3%, compared with 21.3% in Puerto Rico.
Housing Stock
| Metric | Barceloneta Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.59 people | 2.54 people |
| Median Structure Built Year | 1981 | 1980 | 1978 |
| Median Number of Rooms | 5.0 | 4.7 | 5.5 |
The typical housing unit in Barceloneta Municipio was built around 1981. On average, 2.6 people live in a home with about 5.0 rooms, staying for about 23.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Barceloneta Municipio, Puerto Rico.
What is the median home price in Barceloneta Municipio, Puerto Rico?
The median home price in Barceloneta Municipio, Puerto Rico is $79,802, lower than the Puerto Rico average of $132,443.
What is the average home price in Barceloneta 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 Barceloneta Municipio, Puerto Rico?
The median gross rent in Barceloneta Municipio, Puerto Rico is $625 per month, higher than the Puerto Rico average of $562.
What was the median gross rent in Barceloneta Municipio in 2020?
In 2020, the median gross rent in Barceloneta Municipio, Puerto Rico was $513 per month.
What is the price-to-rent ratio in Barceloneta Municipio, Puerto Rico?
The price-to-rent ratio in Barceloneta Municipio, Puerto Rico is about 10.6, meaning it would take roughly 10.6 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 Barceloneta Municipio.
Are home prices or rent rising faster in Barceloneta Municipio, Puerto Rico?
Home prices and rent are moving in opposite directions in Barceloneta Municipio: home prices fell about 5.6% a year while rent rose about 4.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Barceloneta Municipio, Puerto Rico?
59.5% of households in Barceloneta Municipio, Puerto Rico own their home, higher than the Puerto Rico average of 53.6%.
What is the vacancy rate in Barceloneta Municipio, Puerto Rico?
The housing vacancy rate in Barceloneta Municipio, Puerto Rico is 16.3%, lower than the Puerto Rico average of 21.3%.