Rental Markets in Puerto Rico

DoorBase tracks rental market data across Puerto Rico by ZIP code. This state page is a crawlable index for investors comparing rents, cap-rate estimates, vacancy, demographics, home values, renter share, household income, and employment conditions before drilling into individual ZIP pages.

Puerto Rico Rental Market Overview

The current sample of indexable Puerto Rico ZIP markets shows average median rent of $564, average median home value of $125,123, average cap-rate high of 4.1%, average vacancy of 20.5%, renter ratio near 31.3%, and median household income around $25,260. These statewide figures are directional and should be used to compare markets before reviewing a specific ZIP code.

Puerto Rico is not one rental market. Large cities, inner suburbs, commuter towns, college markets, rural counties, resort areas, and industrial corridors can produce very different rent levels and ownership economics. DoorBase keeps the canonical content at the ZIP level so investors can move from a broad state view into the most precise local data available.

Featured Puerto Rico ZIP Markets

ZIP	City	Rent	Cap Rate	Vacancy	Population
00926	San Juan	$717	1.9-3.5%	16.3%	93,308
00725	Caguas	$558	2.1-3.7%	15.9%	76,246
00956	Bayamon	$645	2.6-4.2%	17.1%	67,050
00949	Toa Baja	$724	2.9-4.5%	17%	66,714
00953	Toa Alta	$752	2.7-4.3%	13.8%	66,475
00612	Arecibo	$503	2.4-4%	22.7%	62,462
00976	Trujillo Alto	$605	1.9-3.5%	13.2%	61,306
00693	Vega Baja	$600	2.9-4.5%	20.5%	55,725
00987	Carolina	$778	2.9-4.5%	13.6%	55,039
00727	Caguas	$821	3.2-4.8%	11.7%	53,412
00603	Aguadilla	$448	1.5-3.1%	22.7%	48,317
00924	San Juan	$537	2-3.6%	18.9%	47,800
00729	Canovanas	$606	2.9-4.5%	14.8%	47,653
00745	Rio Grande	$580	2.4-4%	27.8%	47,077
00959	Bayamon	$666	2.4-4%	16.4%	46,409
00791	Humacao	$526	2.4-4%	29.9%	45,912
00736	Cayey	$546	2-3.6%	16.4%	45,528
00795	Juana Diaz	$522	2.9-4.5%	17.4%	43,212
00680	Mayaguez	$463	2.5-4.1%	30.3%	42,817
00969	Guaynabo	$963	2-3.6%	12.3%	41,619
00662	Isabela	$555	2.5-4.1%	28.5%	40,705
00778	Gurabo	$674	2.2-3.8%	12.6%	40,391
00957	Bayamon	$680	2.8-4.4%	14.1%	40,357
00685	San Sebastian	$470	2.3-3.9%	22.9%	40,323
00674	Manati	$551	2.6-4.2%	21%	39,288
00623	Cabo Rojo	$576	2.7-4.3%	26.7%	39,005
00602	Aguada	$465	2.3-3.9%	27.1%	37,510
00728	Ponce	$517	2.6-4.2%	16.2%	37,322
00777	Juncos	$589	2.8-4.4%	16.9%	37,243
00659	Hatillo	$598	2.5-4.1%	21.8%	37,203
00676	Moca	$506	2.3-3.9%	19.9%	36,836
00754	San Lorenzo	$552	2.7-4.3%	14.7%	36,822
00646	Dorado	$688	2.4-4%	23.9%	36,099
00784	Guayama	$443	2.3-3.9%	18.2%	35,405
00771	Las Piedras	$493	2.1-3.7%	17.5%	35,165
00739	Cidra	$547	2-3.6%	12.5%	34,595
00783	Corozal	$527	2.4-4%	18.6%	34,266
00921	San Juan	$605	2.1-3.7%	18.2%	34,197
00769	Coamo	$518	2.8-4.4%	19%	33,953
00698	Yauco	$521	3-4.6%	27.1%	32,945
00627	Camuy	$574	3.1-4.7%	16.9%	32,753
00692	Vega Alta	$667	2.7-4.3%	18%	32,717
00730	Ponce	$496	2.7-4.3%	22.2%	31,976
00985	Carolina	$554	2-3.6%	15.9%	31,783
00983	Carolina	$601	2-3.6%	19.9%	31,583
00767	Yabucoa	$500	2.9-4.5%	16.6%	30,453
00682	Mayaguez	$448	2-3.6%	25.4%	29,939
00738	Fajardo	$617	2.9-4.5%	31.6%	29,797
00719	Naranjito	$484	2.5-4.1%	18.4%	29,732
00683	San German	$466	2.5-4.1%	27.4%	29,431
00961	Bayamon	$736	2.4-4%	13.1%	28,891
00687	Morovis	$572	2.8-4.4%	18.3%	28,534
00794	Barranquitas	$504	2.2-3.8%	16.3%	28,450
00716	Ponce	$511	2.3-3.9%	16.6%	27,705
00669	Lares	$496	2.7-4.3%	15.8%	27,534
00971	Guaynabo	$651	2.1-3.7%	17.2%	25,499
00610	Anasco	$553	2.7-4.3%	27.4%	25,413
00678	Quebradillas	$525	2.6-4.2%	24.9%	24,848
00923	San Juan	$517	2.4-4%	24.3%	24,826
00703	Aguas Buenas	$461	1.8-3.4%	18.3%	24,642

Notable ZIP Markets in This Sample

The highest estimated cap-rate band in this sample tops out at 5.1% in ZIP 00624 (Penuelas).

