Puerto Rico · Federal data hub

Mayagüez, PR

0.097M people5 counties#4 of 8 in Puerto Rico$20,400 median HHIUpdated April 10, 2026

Investor first look

The numbers that matter most

What an investor checks first when sizing up a new metro — affordability ratio, rent vs income, cap rate proxy, and where the market is moving. Each metric shown vs. state and national medians for instant context.

expensive

Price to income

5.34×

The single most-cited 'is this market still cheap' check. Below 3× and you're in an affordability tailwind.

vs Puerto Rico: 4.99×+0.34
vs U.S.: 3.43×+1.91

Benchmark

5.34×

▼

affordable

moderate

expensive

0×–3×

3×–5×

5×–7×

ACS median home value ÷ median HHI

burdened

Rent to income

31.5%

What share of a typical household's income goes to rent. Below 30% means tenants can absorb modest rent increases.

vs Puerto Rico: 31.3%+0.3
vs U.S.: 23.3%+8.2

Benchmark

31.5%

▼

comfortable

moderate

burdened

15%–25%

25%–30%

30%–40%

(HUD FMR 2BR × 12) ÷ median HHI

tight

Cap rate proxy

3.84%

Rough first-pass yield assuming a 35% expense ratio. Not an underwriting number — a 'is this even worth modeling' filter.

vs Puerto Rico: 3.78%+0.05
vs U.S.: 4.35%-0.51

Benchmark

3.84%

▼

tight

deal-by-deal

solid

1%–3%

3%–5%

5%–7%

(FMR 2BR × 12 × 0.65) ÷ ACS median home value

shrinking

Net migration

0.00%

Forward-looking demand signal. Positive net migration drives rent growth and absorbs new supply.

vs Puerto Rico: 0.00%=
vs U.S.: 0.03%-0.03

Benchmark

0.00%

▼

shrinking

steady

growing

-1%–-0.1%

-0.1%–+0.1%

+0.1%–+1%

IRS net migration ÷ population

Permit pipeline

—

permits per 1,000 residents

Forward-supply indicator. Above ~5 means the metro is building meaningfully relative to its size; below 2 means supply is tight.

vs U.S.: 3.52

Benchmark

tight

moderate

strong

0–2

2–5

5–10

Census BPS permits TTM ÷ population × 1,000

softening

Unemployment

8.6%

Tighter unemployment means higher wages, more rental demand, lower vacancy.

vs Puerto Rico: 7.8%+0.8
vs U.S.: 3.9%+4.7

Benchmark

8.6%

▼

healthy

normal

loose

2%–4%

4%–5.5%

5.5%–8%

BLS LAUS, latest month

Home values

Where prices are and where they've been

5-year price appreciation

+42.2%

homeValues.yearOverYear

+8.9%

Median home value

$108,900

Rents

The rent ladder

Bedroom	Monthly	Annual	% of median HHI
1 BR	$489	$5,868	28.8%
2 BR	$536	$6,432	31.5%
3 BR	$689	$8,268	40.5%

Jobs & income

Labor market direction

Unemployment

8.6%

Median household income

$20,400

Supply pipeline

What's being built

Total TTM

—

Single-family

—

2–4 unit

—

5+ unit

—

Counties

All 5 counties, ranked by population

County	Population	Home value	Median HHI	Permits TTM	YoY
Mayagüez Municipio	72,721	$107,900	$17,963	—	—
Cabo Rojo Municipio	46,983	$117,800	$25,720	—	—
San Germán Municipio	31,680	$100,100	$17,921	—	—
Sabana Grande Municipio	22,639	$100,300	$20,564	—	—
Hormigueros Municipio	15,571	$115,600	$24,862	—	—

Peer metros

Similar metros nationally

Metro	Pop	Med HHI	P/I	Cap proxy	HPI 5y	Permits/1k	Unemp
★Mayagüez	97,118	$20,400	5.34×	3.84%	+42.2%	—	8.6%
Guayama, PR	68,089	$20,430	—	—	+42.2%	—	9.5%
San Germán, PR	124,504	$15,584	—	—	+42.2%	—	—
Arecibo, PR	181,820	$24,436	—	—	+42.2%	—	6.2%
Ponce, PR	222,831	$20,646	—	—	+42.2%	—	8.4%
Carbondale-Marion, IL	133,609	$45,572	—	—	—	—	—

Demographic backbone

Who lives in Mayagüez

Median age: 46
Bachelor's+: 26.9%
Owner-occupancy: 64.9%
Vacancy rate: 30.1%
Rent burdened (30%+): 29.7%
Median household income: $20,400

This page shows federally sourced data. A full editorial analysis with charts and investment commentary is in progress.