Corozal Municipio, Puerto Rico Housing Market Prices
Corozal 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 3% below the Puerto Rico median$133,407
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Median rent 14% below the Puerto Rico median Cheaper than 70% of counties in Puerto Rico$496
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Corozal Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $133,407 | $138,158 | $248,835 |
| Price Trend (Annual %) | 9.3% | 1.3% | 7.5% |
| Median Gross Rent | $496 | $578 | $1,407 |
| Rent Trend (Annual %) | 0.8% | 2.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Corozal Municipio is about 3% lower than in Puerto Rico. Rent is about 14% 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 Corozal Municipio, up about 9.3% and 0.8% a year respectively. Home prices are changing faster.
Median rent in Corozal Municipio rose about 17.7% between 2015 and 2024, from $421 to $496. Over the same span, rent in Puerto Rico rose about 26.7%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Corozal Municipio.
Buying the median-priced home in Corozal Municipio costs roughly 22.4 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 Corozal Municipio. The price-to-rent ratio in Puerto Rico is about 19.9.
| Metric | Corozal Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $133,407 | $138,158 | $248,835 |
| Median Household Income | $23,885 | $26,331 | $80,455 |
| Price-to-Income Ratio | 5.6 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Corozal Municipio rose about 81.6%, while median household income rose about 61.8% 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 | Corozal Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.1% | 53.7% | 58.5% |
| Rental Rate | 20.4% | 25.3% | 31.2% |
| Vacancy Rate | 17.6% | 21.0% | 10.2% |
| Median Tenure (years) | 26.0 | 24.0 | 15.0 |
| Median Year Moved In | 2000 | 2002 | 2011 |
Corozal Municipio has a homeownership rate of 62.1%, higher than the Puerto Rico average of 53.7%. Its housing vacancy rate is 17.6%, compared with 21.0% in Puerto Rico.
Housing Stock
| Metric | Corozal Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.97 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1983 | 1980 | 1978 |
| Median Number of Rooms | 4.7 | 4.7 | 5.5 |
The typical housing unit in Corozal Municipio was built around 1983. On average, 3.0 people live in a home with about 4.7 rooms, staying for about 26.0 years on average.
Corozal Municipio, PR Housing Compared With Nearby Counties
Corozal Municipio, PR is the 2nd largest of the 5 counties compared here, 34,444 residents against a local median of 29,181. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Corozal Municipio, PR an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median home price, 12% below the local median at $133,407 against $152,009. Corozal Municipio, PR has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Corozal Municipio, PR | 34,444 | $133,407 #4/5 | $496 #4/5 | 75.3% #2/5 |
| Naranjito Municipio, PR | 29,307 | $152,526 | $487 | 69.4% |
| Morovis Municipio, PR | 28,397 | $151,492 | $618 | 73.5% |
| Toa Alta Municipio, PR | 66,321 | $198,262 | $690 | 80.5% |
| Barranquitas Municipio, PR | 29,054 | $28,695 | $505 | 66.7% |
Frequently Asked Questions
Common questions about the housing market in Corozal Municipio, Puerto Rico.
What is the median home price in Corozal Municipio, Puerto Rico?
The median home price in Corozal Municipio, Puerto Rico is $133,407, lower than the Puerto Rico average of $138,158.
What is the average home price in Corozal Municipio, Puerto Rico?
The typical home price in Corozal Municipio, Puerto Rico, reported as the median sale price, is $133,407. 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 Corozal Municipio, Puerto Rico?
The median gross rent in Corozal Municipio, Puerto Rico is $496 per month, lower than the Puerto Rico average of $578.
What was the median gross rent in Corozal Municipio in 2020?
In 2020, the median gross rent in Corozal Municipio, Puerto Rico was $530 per month.
What is the price-to-rent ratio in Corozal Municipio, Puerto Rico?
The price-to-rent ratio in Corozal Municipio, Puerto Rico is about 22.4, meaning it would take roughly 22.4 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 Corozal Municipio.
Are home prices or rent rising faster in Corozal Municipio, Puerto Rico?
Both home prices and rent are rising in Corozal Municipio, up about 9.3% and 0.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Corozal Municipio, Puerto Rico?
62.1% of households in Corozal Municipio, Puerto Rico own their home, higher than the Puerto Rico average of 53.7%.
What is the vacancy rate in Corozal Municipio, Puerto Rico?
The housing vacancy rate in Corozal Municipio, Puerto Rico is 17.6%, lower than the Puerto Rico average of 21.0%.
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