Cayey Municipio, Puerto Rico Housing Market Prices
Cayey Municipio Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 125% above the Puerto Rico median Among the 5 most expensive counties in Puerto Rico$310,465
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Median rent 7% below the Puerto Rico median$540
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cayey Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $310,465 | $138,158 | $248,835 |
| Price Trend (Annual %) | 14.0% | 1.3% | 7.5% |
| Median Gross Rent | $540 | $578 | $1,407 |
| Rent Trend (Annual %) | 2.3% | 2.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cayey Municipio is about 125% higher than in Puerto Rico. Rent is about 7% lower than the Puerto Rico average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Cayey Municipio, up about 14.0% and 2.3% a year respectively. Home prices are changing faster.
Median rent in Cayey Municipio rose about 18.0% between 2015 and 2024, from $457 to $540. Over the same span, rent in Puerto Rico rose about 26.7%.
Affordability
On average, housing unit costs 10.3 yearly household incomes in Cayey Municipio.
Buying the median-priced home in Cayey Municipio costs roughly 47.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Cayey Municipio. The price-to-rent ratio in Puerto Rico is about 19.9.
| Metric | Cayey Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $310,465 | $138,158 | $248,835 |
| Median Household Income | $30,143 | $26,331 | $80,455 |
| Price-to-Income Ratio | 10.3 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cayey Municipio rose about 136.4%, while median household income rose about 43.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cayey Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.8% | 53.7% | 58.5% |
| Rental Rate | 30.9% | 25.3% | 31.2% |
| Vacancy Rate | 17.3% | 21.0% | 10.2% |
| Median Tenure (years) | 24.0 | 24.0 | 15.0 |
| Median Year Moved In | 2002 | 2002 | 2011 |
Cayey Municipio has a homeownership rate of 51.8%, lower than the Puerto Rico average of 53.7%. Its housing vacancy rate is 17.3%, compared with 21.0% in Puerto Rico.
Housing Stock
| Metric | Cayey Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1983 | 1980 | 1978 |
| Median Number of Rooms | 4.9 | 4.7 | 5.5 |
The typical housing unit in Cayey Municipio was built around 1983. On average, 2.4 people live in a home with about 4.9 rooms, staying for about 24.0 years on average.
Cayey Municipio, PR Housing Compared With Nearby Counties
How Cayey Municipio, PR compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cayey Municipio, PR | 40,917 | $310,465 #1/3 | $540 #2/3 | 62.7% #3/3 |
| Guayama Municipio, PR | 35,297 | $136,250 | $436 | 68.3% |
| Caguas Municipio, PR | 125,585 | $143,103 | $659 | 67.1% |
Frequently Asked Questions
Common questions about the housing market in Cayey Municipio, Puerto Rico.
What is the median home price in Cayey Municipio, Puerto Rico?
The median home price in Cayey Municipio, Puerto Rico is $310,465, higher than the Puerto Rico average of $138,158.
What is the average home price in Cayey Municipio, Puerto Rico?
The typical home price in Cayey Municipio, Puerto Rico, reported as the median sale price, is $310,465. 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 Cayey Municipio, Puerto Rico?
The median gross rent in Cayey Municipio, Puerto Rico is $540 per month, lower than the Puerto Rico average of $578.
What was the median gross rent in Cayey Municipio in 2020?
In 2020, the median gross rent in Cayey Municipio, Puerto Rico was $474 per month.
What is the price-to-rent ratio in Cayey Municipio, Puerto Rico?
The price-to-rent ratio in Cayey Municipio, Puerto Rico is about 47.9, meaning it would take roughly 47.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Cayey Municipio.
Are home prices or rent rising faster in Cayey Municipio, Puerto Rico?
Both home prices and rent are rising in Cayey Municipio, up about 14.0% and 2.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cayey Municipio, Puerto Rico?
51.8% of households in Cayey Municipio, Puerto Rico own their home, lower than the Puerto Rico average of 53.7%.
What is the vacancy rate in Cayey Municipio, Puerto Rico?
The housing vacancy rate in Cayey Municipio, Puerto Rico is 17.3%, lower than the Puerto Rico average of 21.0%.
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