Español

Este sitio también está en español. Leer en español

City · 12,689 residents · Canóvanas Municipio, Puerto Rico

Canóvanas , Puerto Rico

In Canóvanas, a typical home is worth $163,900 and typical rent is $824 a month. Compared with all of Canóvanas Municipio, typical household income is 61% higher, typical rent is 45% higher, and the share of households that own their home is 5 points higher.

WhatsApp

  • Typical home value

    $163,900

    38% above the municipio

    25% above Puerto Rico

    • Canóvanas
    • Municipio
    • Puerto Rico

  • Typical rent

    $824a month

    45% above the municipio

    43% above Puerto Rico

    • Canóvanas
    • Municipio
    • Puerto Rico

  • Typical household income

    $47,616a year

    61% above the municipio

    81% above Puerto Rico

    • Canóvanas
    • Municipio
    • Puerto Rico

  • Households that own their home

    78%

    5 points above the municipio

    10 points above Puerto Rico

    • Canóvanas
    • Municipio
    • Puerto Rico

Source: U.S. Census Bureau, Average 2020–2024

Canóvanas is in Canóvanas Municipio. The FHA loan limit ($690,000 for a one-unit home), the fair market rents and the help on this page are those of all of Canóvanas Municipio. See the county

Data updated: October 1, 2026 9 official sources

Only here

What sets Canóvanas apart

What this place has that others do not, from public data, most unusual first.

  1. Canóvanas has the 2nd highest homeownership rate of the 54 cities in Puerto Rico with more than 5,000 people (78%).

  2. Canóvanas has the 2nd highest typical household income of the 52 cities in Puerto Rico with more than 5,000 people ($47,616).

  3. Canóvanas has the 2nd largest share of rent-burdened renters of the 33 cities in Puerto Rico with more than 5,000 people (65%).

  4. Nearby, in San Isidro, the typical home value is $92,200: 44% less than in Canóvanas ($163,900).

  5. The typical rent in Canóvanas is $824 a month, 45% more than in Canóvanas Municipio as a whole ($568).

  6. Nearby, in San Isidro, the typical rent is $497: 40% less than in Canóvanas ($824).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Canóvanas

What homes there are in Canóvanas, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Canóvanas, 7 in 10 homes are single-family detached houses; in Canóvanas Municipio, 8.

Year built

The typical home in Canóvanas was built in 1991, 5 years after the typical one in Canóvanas Municipio.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA limit for Canóvanas Municipio is high ($690,000): at least 100% of owner-occupied homes in Canóvanas are worth less than $500,000.

Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Canóvanas Municipio is $706: about 42% of rents in Canóvanas are below it.

With a mortgage

$1,226 a month

Canóvanas Municipio: $988 a month

Without a mortgage

$237 a month

Canóvanas Municipio: $159 a month

Owners with a mortgage

75%

Canóvanas Municipio: 43%

The typical cost for an owner with a mortgage in Canóvanas is $1,226 a month, more than in Canóvanas Municipio ($988); without one, $237.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Canóvanas does not have the same boundaries as in 2015–2019: that is why there is no change to compare. For reference, in Canóvanas Municipio the typical home value rose 10%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureCanóvanasCanóvanas MunicipioPuerto RicoUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.1%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.3%0.9%
More than one person per room Unreliable estimate6.1%2.3%3.4%
People per household 2.752.642.482.53
Drive alone 83%86%83%69%
Carpool Unreliable estimate6%6%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate3%3%
Work from home 9%7%6%15%
Other means Unreliable estimateUnreliable estimate2%2%
Typical commute Unreliable estimate30 to 39 minutes20 to 29 minutes20 to 29 minutes

Much as in Canóvanas Municipio, a household in Canóvanas has 2.75 people on average.

To get to work, 83% of workers in Canóvanas drive alone; in Canóvanas Municipio, 86%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Canóvanas?

A typical home is tight for the typical income

We start with a typical home in Canóvanas, worth $163,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in Canóvanas, which is $47,616 a year. For that payment to be 28% of income, a household would need to earn about $55,157 a year.

The calculator's FHA and conventional loan limits are those of all of Canóvanas Municipio.

