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 | Cidra Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $121,555 | $132,443 | $242,182 |
| Price Trend (Annual %) | 1.1% | 0.9% | 8.2% |
| Median Gross Rent | $561 | $562 | $1,342 |
| Rent Trend (Annual %) | 1.6% | 2.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cidra Municipio is about 8% lower than in Puerto Rico. Rent follows a similar pattern, running close to 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 Cidra Municipio, up about 1.1% and 1.6% a year respectively. Rent is changing faster.
Median rent in Cidra Municipio rose about 11.6% between 2015 and 2023, from $503 to $561. Over the same span, rent in Puerto Rico rose about 23.3%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Cidra Municipio.
Buying the median-priced home in Cidra Municipio costs roughly 18.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Cidra Municipio. The price-to-rent ratio in Puerto Rico is about 19.6.
| Metric | Cidra Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $121,555 | $132,443 | $242,182 |
| Median Household Income | $27,563 | $25,099 | $78,145 |
| Price-to-Income Ratio | 4.4 | 5.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Cidra Municipio rose about 53.1%, while median household income rose about 38.2% between 2009 and 2023 — 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 | Cidra Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.2% | 53.6% | 58.2% |
| Rental Rate | 28.1% | 25.1% | 31.3% |
| Vacancy Rate | 12.7% | 21.3% | 10.6% |
| Median Tenure (years) | 26.0 | 24.0 | 15.0 |
| Median Year Moved In | 2000 | 2002 | 2011 |
Cidra Municipio has a homeownership rate of 59.2%, higher than the Puerto Rico average of 53.6%. Its housing vacancy rate is 12.7%, compared with 21.3% in Puerto Rico.
Housing Stock
| Metric | Cidra Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.59 people | 2.54 people |
| Median Structure Built Year | 1984 | 1980 | 1978 |
| Median Number of Rooms | 5.0 | 4.7 | 5.5 |
The typical housing unit in Cidra Municipio was built around 1984. On average, 2.7 people live in a home with about 5.0 rooms, staying for about 26.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Cidra Municipio, Puerto Rico.
What is the median home price in Cidra Municipio, Puerto Rico?
The median home price in Cidra Municipio, Puerto Rico is $121,555, lower than the Puerto Rico average of $132,443.
What is the average home price in Cidra 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 Cidra Municipio, Puerto Rico?
The median gross rent in Cidra Municipio, Puerto Rico is $561 per month, about the same as the Puerto Rico average.
What was the median gross rent in Cidra Municipio in 2020?
In 2020, the median gross rent in Cidra Municipio, Puerto Rico was $509 per month.
What is the price-to-rent ratio in Cidra Municipio, Puerto Rico?
The price-to-rent ratio in Cidra Municipio, Puerto Rico is about 18.1, meaning it would take roughly 18.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Cidra Municipio.
Are home prices or rent rising faster in Cidra Municipio, Puerto Rico?
Both home prices and rent are rising in Cidra Municipio, up about 1.1% and 1.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Cidra Municipio, Puerto Rico?
59.2% of households in Cidra Municipio, Puerto Rico own their home, higher than the Puerto Rico average of 53.6%.
What is the vacancy rate in Cidra Municipio, Puerto Rico?
The housing vacancy rate in Cidra Municipio, Puerto Rico is 12.7%, lower than the Puerto Rico average of 21.3%.