Luquillo Municipio, Puerto Rico Housing Market Prices
Luquillo 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 14% below the Puerto Rico median$119,140
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Median rent 13% below the Puerto Rico median$504
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Luquillo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $119,140 | $138,158 | $248,835 |
| Price Trend (Annual %) | 7.0% | 1.3% | 7.5% |
| Median Gross Rent | $504 | $578 | $1,407 |
| Rent Trend (Annual %) | 1.0% | 2.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Luquillo Municipio is about 14% lower than in Puerto Rico. Rent is about 13% 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 Luquillo Municipio, up about 7.0% and 1.0% a year respectively. Home prices are changing faster.
Median rent in Luquillo Municipio rose about 3.2% between 2015 and 2024, from $488 to $504. Over the same span, rent in Puerto Rico rose about 26.7%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Luquillo Municipio.
Buying the median-priced home in Luquillo Municipio costs roughly 19.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Luquillo Municipio. The price-to-rent ratio in Puerto Rico is about 19.9.
| Metric | Luquillo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $119,140 | $138,158 | $248,835 |
| Median Household Income | $24,248 | $26,331 | $80,455 |
| Price-to-Income Ratio | 4.9 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Luquillo Municipio rose about 34.2%, while median household income rose about 8.9% 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 | Luquillo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.4% | 53.7% | 58.5% |
| Rental Rate | 20.0% | 25.3% | 31.2% |
| Vacancy Rate | 35.6% | 21.0% | 10.2% |
| Median Tenure (years) | 24.0 | 24.0 | 15.0 |
| Median Year Moved In | 2002 | 2002 | 2011 |
Luquillo Municipio has a homeownership rate of 44.4%, lower than the Puerto Rico average of 53.7%. Its housing vacancy rate is 35.6%, compared with 21.0% in Puerto Rico.
Housing Stock
| Metric | Luquillo Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1983 | 1980 | 1978 |
| Median Number of Rooms | 4.3 | 4.7 | 5.5 |
The typical housing unit in Luquillo Municipio was built around 1983. On average, 2.5 people live in a home with about 4.3 rooms, staying for about 24.0 years on average.
Luquillo Municipio, PR Housing Compared With Nearby Counties
Luquillo Municipio, PR is the 5th largest of the 6 counties compared here, 17,532 residents against a local median of 31,489. Nothing separates Luquillo Municipio, PR sharply from the counties around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is median home price, 14% below the local median at $119,140 against $137,916. Luquillo Municipio, PR has the 4th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Luquillo Municipio, PR | 17,532 | $119,140 #4/6 | $504 #6/6 | 68.9% #5/6 |
| RÃo Grande Municipio, PR | 46,051 | $157,366 | $585 | 71.1% |
| Fajardo Municipio, PR | 31,489 | $137,916 | $624 | 66.7% |
| Naguabo Municipio, PR | 23,054 | $89,166 | $527 | 73.1% |
| Canóvanas Municipio, PR | 41,816 | $207,888 | $567 | 72.7% |
| Ceiba Municipio, PR | 10,995 | $105,625 | $538 | 75.5% |
Frequently Asked Questions
Common questions about the housing market in Luquillo Municipio, Puerto Rico.
What is the median home price in Luquillo Municipio, Puerto Rico?
The median home price in Luquillo Municipio, Puerto Rico is $119,140, lower than the Puerto Rico average of $138,158.
What is the average home price in Luquillo Municipio, Puerto Rico?
The typical home price in Luquillo Municipio, Puerto Rico, reported as the median sale price, is $119,140. 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 Luquillo Municipio, Puerto Rico?
The median gross rent in Luquillo Municipio, Puerto Rico is $504 per month, lower than the Puerto Rico average of $578.
What was the median gross rent in Luquillo Municipio in 2020?
In 2020, the median gross rent in Luquillo Municipio, Puerto Rico was $470 per month.
What is the price-to-rent ratio in Luquillo Municipio, Puerto Rico?
The price-to-rent ratio in Luquillo Municipio, Puerto Rico is about 19.7, meaning it would take roughly 19.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Luquillo Municipio.
Are home prices or rent rising faster in Luquillo Municipio, Puerto Rico?
Both home prices and rent are rising in Luquillo Municipio, up about 7.0% and 1.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Luquillo Municipio, Puerto Rico?
44.4% of households in Luquillo Municipio, Puerto Rico own their home, lower than the Puerto Rico average of 53.7%.
What is the vacancy rate in Luquillo Municipio, Puerto Rico?
The housing vacancy rate in Luquillo Municipio, Puerto Rico is 35.6%, higher than the Puerto Rico average of 21.0%.
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