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 | Guaynabo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $227,083 | $132,443 | $242,182 |
| Price Trend (Annual %) | 4.7% | 0.9% | 8.2% |
| Median Gross Rent | $850 | $562 | $1,342 |
| Rent Trend (Annual %) | 4.1% | 2.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Guaynabo Municipio is about 71% higher than in Puerto Rico. Rent is about 51% higher than 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 Guaynabo Municipio, up about 4.7% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Guaynabo Municipio rose about 37.5% between 2015 and 2023, from $618 to $850. Over the same span, rent in Puerto Rico rose about 23.3%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Guaynabo Municipio.
Buying the median-priced home in Guaynabo Municipio costs roughly 22.3 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 Guaynabo Municipio. The price-to-rent ratio in Puerto Rico is about 19.6.
| Metric | Guaynabo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $227,083 | $132,443 | $242,182 |
| Median Household Income | $45,985 | $25,099 | $78,145 |
| Price-to-Income Ratio | 4.9 | 5.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Guaynabo Municipio rose about 13.6%, while median household income rose about 36.1% between 2009 and 2023 — 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 | Guaynabo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.9% | 53.6% | 58.2% |
| Rental Rate | 24.7% | 25.1% | 31.3% |
| Vacancy Rate | 15.4% | 21.3% | 10.6% |
| Median Tenure (years) | 21.0 | 24.0 | 15.0 |
| Median Year Moved In | 2005 | 2002 | 2011 |
Guaynabo Municipio has a homeownership rate of 59.9%, higher than the Puerto Rico average of 53.6%. Its housing vacancy rate is 15.4%, compared with 21.3% in Puerto Rico.
Housing Stock
| Metric | Guaynabo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.59 people | 2.54 people |
| Median Structure Built Year | 1974 | 1980 | 1978 |
| Median Number of Rooms | 5.0 | 4.7 | 5.5 |
The typical housing unit in Guaynabo Municipio was built around 1974. On average, 2.5 people live in a home with about 5.0 rooms, staying for about 21.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Guaynabo Municipio, Puerto Rico.
What is the median home price in Guaynabo Municipio, Puerto Rico?
The median home price in Guaynabo Municipio, Puerto Rico is $227,083, higher than the Puerto Rico average of $132,443.
What is the average home price in Guaynabo 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 Guaynabo Municipio, Puerto Rico?
The median gross rent in Guaynabo Municipio, Puerto Rico is $850 per month, higher than the Puerto Rico average of $562.
What was the median gross rent in Guaynabo Municipio in 2020?
In 2020, the median gross rent in Guaynabo Municipio, Puerto Rico was $718 per month.
What is the price-to-rent ratio in Guaynabo Municipio, Puerto Rico?
The price-to-rent ratio in Guaynabo Municipio, Puerto Rico is about 22.3, meaning it would take roughly 22.3 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 Guaynabo Municipio.
Are home prices or rent rising faster in Guaynabo Municipio, Puerto Rico?
Both home prices and rent are rising in Guaynabo Municipio, up about 4.7% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Guaynabo Municipio, Puerto Rico?
59.9% of households in Guaynabo Municipio, Puerto Rico own their home, higher than the Puerto Rico average of 53.6%.
What is the vacancy rate in Guaynabo Municipio, Puerto Rico?
The housing vacancy rate in Guaynabo Municipio, Puerto Rico is 15.4%, lower than the Puerto Rico average of 21.3%.