Luquillo Municipio, PR

2024 Fair Market Rents

Tags: 2024 Fajardo, 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 one largest cities in Luquillo Municipio are Luquillo. 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 Luquillo Municipio use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Luquillo 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 Luquillo Municipio compare?

Luquillo Municipio ($616) has a 7.3% higher FMR for 2-Bedroom housing than the average of Puerto Rico ($574) and therefore a higher gross rent.

Luquillo Municipio is rank 29th out of 78 counties. This means the FMRs, or in other words, the gross rent is higher than 49 other counties. Luquillo Municipio is the 29th most expensive county in terms of FMRs.

Rent Tables Luquillo Municipio, PR

Fair Market Rent (40th Percentile)

$534
studio
$549
1-Bedroom
$616
2-Bedroom
$800
3-Bedroom
$919
4-Bedroom

Median Rent (50th Percentile)

$574
studio
$590
1-Bedroom
$662
2-Bedroom
$860
3-Bedroom
$988
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
00773 $530 $540 $610 $790 $910
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
00773 $477 $486 $549 $711 $819
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
00773 $583 $594 $671 $869 $1,001

Fair Market Rents on this page apply to the following city in Luquillo Municipio, Puerto Rico: Luquillo.

These Fair Market Rents also apply to the following ZIP code in Luquillo Municipio, Puerto Rico: 00773.

Luquillo Municipio, PR is considered part of the following metro FMR area: FAJARDO, PR HUD METRO FMR AREA.

Other counties in the same metro FMR area are: Ceiba Municipio, PR, and Fajardo Municipio, PR.

More on Luquillo 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.