Toa Baja Municipio, Puerto Rico Housing Market Prices
Toa Baja 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 24% above the Puerto Rico median More expensive than 74% of counties in Puerto Rico$171,922
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Median rent 23% above the Puerto Rico median Among the 3 most expensive counties in Puerto Rico$712
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Toa Baja Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $171,922 | $138,158 | $248,835 |
| Price Trend (Annual %) | 5.0% | 1.3% | 7.5% |
| Median Gross Rent | $712 | $578 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 2.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Toa Baja Municipio is about 24% higher than in Puerto Rico. Rent is about 23% 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 Baja Municipio, up about 5.0% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Toa Baja Municipio rose about 31.5% between 2015 and 2024, from $542 to $712. Over the same span, rent in Puerto Rico rose about 26.7%.
Affordability
On average, housing unit costs 5.5 yearly household incomes in Toa Baja Municipio.
Buying the median-priced home in Toa Baja Municipio costs roughly 20.1 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 Baja Municipio. The price-to-rent ratio in Puerto Rico is about 19.9.
| Metric | Toa Baja Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $171,922 | $138,158 | $248,835 |
| Median Household Income | $31,541 | $26,331 | $80,455 |
| Price-to-Income Ratio | 5.5 | 5.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Toa Baja Municipio rose about 27.9%, while median household income rose about 24.7% 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 | Toa Baja Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.6% | 53.7% | 58.5% |
| Rental Rate | 25.3% | 25.3% | 31.2% |
| Vacancy Rate | 18.2% | 21.0% | 10.2% |
| Median Tenure (years) | 24.0 | 24.0 | 15.0 |
| Median Year Moved In | 2002 | 2002 | 2011 |
Toa Baja Municipio has a homeownership rate of 56.6%, higher than the Puerto Rico average of 53.7%. Its housing vacancy rate is 18.2%, compared with 21.0% in Puerto Rico.
Housing Stock
| Metric | Toa Baja Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1977 | 1980 | 1978 |
| Median Number of Rooms | 4.8 | 4.7 | 5.5 |
The typical housing unit in Toa Baja Municipio was built around 1977. On average, 2.4 people live in a home with about 4.8 rooms, staying for about 24.0 years on average.
Toa Baja Municipio, PR Housing Compared With Nearby Counties
Toa Baja Municipio, PR is the 3rd largest of the 5 counties compared here, 73,039 residents against a local median of 124,395. Toa Baja 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 homeownership, 7% below the local median at 69.1% against 74.5%. Toa Baja Municipio, PR has the 4th highest homeownership of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Toa Baja Municipio, PR | 73,039 | $171,922 #3/5 | $712 #2/5 | 69.1% #4/5 |
| Dorado Municipio, PR | 35,810 | $163,851 | $715 | 78.8% |
| Bayamón Municipio, PR | 182,469 | $95,749 | $703 | 70.1% |
| Toa Alta Municipio, PR | 66,321 | $198,262 | $690 | 80.5% |
| San Juan Municipio, PR | 333,472 | $176,034 | $611 | 52.8% |
Frequently Asked Questions
Common questions about the housing market in Toa Baja Municipio, Puerto Rico.
What is the median home price in Toa Baja Municipio, Puerto Rico?
The median home price in Toa Baja Municipio, Puerto Rico is $171,922, higher than the Puerto Rico average of $138,158.
What is the average home price in Toa Baja Municipio, Puerto Rico?
The typical home price in Toa Baja Municipio, Puerto Rico, reported as the median sale price, is $171,922. 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 Baja Municipio, Puerto Rico?
The median gross rent in Toa Baja Municipio, Puerto Rico is $712 per month, higher than the Puerto Rico average of $578.
What was the median gross rent in Toa Baja Municipio in 2020?
In 2020, the median gross rent in Toa Baja Municipio, Puerto Rico was $593 per month.
What is the price-to-rent ratio in Toa Baja Municipio, Puerto Rico?
The price-to-rent ratio in Toa Baja Municipio, Puerto Rico is about 20.1, meaning it would take roughly 20.1 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 Baja Municipio.
Are home prices or rent rising faster in Toa Baja Municipio, Puerto Rico?
Both home prices and rent are rising in Toa Baja Municipio, up about 5.0% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Toa Baja Municipio, Puerto Rico?
56.6% of households in Toa Baja Municipio, Puerto Rico own their home, higher than the Puerto Rico average of 53.7%.
What is the vacancy rate in Toa Baja Municipio, Puerto Rico?
The housing vacancy rate in Toa Baja Municipio, Puerto Rico is 18.2%, lower than the Puerto Rico average of 21.0%.
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