Toa Alta Municipio, Puerto Rico Housing Market Prices
Toa Alta 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% above the Puerto Rico median More expensive than 83% of counties in Puerto Rico$198,262
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Median rent 19% above the Puerto Rico median More expensive than 94% of counties in Puerto Rico$690
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Toa Alta Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $198,262 | $138,158 | $248,835 |
| Price Trend (Annual %) | 5.9% | 1.3% | 7.5% |
| Median Gross Rent | $690 | $578 | $1,407 |
| Rent Trend (Annual %) | 1.7% | 2.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Toa Alta Municipio is about 44% higher than in Puerto Rico. Rent is about 19% higher 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 Toa Alta Municipio, up about 5.9% and 1.7% a year respectively. Home prices are changing faster.
Median rent in Toa Alta Municipio rose about 18.6% between 2015 and 2024, from $581 to $690. Over the same span, rent in Puerto Rico rose about 26.7%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Toa Alta Municipio.
Buying the median-priced home in Toa Alta Municipio costs roughly 24.0 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 Toa Alta Municipio. The price-to-rent ratio in Puerto Rico is about 19.9.
| Metric | Toa Alta Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $198,262 | $138,158 | $248,835 |
| Median Household Income | $35,253 | $26,331 | $80,455 |
| Price-to-Income Ratio | 5.6 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Toa Alta Municipio rose about 18.5%, while median household income rose about 32.4% 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 | Toa Alta Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.6% | 53.7% | 58.5% |
| Rental Rate | 16.8% | 25.3% | 31.2% |
| Vacancy Rate | 13.5% | 21.0% | 10.2% |
| Median Tenure (years) | 24.0 | 24.0 | 15.0 |
| Median Year Moved In | 2002 | 2002 | 2011 |
Toa Alta Municipio has a homeownership rate of 69.6%, higher than the Puerto Rico average of 53.7%. Its housing vacancy rate is 13.5%, compared with 21.0% in Puerto Rico.
Housing Stock
| Metric | Toa Alta Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.73 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1980 | 1980 | 1978 |
| Median Number of Rooms | 5.0 | 4.7 | 5.5 |
The typical housing unit in Toa Alta Municipio was built around 1980. On average, 2.7 people live in a home with about 5.0 rooms, staying for about 24.0 years on average.
Toa Alta Municipio, PR Housing Compared With Nearby Counties
Toa Alta Municipio, PR is the 3rd largest of the 6 counties compared here, 66,321 residents against a local median of 35,810. Toa Alta Municipio, PR's median home price, at $198,262, runs 30% above the $152,526 typical of the counties around it.
The counties themselves spread $76,173 on median home price, so Toa Alta Municipio, PR sits at one end of an already wide local range rather than apart from it. Toa Alta Municipio, PR has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Toa Alta Municipio, PR | 66,321 | $198,262 #1/6 | $690 #4/6 | 80.5% #1/6 |
| Naranjito Municipio, PR | 29,307 | $152,526 | $487 | 69.4% |
| Bayamón Municipio, PR | 182,469 | $95,749 | $703 | 70.1% |
| Corozal Municipio, PR | 34,444 | $133,407 | $496 | 75.3% |
| Toa Baja Municipio, PR | 73,039 | $171,922 | $712 | 69.1% |
| Dorado Municipio, PR | 35,810 | $163,851 | $715 | 78.8% |
Frequently Asked Questions
Common questions about the housing market in Toa Alta Municipio, Puerto Rico.
What is the median home price in Toa Alta Municipio, Puerto Rico?
The median home price in Toa Alta Municipio, Puerto Rico is $198,262, higher than the Puerto Rico average of $138,158.
What is the average home price in Toa Alta Municipio, Puerto Rico?
The typical home price in Toa Alta Municipio, Puerto Rico, reported as the median sale price, is $198,262. 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 Toa Alta Municipio, Puerto Rico?
The median gross rent in Toa Alta Municipio, Puerto Rico is $690 per month, higher than the Puerto Rico average of $578.
What was the median gross rent in Toa Alta Municipio in 2020?
In 2020, the median gross rent in Toa Alta Municipio, Puerto Rico was $674 per month.
What is the price-to-rent ratio in Toa Alta Municipio, Puerto Rico?
The price-to-rent ratio in Toa Alta Municipio, Puerto Rico is about 24.0, meaning it would take roughly 24.0 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 Toa Alta Municipio.
Are home prices or rent rising faster in Toa Alta Municipio, Puerto Rico?
Both home prices and rent are rising in Toa Alta Municipio, up about 5.9% and 1.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Toa Alta Municipio, Puerto Rico?
69.6% of households in Toa Alta Municipio, Puerto Rico own their home, higher than the Puerto Rico average of 53.7%.
What is the vacancy rate in Toa Alta Municipio, Puerto Rico?
The housing vacancy rate in Toa Alta Municipio, Puerto Rico is 13.5%, lower than the Puerto Rico average of 21.0%.
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