Las Piedras Municipio, Puerto Rico Housing Market Prices
Las Piedras 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 352% above the Puerto Rico median Most expensive county in Puerto Rico$625,000
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Median rent 2% below the Puerto Rico median$565
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Las Piedras Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $138,158 | $248,835 |
| Price Trend (Annual %) | 33.3% | 1.3% | 7.5% |
| Median Gross Rent | $565 | $578 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 2.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Las Piedras Municipio is about 352% higher than in Puerto Rico. Rent is about 2% lower 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 Las Piedras Municipio, up about 33.3% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Las Piedras Municipio rose about 24.0% between 2015 and 2024, from $456 to $565. Over the same span, rent in Puerto Rico rose about 26.7%.
Affordability
On average, housing unit costs 24.7 yearly household incomes in Las Piedras Municipio.
Buying the median-priced home in Las Piedras Municipio costs roughly 92.2 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 Las Piedras Municipio. The price-to-rent ratio in Puerto Rico is about 19.9.
| Metric | Las Piedras Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $138,158 | $248,835 |
| Median Household Income | $25,310 | $26,331 | $80,455 |
| Price-to-Income Ratio | 24.7 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Las Piedras Municipio rose about 328.2%, while median household income rose about 43.3% 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 | Las Piedras Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.4% | 53.7% | 58.5% |
| Rental Rate | 21.5% | 25.3% | 31.2% |
| Vacancy Rate | 17.1% | 21.0% | 10.2% |
| Median Tenure (years) | 24.0 | 24.0 | 15.0 |
| Median Year Moved In | 2002 | 2002 | 2011 |
Las Piedras Municipio has a homeownership rate of 61.4%, higher than the Puerto Rico average of 53.7%. Its housing vacancy rate is 17.1%, compared with 21.0% in Puerto Rico.
Housing Stock
| Metric | Las Piedras Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.67 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1986 | 1980 | 1978 |
| Median Number of Rooms | 4.2 | 4.7 | 5.5 |
The typical housing unit in Las Piedras Municipio was built around 1986. On average, 2.7 people live in a home with about 4.2 rooms, staying for about 24.0 years on average.
Las Piedras Municipio, PR Housing Compared With Nearby Counties
Las Piedras Municipio, PR is typical in size for this group, 34,951 residents against a local median of 36,814, so the measures below are close to a like for like comparison. Las Piedras Municipio, PR's median home price, at $625,000, runs more than 7 times the $89,166 typical of the counties around it.
The counties themselves sit within $195,262 of each other on median home price, a tighter band than the gap between any of them and Las Piedras Municipio, PR, which makes it a genuine outlier here rather than one end of a wide local spread. Las Piedras Municipio, PR has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Las Piedras Municipio, PR | 34,951 | $625,000 #1/4 | $565 #3/4 | 74.1% #2/4 |
| Juncos Municipio, PR | 36,814 | $76,612 | $577 | 70.4% |
| Humacao Municipio, PR | 50,100 | $271,875 | $568 | 74.2% |
| Naguabo Municipio, PR | 23,054 | $89,166 | $527 | 73.1% |
Frequently Asked Questions
Common questions about the housing market in Las Piedras Municipio, Puerto Rico.
What is the median home price in Las Piedras Municipio, Puerto Rico?
The median home price in Las Piedras Municipio, Puerto Rico is $625,000, higher than the Puerto Rico average of $138,158.
What is the average home price in Las Piedras Municipio, Puerto Rico?
The typical home price in Las Piedras Municipio, Puerto Rico, reported as the median sale price, is $625,000. 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 Las Piedras Municipio, Puerto Rico?
The median gross rent in Las Piedras Municipio, Puerto Rico is $565 per month, lower than the Puerto Rico average of $578.
What was the median gross rent in Las Piedras Municipio in 2020?
In 2020, the median gross rent in Las Piedras Municipio, Puerto Rico was $547 per month.
What is the price-to-rent ratio in Las Piedras Municipio, Puerto Rico?
The price-to-rent ratio in Las Piedras Municipio, Puerto Rico is about 92.2, meaning it would take roughly 92.2 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 Las Piedras Municipio.
Are home prices or rent rising faster in Las Piedras Municipio, Puerto Rico?
Both home prices and rent are rising in Las Piedras Municipio, up about 33.3% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Las Piedras Municipio, Puerto Rico?
61.4% of households in Las Piedras Municipio, Puerto Rico own their home, higher than the Puerto Rico average of 53.7%.
What is the vacancy rate in Las Piedras Municipio, Puerto Rico?
The housing vacancy rate in Las Piedras Municipio, Puerto Rico is 17.1%, lower than the Puerto Rico average of 21.0%.
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