Florida Municipio, Puerto Rico Housing Market Prices
Florida 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 36% below the Puerto Rico median Cheaper than 77% of counties in Puerto Rico$88,918
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Median rent 19% above the Puerto Rico median More expensive than 92% of counties in Puerto Rico$687
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Florida Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $88,918 | $138,158 | $248,835 |
| Price Trend (Annual %) | 1.1% | 1.3% | 7.5% |
| Median Gross Rent | $687 | $578 | $1,407 |
| Rent Trend (Annual %) | 5.5% | 2.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Florida Municipio is about 36% lower than in Puerto Rico. Rent is about 19% 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 Florida Municipio, up about 1.1% and 5.5% a year respectively. Rent is changing faster.
Median rent in Florida Municipio rose about 57.5% between 2015 and 2024, from $436 to $687. Over the same span, rent in Puerto Rico rose about 26.7%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Florida Municipio.
Buying the median-priced home in Florida Municipio costs roughly 10.8 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 Florida Municipio. The price-to-rent ratio in Puerto Rico is about 19.9.
| Metric | Florida Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $88,918 | $138,158 | $248,835 |
| Median Household Income | $22,288 | $26,331 | $80,455 |
| Price-to-Income Ratio | 4.0 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Florida Municipio fell about 41.0%, while median household income rose about 36.2% between 2009 and 2025 — 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 | Florida Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.7% | 53.7% | 58.5% |
| Rental Rate | 24.4% | 25.3% | 31.2% |
| Vacancy Rate | 8.9% | 21.0% | 10.2% |
| Median Tenure (years) | 23.0 | 24.0 | 15.0 |
| Median Year Moved In | 2003 | 2002 | 2011 |
Florida Municipio has a homeownership rate of 66.7%, higher than the Puerto Rico average of 53.7%. Its housing vacancy rate is 8.9%, compared with 21.0% in Puerto Rico.
Housing Stock
| Metric | Florida Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1982 | 1980 | 1978 |
| Median Number of Rooms | 5.1 | 4.7 | 5.5 |
The typical housing unit in Florida Municipio was built around 1982. On average, 2.4 people live in a home with about 5.1 rooms, staying for about 23.0 years on average.
Florida Municipio, PR Housing Compared With Nearby Counties
Florida Municipio, PR is the smallest of the 5 counties compared here, 11,533 residents against a local median of 33,670. The measure that sets Florida Municipio, PR apart most is median home price: $88,918, 28% below the local median of $124,220.
Median rent tells the same story from another angle: $687 against a local median of $559, 23% above it. The counties themselves spread $61,703 on median home price, so Florida Municipio, PR sits at one end of an already wide local range rather than apart from it. Florida Municipio, PR has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Florida Municipio, PR | 11,533 | $88,918 #5/5 | $687 #1/5 | 73.2% #4/5 |
| Barceloneta Municipio, PR | 22,487 | $89,790 | $581 | 74.1% |
| Manatà Municipio, PR | 38,943 | $144,407 | $537 | 75.1% |
| Arecibo Municipio, PR | 86,478 | $104,034 | $530 | 65.4% |
| Morovis Municipio, PR | 28,397 | $151,492 | $618 | 73.5% |
Frequently Asked Questions
Common questions about the housing market in Florida Municipio, Puerto Rico.
What is the median home price in Florida Municipio, Puerto Rico?
The median home price in Florida Municipio, Puerto Rico is $88,918, lower than the Puerto Rico average of $138,158.
What is the average home price in Florida Municipio, Puerto Rico?
The typical home price in Florida Municipio, Puerto Rico, reported as the median sale price, is $88,918. 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 Florida Municipio, Puerto Rico?
The median gross rent in Florida Municipio, Puerto Rico is $687 per month, higher than the Puerto Rico average of $578.
What was the median gross rent in Florida Municipio in 2020?
In 2020, the median gross rent in Florida Municipio, Puerto Rico was $582 per month.
What is the price-to-rent ratio in Florida Municipio, Puerto Rico?
The price-to-rent ratio in Florida Municipio, Puerto Rico is about 10.8, meaning it would take roughly 10.8 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 Florida Municipio.
Are home prices or rent rising faster in Florida Municipio, Puerto Rico?
Both home prices and rent are rising in Florida Municipio, up about 1.1% and 5.5% a year respectively. Rent is changing faster.
What is the homeownership rate in Florida Municipio, Puerto Rico?
66.7% of households in Florida Municipio, Puerto Rico own their home, higher than the Puerto Rico average of 53.7%.
What is the vacancy rate in Florida Municipio, Puerto Rico?
The housing vacancy rate in Florida Municipio, Puerto Rico is 8.9%, lower than the Puerto Rico average of 21.0%.
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