Your numbers

Local data
$

Starts at the typical home value in Canóvanas. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $5,737 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,287

at 7.18% · 30 years

Loan amount
$160,931
Total interest
$231,542
Paid off in
November 2056

Includes $2,768 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,111 a month

  • Tight

    $1,111 to $1,428 a month

    Your payment · 32%

  • Hard

    more than $1,428 a month

Compared with the typical household income in Canóvanas ($47,616 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,287
Principal & interest$1,090
Property tax$56
Home insurance$68
FHA mortgage insurance (MIP)$72

You need at least $5,737 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Canóvanas and Canóvanas Municipio

Canóvanas is in Canóvanas Municipio, Puerto Rico. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Canóvanas's own numbers

Typical home value
$163,900
Typical monthly rent
$824
Typical yearly household income
$47,616
Households that own their home
78%
Effective property tax rate
0.41%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Canóvanas Municipio

FHA limit, one-unit home
$690,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$706

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Canóvanas Municipio.

Everything about Canóvanas Municipio

Buying

Buying a home in Canóvanas

A typical home in Canóvanas is worth $163,900: 38% above the municipio and 25% above Puerto Rico. With the typical household income in Canóvanas ($47,616 a year), a typical home costs 3.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Canóvanas 3.4 years
  • Municipio 4.0 years
  • Puerto Rico 5.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Puerto Rico

FHFA publishes no annual price index in Canóvanas Municipio. That usually happens when there are too few sales to measure it.

Data not available for this place

Canóvanas next to Canóvanas Municipio, Puerto Rico and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Canóvanas $163,900
  • Municipio $118,600
  • Puerto Rico $131,500
  • United States $332,700
Typical monthly rent
  • Canóvanas $824
  • Municipio $568
  • Puerto Rico $578
  • United States $1,413
Typical yearly household income
  • Canóvanas $47,616
  • Municipio $29,642
  • Puerto Rico $26,297
  • United States $80,734
See the full table
Canóvanas next to Canóvanas Municipio and Puerto Rico
Measure Canóvanas Canóvanas Municipio Puerto Rico U.S.
Typical home value $163,900 $118,600 $131,500 $332,700
Typical monthly rent $824 $568 $578 $1,413
Typical yearly household income $47,616 $29,642 $26,297 $80,734
Households that own their home 78% 73% 68% 65%
Typical yearly property tax $674 $612 $646 $3,119
Effective property tax rate 0.41% 0.52% 0.49% 0.94%
Renters with high rent for their income 65% 52% 51% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Canóvanas Municipio. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Canóvanas

For a typical $163,900 home in Canóvanas, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Canóvanas's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,287a month

    Least cash to close
    Down payment
    $5,737
    Cash to close
    $10,654
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $72

  • Conventional, 5% down $1,257a month

    Down payment
    $8,195
    Cash to close
    $13,112
    Rate
    7.18%
    Mortgage insurance
    PMI · $78

  • Conventional, 20% down, no PMI $1,013a month

    Down payment
    $32,780
    Cash to close
    $37,697
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,164a month

    Down payment
    $24,585
    Cash to close
    $29,502
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Canóvanas and for Canóvanas Municipio.

Property tax

Effective rate in Canóvanas

0.41%of the home’s value each year

$674 a year for the typical owner in Canóvanas.

  • Canóvanas 0.41%
  • Municipio 0.52%
  • Puerto Rico 0.49%

What Puerto Rico publishes Residential exemption (Puerto Rico Municipal Code (Act 107-2020), OGP Virtual Library)

Exemptions and deadlines in Puerto Rico

Flood risk in Canóvanas Municipio

FEMA does not publish these numbers by city: they are for all of Canóvanas Municipio.

FEMA does not publish these numbers for Canóvanas Municipio.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Canóvanas

Typical rent in Canóvanas is $824 a month: 45% above the municipio. In Canóvanas, 65% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Canóvanas Municipio, by unit size. To pay the 2-bedroom one ($706 a month) without spending more than 30% of your income, you would need to earn $13.58 an hour working full time.

