Fajardo Municipio, Puerto Rico Housing Market Prices
Fajardo 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 About the same as the Puerto Rico median$137,916
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Median rent 8% above the Puerto Rico median More expensive than 84% of counties in Puerto Rico$624
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Fajardo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,916 | $138,158 | $248,835 |
| Price Trend (Annual %) | 5.5% | 1.3% | 7.5% |
| Median Gross Rent | $624 | $578 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 2.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fajardo Municipio is about the same as in Puerto Rico. Rent is about 8% higher 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 Fajardo Municipio, up about 5.5% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Fajardo Municipio rose about 33.6% between 2015 and 2024, from $467 to $624. Over the same span, rent in Puerto Rico rose about 26.7%.
Affordability
On average, housing unit costs 5.4 yearly household incomes in Fajardo Municipio.
Buying the median-priced home in Fajardo Municipio costs roughly 18.4 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 Fajardo Municipio. The price-to-rent ratio in Puerto Rico is about 19.9.
| Metric | Fajardo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,916 | $138,158 | $248,835 |
| Median Household Income | $25,626 | $26,331 | $80,455 |
| Price-to-Income Ratio | 5.4 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fajardo Municipio rose about 56.4%, while median household income rose about 20.2% 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 | Fajardo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 45.4% | 53.7% | 58.5% |
| Rental Rate | 22.7% | 25.3% | 31.2% |
| Vacancy Rate | 31.8% | 21.0% | 10.2% |
| Median Tenure (years) | 24.0 | 24.0 | 15.0 |
| Median Year Moved In | 2002 | 2002 | 2011 |
Fajardo Municipio has a homeownership rate of 45.4%, lower than the Puerto Rico average of 53.7%. Its housing vacancy rate is 31.8%, compared with 21.0% in Puerto Rico.
Housing Stock
| Metric | Fajardo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1981 | 1980 | 1978 |
| Median Number of Rooms | 4.4 | 4.7 | 5.5 |
The typical housing unit in Fajardo Municipio was built around 1981. On average, 2.4 people live in a home with about 4.4 rooms, staying for about 24.0 years on average.
Fajardo Municipio, PR Housing Compared With Nearby Counties
Fajardo Municipio, PR is typical in size for this group, 31,489 residents against a local median of 32,435, so the measures below are close to a like for like comparison. Fajardo Municipio, PR sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median rent, 13% above the local median at $624 against $552. Fajardo Municipio, PR has the highest median rent of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fajardo Municipio, PR | 31,489 | $137,916 #3/5 | $624 #1/5 | 66.7% #5/5 |
| Ceiba Municipio, PR | 10,995 | $105,625 | $538 | 75.5% |
| RÃo Grande Municipio, PR | 46,051 | $157,366 | $585 | 71.1% |
| Naguabo Municipio, PR | 23,054 | $89,166 | $527 | 73.1% |
| Canóvanas Municipio, PR | 41,816 | $207,888 | $567 | 72.7% |
Frequently Asked Questions
Common questions about the housing market in Fajardo Municipio, Puerto Rico.
What is the median home price in Fajardo Municipio, Puerto Rico?
The median home price in Fajardo Municipio, Puerto Rico is $137,916, about the same as the Puerto Rico average.
What is the average home price in Fajardo Municipio, Puerto Rico?
The typical home price in Fajardo Municipio, Puerto Rico, reported as the median sale price, is $137,916. 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 Fajardo Municipio, Puerto Rico?
The median gross rent in Fajardo Municipio, Puerto Rico is $624 per month, higher than the Puerto Rico average of $578.
What was the median gross rent in Fajardo Municipio in 2020?
In 2020, the median gross rent in Fajardo Municipio, Puerto Rico was $529 per month.
What is the price-to-rent ratio in Fajardo Municipio, Puerto Rico?
The price-to-rent ratio in Fajardo Municipio, Puerto Rico is about 18.4, meaning it would take roughly 18.4 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 Fajardo Municipio.
Are home prices or rent rising faster in Fajardo Municipio, Puerto Rico?
Both home prices and rent are rising in Fajardo Municipio, up about 5.5% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fajardo Municipio, Puerto Rico?
45.4% of households in Fajardo Municipio, Puerto Rico own their home, lower than the Puerto Rico average of 53.7%.
What is the vacancy rate in Fajardo Municipio, Puerto Rico?
The housing vacancy rate in Fajardo Municipio, Puerto Rico is 31.8%, higher than the Puerto Rico average of 21.0%.
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