Orocovis Municipio, Puerto Rico Housing Market Prices
Orocovis 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 10% above the Puerto Rico median$151,293
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Median rent 14% below the Puerto Rico median$498
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Orocovis Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $151,293 | $138,158 | $248,835 |
| Price Trend (Annual %) | 6.2% | 1.3% | 7.5% |
| Median Gross Rent | $498 | $578 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 2.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Orocovis Municipio is about 10% higher than in Puerto Rico. Rent is about 14% 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 Orocovis Municipio, up about 6.2% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Orocovis Municipio rose about 42.7% between 2015 and 2024, from $349 to $498. Over the same span, rent in Puerto Rico rose about 26.7%.
Affordability
On average, housing unit costs 7.5 yearly household incomes in Orocovis Municipio.
Buying the median-priced home in Orocovis Municipio costs roughly 25.3 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 Orocovis Municipio. The price-to-rent ratio in Puerto Rico is about 19.9.
| Metric | Orocovis Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $151,293 | $138,158 | $248,835 |
| Median Household Income | $20,260 | $26,331 | $80,455 |
| Price-to-Income Ratio | 7.5 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Orocovis Municipio rose about 58.7%, while median household income rose about 33.9% 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 | Orocovis Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.7% | 53.7% | 58.5% |
| Rental Rate | 22.6% | 25.3% | 31.2% |
| Vacancy Rate | 23.7% | 21.0% | 10.2% |
| Median Tenure (years) | 28.0 | 24.0 | 15.0 |
| Median Year Moved In | 1998 | 2002 | 2011 |
Orocovis Municipio has a homeownership rate of 53.7%, about the same as the Puerto Rico average of 53.7%. Its housing vacancy rate is 23.7%, compared with 21.0% in Puerto Rico.
Housing Stock
| Metric | Orocovis Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.01 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1984 | 1980 | 1978 |
| Median Number of Rooms | 4.6 | 4.7 | 5.5 |
The typical housing unit in Orocovis Municipio was built around 1984. On average, 3.0 people live in a home with about 4.6 rooms, staying for about 28.0 years on average.
Orocovis Municipio, PR Housing Compared With Nearby Counties
Orocovis Municipio, PR is the smallest of the 4 counties compared here, 21,309 residents against a local median of 29,054. Orocovis Municipio, PR sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median home price, 13% above the local median at $151,293 against $133,407. Orocovis Municipio, PR has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Orocovis Municipio, PR | 21,309 | $151,293 #2/4 | $498 #3/4 | 70.4% #3/4 |
| Morovis Municipio, PR | 28,397 | $151,492 | $618 | 73.5% |
| Barranquitas Municipio, PR | 29,054 | $28,695 | $505 | 66.7% |
| Corozal Municipio, PR | 34,444 | $133,407 | $496 | 75.3% |
Frequently Asked Questions
Common questions about the housing market in Orocovis Municipio, Puerto Rico.
What is the median home price in Orocovis Municipio, Puerto Rico?
The median home price in Orocovis Municipio, Puerto Rico is $151,293, higher than the Puerto Rico average of $138,158.
What is the average home price in Orocovis Municipio, Puerto Rico?
The typical home price in Orocovis Municipio, Puerto Rico, reported as the median sale price, is $151,293. 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 Orocovis Municipio, Puerto Rico?
The median gross rent in Orocovis Municipio, Puerto Rico is $498 per month, lower than the Puerto Rico average of $578.
What was the median gross rent in Orocovis Municipio in 2020?
In 2020, the median gross rent in Orocovis Municipio, Puerto Rico was $419 per month.
What is the price-to-rent ratio in Orocovis Municipio, Puerto Rico?
The price-to-rent ratio in Orocovis Municipio, Puerto Rico is about 25.3, meaning it would take roughly 25.3 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 Orocovis Municipio.
Are home prices or rent rising faster in Orocovis Municipio, Puerto Rico?
Both home prices and rent are rising in Orocovis Municipio, up about 6.2% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Orocovis Municipio, Puerto Rico?
53.7% of households in Orocovis Municipio, Puerto Rico own their home, about the same as the Puerto Rico average.
What is the vacancy rate in Orocovis Municipio, Puerto Rico?
The housing vacancy rate in Orocovis Municipio, Puerto Rico is 23.7%, higher than the Puerto Rico average of 21.0%.
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