HUD fair market rent for all of Canóvanas Municipio

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $592 $11.38 $23,680
1 bedroom $604 $11.62 $24,160
2 bedrooms $706 $13.58 $28,240
3 bedrooms $920 $17.69 $36,800
4 bedrooms $1,117 $21.48 $44,680

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Canóvanas

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Canóvanas is in ZIP code 00729.

For 2 bedrooms it is $660: $46 less than the fair market rent for Canóvanas Municipio ($706).

  • 00729 $660$860

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Canóvanas when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Canóvanas

HUD lists one building with rents for lower incomes in Canóvanas.

  • Jesus T Pinero 1 Res Jesus T Pinero, Canovanas 00729 124 low-income homes · Run by Puerto Rico Public Housing Administration · Average payment: $189 a month · Average wait: 28 months (787) 759-9407

See all 1 buildings in Canóvanas Municipio Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Canóvanas

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Canóvanas Municipio. The nearest ones are below; many serve by phone or online.

A man smiles on a bench outside his apartment building.

HUD counseling is free or low-cost

Assistance programs in Canóvanas

No down payment, repair or rent-help program on our list is for Canóvanas or Canóvanas Municipio. The ones below are statewide in Puerto Rico: they work in Canóvanas the same as in the rest of the state.

Which programs do I qualify for? All programs in Puerto Rico

  • Pronto pa' tu Casa

    Statewide in Puerto Rico

    Puerto Rico Housing Finance Authority help of up to $45,000 per eligible household (plus $5,000 if you buy in a designated urban center) to buy an existing home; with a mortgage from a participating financial institution. Offered by Autoridad para el Financiamiento de la Vivienda de Puerto Rico (AFV).

    Type not stated

    See the program Official page

  • Programa HOME: Asistencia directa al comprador

    Statewide in Puerto Rico

    Puerto Rico Housing Finance Authority help, with federal HOME funds, for the down payment (pronto pago) of low- and moderate-income families who buy their primary residence with a mortgage; not repaid if you meet the program's conditions. Offered by Autoridad para el Financiamiento de la Vivienda de Puerto Rico (AFV).

    Type not stated

    See the program Official page

Housing counselors near Canóvanas

The HUD-approved agencies closest to the center of Canóvanas, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • One Stop Career Center of Puerto Rico

    839 Calle Anasco Ste 5, San Juan · 10 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 11 more
    (787) 296-1785

  • Greenpath Financial Wellness - San Juan Branch

    1607 Ave Ponce De Leon, San Juan · 12 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (888) 279-8273

  • CCCS of Puerto Rico

    1607 Avenue Ponce de Leon, Santurce · 12 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (787) 722-8835

All counseling agencies in Puerto Rico

Help in Spanish near Canóvanas

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Canóvanas

In HUD’s record, no housing authority with an office in Canóvanas Municipio is named for Canóvanas or Canóvanas Municipio.

One other authority has an office in Canóvanas Municipio: see the list Source: HUD

Cities

Other cities in Canóvanas Municipio

These cities are also in Canóvanas Municipio. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Canóvanas Municipio Housing in Puerto Rico

Nearby cities

The cities closest to Canóvanas, with the typical home value.

Neighboring counties

If Canóvanas Municipio is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Canóvanas.

All guides
A father and mother walk their son by the hand down the sidewalk.

Questions

Housing questions about Canóvanas

Short answers with the numbers for Canóvanas and all of Canóvanas Municipio. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Canóvanas?

The typical home value in Canóvanas is $163,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Canóvanas Municipio it is $118,600.

How much does it cost to rent in Canóvanas?

Typical rent in Canóvanas is $824 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Canóvanas Municipio is $706.

What is the FHA loan limit in Canóvanas?

Canóvanas uses the FHA limit for all of Canóvanas Municipio (2026): $690,000 for a one-unit home and $1,326,950 for a four-unit home.

How much property tax do owners pay in Canóvanas?

The typical homeowner in Canóvanas pays $674 a year, according to the U.S. Census Bureau. That is 0.41% of the home’s value; in Canóvanas Municipio, the rate is 0.52%.

Where can I find free help to buy or rent in Canóvanas?

We found no HUD-approved counseling agencies with an office in Canóvanas Municipio; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026).