Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Vieques Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $270,382 | $132,443 | $242,182 |
| Price Trend (Annual %) | 10.6% | 0.9% | 8.2% |
| Median Gross Rent | $424 | $562 | $1,342 |
| Rent Trend (Annual %) | -4.3% | 2.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Vieques Municipio is about 104% higher than in Puerto Rico. Rent is about 25% lower than the Puerto Rico average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Vieques Municipio: home prices rose about 10.6% a year while rent fell about 4.3% a year. That is an unusual pattern worth watching.
Median rent in Vieques Municipio fell about 28.1% between 2015 and 2023, from $589 to $424. Over the same span, rent in Puerto Rico rose about 23.3%.
Affordability
On average, housing unit costs 14.2 yearly household incomes in Vieques Municipio.
Buying the median-priced home in Vieques Municipio costs roughly 53.2 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 Vieques Municipio. The price-to-rent ratio in Puerto Rico is about 19.6.
| Metric | Vieques Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Home Price | $270,382 | $132,443 | $242,182 |
| Median Household Income | $19,095 | $25,099 | $78,145 |
| Price-to-Income Ratio | 14.2 | 5.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Vieques Municipio rose about 85.6%, while median household income rose about 28.1% between 2009 and 2023 — 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 | Vieques Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 35.0% | 53.6% | 58.2% |
| Rental Rate | 15.8% | 25.1% | 31.3% |
| Vacancy Rate | 49.2% | 21.3% | 10.6% |
| Median Tenure (years) | 26.0 | 24.0 | 15.0 |
| Median Year Moved In | 2000 | 2002 | 2011 |
Vieques Municipio has a homeownership rate of 35.0%, lower than the Puerto Rico average of 53.6%. Its housing vacancy rate is 49.2%, compared with 21.3% in Puerto Rico.
Housing Stock
| Metric | Vieques Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.05 people | 2.59 people | 2.54 people |
| Median Structure Built Year | 1987 | 1980 | 1978 |
| Median Number of Rooms | 4.0 | 4.7 | 5.5 |
The typical housing unit in Vieques Municipio was built around 1987. On average, 3.1 people live in a home with about 4.0 rooms, staying for about 26.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Vieques Municipio, Puerto Rico.
What is the median home price in Vieques Municipio, Puerto Rico?
The median home price in Vieques Municipio, Puerto Rico is $270,382, higher than the Puerto Rico average of $132,443.
What is the average home price in Vieques Municipio, Puerto Rico?
The typical home price in %s, reported as the median sale price, is %s. 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 Vieques Municipio, Puerto Rico?
The median gross rent in Vieques Municipio, Puerto Rico is $424 per month, lower than the Puerto Rico average of $562.
What was the median gross rent in Vieques Municipio in 2020?
In 2020, the median gross rent in Vieques Municipio, Puerto Rico was $607 per month.
What is the price-to-rent ratio in Vieques Municipio, Puerto Rico?
The price-to-rent ratio in Vieques Municipio, Puerto Rico is about 53.2, meaning it would take roughly 53.2 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 Vieques Municipio.
Are home prices or rent rising faster in Vieques Municipio, Puerto Rico?
Home prices and rent are moving in opposite directions in Vieques Municipio: home prices rose about 10.6% a year while rent fell about 4.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Vieques Municipio, Puerto Rico?
35.0% of households in Vieques Municipio, Puerto Rico own their home, lower than the Puerto Rico average of 53.6%.
What is the vacancy rate in Vieques Municipio, Puerto Rico?
The housing vacancy rate in Vieques Municipio, Puerto Rico is 49.2%, higher than the Puerto Rico average of 21.3%.