Patillas Municipio, Puerto Rico Housing Market Prices
Patillas 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 44% below the Puerto Rico median Cheaper than 82% of counties in Puerto Rico$77,187
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Median rent 6% below the Puerto Rico median$542
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Patillas Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,187 | $138,158 | $248,835 |
| Price Trend (Annual %) | 17.0% | 1.3% | 7.5% |
| Median Gross Rent | $542 | $578 | $1,407 |
| Rent Trend (Annual %) | 6.1% | 2.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Patillas Municipio is about 44% lower than in Puerto Rico. Rent is about 6% 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 Patillas Municipio, up about 17.0% and 6.1% a year respectively. Home prices are changing faster.
Median rent in Patillas Municipio rose about 61.4% between 2015 and 2024, from $336 to $542. Over the same span, rent in Puerto Rico rose about 26.7%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Patillas Municipio.
Buying the median-priced home in Patillas Municipio costs roughly 11.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Patillas Municipio. The price-to-rent ratio in Puerto Rico is about 19.9.
| Metric | Patillas Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,187 | $138,158 | $248,835 |
| Median Household Income | $24,138 | $26,331 | $80,455 |
| Price-to-Income Ratio | 3.2 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Patillas Municipio fell about 15.1%, while median household income rose about 50.5% 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 | Patillas Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.0% | 53.7% | 58.5% |
| Rental Rate | 23.9% | 25.3% | 31.2% |
| Vacancy Rate | 22.1% | 21.0% | 10.2% |
| Median Tenure (years) | 25.0 | 24.0 | 15.0 |
| Median Year Moved In | 2001 | 2002 | 2011 |
Patillas Municipio has a homeownership rate of 54.0%, about the same as the Puerto Rico average of 53.7%. Its housing vacancy rate is 22.1%, compared with 21.0% in Puerto Rico.
Housing Stock
| Metric | Patillas Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 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 Patillas Municipio was built around 1983. On average, 2.4 people live in a home with about 4.3 rooms, staying for about 25.0 years on average.
Patillas Municipio, PR Housing Compared With Nearby Counties
How Patillas Municipio, PR compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Patillas Municipio, PR | 15,563 | $77,187 #2/2 | $542 #1/2 | 69.3% #1/2 |
| Guayama Municipio, PR | 35,297 | $136,250 | $436 | 68.3% |
Frequently Asked Questions
Common questions about the housing market in Patillas Municipio, Puerto Rico.
What is the median home price in Patillas Municipio, Puerto Rico?
The median home price in Patillas Municipio, Puerto Rico is $77,187, lower than the Puerto Rico average of $138,158.
What is the average home price in Patillas Municipio, Puerto Rico?
The typical home price in Patillas Municipio, Puerto Rico, reported as the median sale price, is $77,187. 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 Patillas Municipio, Puerto Rico?
The median gross rent in Patillas Municipio, Puerto Rico is $542 per month, lower than the Puerto Rico average of $578.
What was the median gross rent in Patillas Municipio in 2020?
In 2020, the median gross rent in Patillas Municipio, Puerto Rico was $329 per month.
What is the price-to-rent ratio in Patillas Municipio, Puerto Rico?
The price-to-rent ratio in Patillas Municipio, Puerto Rico is about 11.9, meaning it would take roughly 11.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Patillas Municipio.
Are home prices or rent rising faster in Patillas Municipio, Puerto Rico?
Both home prices and rent are rising in Patillas Municipio, up about 17.0% and 6.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Patillas Municipio, Puerto Rico?
54.0% of households in Patillas Municipio, Puerto Rico own their home, higher than the Puerto Rico average of 53.7%.
What is the vacancy rate in Patillas Municipio, Puerto Rico?
The housing vacancy rate in Patillas Municipio, Puerto Rico is 22.1%, higher than the Puerto Rico average of 21.0%.
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