Canovanas Municipio, PR

2024 Fair Market Rents

Tags: 2024 San Juan-Guaynabo, PR HUD Metro FMR Area

Return to the state page to see where Puerto Rico ranks nationally and to view information on other counties.

The top three largest cities in Canovanas Municipio are Canovanas, Rio Grande, and Carolina. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Canovanas Municipio use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Canovanas Municipio is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Canovanas Municipio compare?

Canovanas Municipio ($668) has a 16.4% higher FMR for 2-Bedroom housing than the average of Puerto Rico ($574) and therefore a higher gross rent.

Canovanas Municipio is rank 1st out of 78 counties. This means the FMRs, or in other words, the gross rent is higher than all other counties. Canovanas Municipio is the most expensive county in terms of FMRs.

Rent Tables Canovanas Municipio, PR

Fair Market Rent (40th Percentile)

$556
studio
$583
1-Bedroom
$668
2-Bedroom
$882
3-Bedroom
$1,056
4-Bedroom

Median Rent (50th Percentile)

$603
studio
$633
1-Bedroom
$725
2-Bedroom
$957
3-Bedroom
$1,146
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
00729 $0 $580 $660 $870 $1,040
00729 $0 $580 $660 $870 $1,040
00745 $0 $580 $660 $870 $1,040
00979 $0 $870 $1,000 $1,320 $1,580
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
00729 $495 $522 $594 $783 $936
00729 $495 $522 $594 $783 $936
00745 $495 $522 $594 $783 $936
00979 $747 $783 $900 $1,188 $1,422
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
00729 $605 $638 $726 $957 $1,144
00729 $605 $638 $726 $957 $1,144
00745 $605 $638 $726 $957 $1,144
00979 $913 $957 $1,100 $1,452 $1,738

Fair Market Rents on this page apply to the following cities in Canovanas Municipio, Puerto Rico: Canovanas, Rio Grande, and Carolina.

These Fair Market Rents also apply to the following ZIP codes in Canovanas Municipio, Puerto Rico: 00729, 00745, and 00979.

Canovanas Municipio, PR is considered part of the following metro FMR area: SAN JUAN-GUAYNABO, PR HUD METRO FMR AREA.

Other counties in the same metro FMR area are: Naranjito Municipio, PR, San Juan Municipio, PR, Humacao Municipio, PR, Juncos Municipio, PR, Rio Grande Municipio, PR, Guaynabo Municipio, PR, Las Piedras Municipio, PR, Toa Alta Municipio, PR, Toa Baja Municipio, PR, Florida Municipio, PR, Dorado Municipio, PR, Trujillo Alto Municipio, PR, Corozal Municipio, PR, Comerio Municipio, PR, Loiza Municipio, PR, Catano Municipio, PR, Carolina Municipio, PR, Yabucoa Municipio, PR, Aguas Buenas Municipio, PR, Manati Municipio, PR, Naguabo Municipio, PR, Vega Alta Municipio, PR, Bayamon Municipio, PR, Maunabo Municipio, PR, Barceloneta Municipio, PR, Vega Baja Municipio, PR, and Morovis Municipio, PR.

More on Canovanas Municipio, PR

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.