Lajas Municipio, Puerto Rico Housing Market Prices
Lajas 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.
-
Median home price 11% below the Puerto Rico median$122,827
-
Median rent 17% below the Puerto Rico median Cheaper than 81% of counties in Puerto Rico$478
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lajas Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $122,827 | $138,158 | $248,835 |
| Price Trend (Annual %) | -1.1% | 1.3% | 7.5% |
| Median Gross Rent | $478 | $578 | $1,407 |
| Rent Trend (Annual %) | 1.4% | 2.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lajas Municipio is about 11% lower than in Puerto Rico. Rent is about 17% lower than the Puerto Rico average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Lajas Municipio: home prices fell about 1.1% a year while rent rose about 1.4% a year. That is an unusual pattern worth watching.
Median rent in Lajas Municipio rose about 13.6% between 2015 and 2024, from $421 to $478. Over the same span, rent in Puerto Rico rose about 26.7%.
Affordability
On average, housing unit costs 6.2 yearly household incomes in Lajas Municipio.
Buying the median-priced home in Lajas Municipio costs roughly 21.4 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 Lajas Municipio. The price-to-rent ratio in Puerto Rico is about 19.9.
| Metric | Lajas Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $122,827 | $138,158 | $248,835 |
| Median Household Income | $19,720 | $26,331 | $80,455 |
| Price-to-Income Ratio | 6.2 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lajas Municipio fell about 13.4%, while median household income rose about 24.7% 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 | Lajas Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.1% | 53.7% | 58.5% |
| Rental Rate | 21.3% | 25.3% | 31.2% |
| Vacancy Rate | 29.7% | 21.0% | 10.2% |
| Median Tenure (years) | 27.0 | 24.0 | 15.0 |
| Median Year Moved In | 1999 | 2002 | 2011 |
Lajas Municipio has a homeownership rate of 49.1%, lower than the Puerto Rico average of 53.7%. Its housing vacancy rate is 29.7%, compared with 21.0% in Puerto Rico.
Housing Stock
| Metric | Lajas Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1982 | 1980 | 1978 |
| Median Number of Rooms | 4.4 | 4.7 | 5.5 |
The typical housing unit in Lajas Municipio was built around 1982. On average, 2.6 people live in a home with about 4.4 rooms, staying for about 27.0 years on average.
Lajas Municipio, PR Housing Compared With Nearby Counties
Lajas Municipio, PR is typical in size for this group, 23,035 residents against a local median of 22,360, so the measures below are close to a like for like comparison. Lajas Municipio, PR's median home price, at $122,827, runs 42% below the $212,500 typical of the counties around it.
The counties themselves spread $199,265 on median home price, so Lajas Municipio, PR sits at one end of an already wide local range rather than apart from it. Lajas Municipio, PR has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lajas Municipio, PR | 23,035 | $122,827 #4/4 | $478 #2/4 | 69.8% #3/4 |
| Guánica Municipio, PR | 12,849 | $332,702 | $348 | 68.7% |
| Sabana Grande Municipio, PR | 22,360 | $133,437 | $463 | 76.4% |
| Cabo Rojo Municipio, PR | 46,876 | $212,500 | $589 | 75.6% |
Frequently Asked Questions
Common questions about the housing market in Lajas Municipio, Puerto Rico.
What is the median home price in Lajas Municipio, Puerto Rico?
The median home price in Lajas Municipio, Puerto Rico is $122,827, lower than the Puerto Rico average of $138,158.
What is the average home price in Lajas Municipio, Puerto Rico?
The typical home price in Lajas Municipio, Puerto Rico, reported as the median sale price, is $122,827. 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 Lajas Municipio, Puerto Rico?
The median gross rent in Lajas Municipio, Puerto Rico is $478 per month, lower than the Puerto Rico average of $578.
What was the median gross rent in Lajas Municipio in 2020?
In 2020, the median gross rent in Lajas Municipio, Puerto Rico was $469 per month.
What is the price-to-rent ratio in Lajas Municipio, Puerto Rico?
The price-to-rent ratio in Lajas Municipio, Puerto Rico is about 21.4, meaning it would take roughly 21.4 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 Lajas Municipio.
Are home prices or rent rising faster in Lajas Municipio, Puerto Rico?
Home prices and rent are moving in opposite directions in Lajas Municipio: home prices fell about 1.1% a year while rent rose about 1.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Lajas Municipio, Puerto Rico?
49.1% of households in Lajas Municipio, Puerto Rico own their home, lower than the Puerto Rico average of 53.7%.
What is the vacancy rate in Lajas Municipio, Puerto Rico?
The housing vacancy rate in Lajas Municipio, Puerto Rico is 29.7%, higher than the Puerto Rico average of 21.0%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →