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 | Guayanilla Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,000 | $132,443 | $242,182 |
| Price Trend (Annual %) | 33.0% | 0.9% | 8.2% |
| Median Gross Rent | $434 | $562 | $1,342 |
| Rent Trend (Annual %) | 3.5% | 2.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Guayanilla Municipio is about 70% higher than in Puerto Rico. Rent is about 23% lower than the Puerto Rico average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Guayanilla Municipio, up about 33.0% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Guayanilla Municipio rose about 27.3% between 2015 and 2023, from $341 to $434. Over the same span, rent in Puerto Rico rose about 23.3%.
Affordability
On average, housing unit costs 10.5 yearly household incomes in Guayanilla Municipio.
Buying the median-priced home in Guayanilla Municipio costs roughly 43.2 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 Guayanilla Municipio. The price-to-rent ratio in Puerto Rico is about 19.6.
| Metric | Guayanilla Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,000 | $132,443 | $242,182 |
| Median Household Income | $21,399 | $25,099 | $78,145 |
| Price-to-Income Ratio | 10.5 | 5.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Guayanilla Municipio rose about 235.3%, while median household income rose about 56.2% 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 | Guayanilla Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.2% | 53.6% | 58.2% |
| Rental Rate | 20.6% | 25.1% | 31.3% |
| Vacancy Rate | 23.3% | 21.3% | 10.6% |
| Median Tenure (years) | 28.0 | 24.0 | 15.0 |
| Median Year Moved In | 1998 | 2002 | 2011 |
Guayanilla Municipio has a homeownership rate of 56.2%, higher than the Puerto Rico average of 53.6%. Its housing vacancy rate is 23.3%, compared with 21.3% in Puerto Rico.
Housing Stock
| Metric | Guayanilla Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.71 people | 2.59 people | 2.54 people |
| Median Structure Built Year | 1979 | 1980 | 1978 |
| Median Number of Rooms | 4.9 | 4.7 | 5.5 |
The typical housing unit in Guayanilla Municipio was built around 1979. On average, 2.7 people live in a home with about 4.9 rooms, staying for about 28.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Guayanilla Municipio, Puerto Rico.
What is the median home price in Guayanilla Municipio, Puerto Rico?
The median home price in Guayanilla Municipio, Puerto Rico is $225,000, higher than the Puerto Rico average of $132,443.
What is the average home price in Guayanilla 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 Guayanilla Municipio, Puerto Rico?
The median gross rent in Guayanilla Municipio, Puerto Rico is $434 per month, lower than the Puerto Rico average of $562.
What was the median gross rent in Guayanilla Municipio in 2020?
In 2020, the median gross rent in Guayanilla Municipio, Puerto Rico was $351 per month.
What is the price-to-rent ratio in Guayanilla Municipio, Puerto Rico?
The price-to-rent ratio in Guayanilla Municipio, Puerto Rico is about 43.2, meaning it would take roughly 43.2 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 Guayanilla Municipio.
Are home prices or rent rising faster in Guayanilla Municipio, Puerto Rico?
Both home prices and rent are rising in Guayanilla Municipio, up about 33.0% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Guayanilla Municipio, Puerto Rico?
56.2% of households in Guayanilla Municipio, Puerto Rico own their home, higher than the Puerto Rico average of 53.6%.
What is the vacancy rate in Guayanilla Municipio, Puerto Rico?
The housing vacancy rate in Guayanilla Municipio, Puerto Rico is 23.3%, higher than the Puerto Rico average of 21.3%.