The lowest vacancy in this sample is 9.5% in ZIP 00705 (Aibonito).

The highest median rent in this sample is $1,095 in ZIP 00966 (Guaynabo).

The highest median household income in this sample is $58,205 in ZIP 00969 (Guaynabo).

Rental Markets by City

San Juan

San Juan has 6 ZIP codes in this sample. Median rents range from $517 to $717. Estimated cap-rate bands reach up to 4.2% at the high end. Vacancy averages 23.0%. See ZIP 00926 for the full market profile.

Bayamon

Bayamon has 4 ZIP codes in this sample. Median rents range from $645 to $736. Estimated cap-rate bands reach up to 4.4% at the high end. Vacancy averages 15.2%. See ZIP 00956 for the full market profile.

Carolina

Carolina has 3 ZIP codes in this sample. Median rents range from $554 to $778. Estimated cap-rate bands reach up to 4.5% at the high end. Vacancy averages 16.5%. See ZIP 00987 for the full market profile.

Ponce

Ponce has 3 ZIP codes in this sample. Median rents range from $496 to $517. Estimated cap-rate bands reach up to 4.3% at the high end. Vacancy averages 18.3%. See ZIP 00728 for the full market profile.

Guaynabo

Guaynabo has 3 ZIP codes in this sample. Median rents range from $651 to $1,095. Estimated cap-rate bands reach up to 3.7% at the high end. Vacancy averages 14.9%. See ZIP 00969 for the full market profile.

Caguas

Caguas has 2 ZIP codes in this sample. Median rents range from $558 to $821. Estimated cap-rate bands reach up to 4.8% at the high end. Vacancy averages 13.8%. See ZIP 00725 for the full market profile.

Mayaguez

Mayaguez has 2 ZIP codes in this sample. Median rents range from $448 to $463. Estimated cap-rate bands reach up to 4.1% at the high end. Vacancy averages 27.9%. See ZIP 00680 for the full market profile.

Toa Baja

Toa Baja has 1 ZIP code in this sample. Sample median rent is $724. Estimated cap-rate bands reach up to 4.5% at the high end. Vacancy averages 17.0%. See ZIP 00949 for the full market profile.

Toa Alta

Toa Alta has 1 ZIP code in this sample. Sample median rent is $752. Estimated cap-rate bands reach up to 4.3% at the high end. Vacancy averages 13.8%. See ZIP 00953 for the full market profile.

Arecibo

Arecibo has 1 ZIP code in this sample. Sample median rent is $503. Estimated cap-rate bands reach up to 4.0% at the high end. Vacancy averages 22.7%. See ZIP 00612 for the full market profile.

Trujillo Alto

Trujillo Alto has 1 ZIP code in this sample. Sample median rent is $605. Estimated cap-rate bands reach up to 3.5% at the high end. Vacancy averages 13.2%. See ZIP 00976 for the full market profile.

Vega Baja

Vega Baja has 1 ZIP code in this sample. Sample median rent is $600. Estimated cap-rate bands reach up to 4.5% at the high end. Vacancy averages 20.5%. See ZIP 00693 for the full market profile.

How to Use the Puerto Rico Directory

Start with the state page to understand the range of rental markets, then open individual ZIP pages for the numbers that matter most to underwriting. A state average can hide important local differences. One ZIP may have stronger rent growth and lower vacancy while a nearby ZIP has better purchase prices but weaker renter demand.

The most useful investor workflow is to compare rent, cap rate, vacancy, home value, renter ratio, household income, population growth, unemployment, and job growth together. No single number is enough. A high cap-rate estimate can be offset by weak income, high vacancy, or limited tenant demand. A lower cap-rate estimate can still make sense if the market has strong income, job growth, and durable renter demand.

State Coverage and Internal Links

This page links into the canonical ZIP URL structure, such as /rentals/pr/30318, without bringing back city parent pages. That structure keeps DoorBase clean for search engines: state pages organize the directory, ZIP pages hold the canonical data, and future market guides can exist separately as heavier editorial SEO hubs.

DoorBase currently tracks 80 sampled ZIP markets across 64 Puerto Rico cities in this crawlable state summary. The live React page may show a broader interactive directory after JavaScript loads, while this fallback body ensures crawlers receive meaningful text and links immediately.