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City · 138,633 residents · Carolina Municipio, Puerto Rico

Carolina , Puerto Rico

In Carolina, a typical home is worth $158,400 and typical rent is $677 a month. Home values, rent and income are very close to those of all of Carolina Municipio.

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  • Typical home value

    $158,400

    About the same as the municipio

    20% above Puerto Rico

    • Carolina
    • Municipio
    • Puerto Rico

  • Typical rent

    $677a month

    About the same as the municipio

    17% above Puerto Rico

    • Carolina
    • Municipio
    • Puerto Rico

  • Typical household income

    $37,726a year

    2% above the municipio

    43% above Puerto Rico

    • Carolina
    • Municipio
    • Puerto Rico

  • Households that own their home

    67%

    1 points below the municipio

    1 points below Puerto Rico

    • Carolina
    • Municipio
    • Puerto Rico

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

Carolina is in Carolina 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 Carolina Municipio. See the county

Data updated: October 1, 2026 9 official sources

Only here

What sets Carolina apart

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

  1. Nearby, in San Isidro, the typical home value is $92,200: 42% less than in Carolina ($158,400).

  2. Nearby, in San Isidro, the typical rent is $497: 27% less than in Carolina ($677).

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

The homes here

Housing in Carolina

What homes there are in Carolina, 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

No kind of home is the majority in Carolina; the largest group, detached houses, adds up to 46%, near the figure in Carolina Municipio (49%).

Year built

The typical year built in Carolina is 1970, about the same as in Carolina Municipio (1970).

In Carolina, 73% of homes have 3 bedrooms or more, about the same as in Carolina 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

About 98% of owner-occupied homes in Carolina are worth less than the FHA loan limit for Carolina Municipio ($690,000).

Monthly rent with utilities

About 50% of rented homes in Carolina cost less than HUD's 2-bedroom fair market rent for Carolina Municipio ($706); the rest cost more.

With a mortgage

$1,102 a month

Carolina Municipio: $1,102 a month

Without a mortgage

$244 a month

Carolina Municipio: $234 a month

Owners with a mortgage

53%

Carolina Municipio: 50%

Owning costs about the same in Carolina as in Carolina Municipio: with a mortgage, $1,102 a month; without one, $244.

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

The typical home value in Carolina rose 13% since 2015–2019, about the same as in Carolina Municipio (13%).

Rents in Carolina rose at about the same pace as in Carolina Municipio: 9% since 2015–2019, against 9%.

The typical household income in Carolina rose 29%: more than home values (+13%) and rent (+9%).

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

MeasureCarolinaCarolina MunicipioPuerto RicoUnited States
Rental vacancy 3.7%3.6%5.1%5.5%
Homeowner vacancy 1.4%1.3%1.3%0.9%
More than one person per room 3.5%3.6%2.3%3.4%
People per household 2.312.332.482.53
Drive alone 79%79%83%69%
Carpool 6%7%6%9%
Public transit Unreliable estimate1%1%3%
Walk or bike 1%1%3%3%
Work from home 12%11%6%15%
Other means 1%1%2%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

In Carolina, the rental vacancy rate is 3.7%, about the same as in Carolina Municipio.

More than one person per room: that is how 3.5% of households in Carolina live, near the figure in Carolina Municipio (3.6%).

By size, households in Carolina look like those in Carolina Municipio: 2.31 people on average.

To get to work, 79% of workers in Carolina drive alone; in Carolina Municipio, 79%.

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 Carolina?

A typical home costs more than the typical income allows

We start with a typical home in Carolina, worth $158,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 40% of the typical household income in Carolina, which is $37,726 a year. For that payment to be 28% of income, a household would need to earn about $53,702 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Carolina. 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 $5,544 (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

$1,253

at 7.18% · 30 years

Loan amount
$155,531
Total interest
$223,773
Paid off in
November 2056

Includes $2,675 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $880 a month

  • Tight

    $880 to $1,132 a month

  • Hard

    more than $1,132 a month

    Your payment · 40%

Compared with the typical household income in Carolina ($37,726 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,253
Principal & interest$1,054
Property tax$63
Home insurance$66
FHA mortgage insurance (MIP)$70

You need at least $5,544 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

Carolina and Carolina Municipio

Carolina is in Carolina 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).

Carolina's own numbers

Typical home value
$158,400
Typical monthly rent
$677
Typical yearly household income
$37,726
Households that own their home
67%
Effective property tax rate
0.48%

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

Numbers for all of Carolina 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 Carolina Municipio.

Everything about Carolina Municipio

Buying

Buying a home in Carolina

A typical home in Carolina is worth $158,400: about the same as the municipio and 20% above Puerto Rico. With the typical household income in Carolina ($37,726 a year), a typical home costs 4.2 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.

  • Carolina 4.2 years
  • Municipio 4.3 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 Carolina Municipio. That usually happens when there are too few sales to measure it.

Data not available for this place

Carolina next to Carolina 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
  • Carolina $158,400
  • Municipio $157,600
  • Puerto Rico $131,500
  • United States $332,700
Typical monthly rent
  • Carolina $677
  • Municipio $677
  • Puerto Rico $578
  • United States $1,413
Typical yearly household income
  • Carolina $37,726
  • Municipio $36,958
  • Puerto Rico $26,297
  • United States $80,734
See the full table
Carolina next to Carolina Municipio and Puerto Rico
Measure Carolina Carolina Municipio Puerto Rico U.S.
Typical home value $158,400 $157,600 $131,500 $332,700
Typical monthly rent $677 $677 $578 $1,413
Typical yearly household income $37,726 $36,958 $26,297 $80,734
Households that own their home 67% 68% 68% 65%
Typical yearly property tax $763 $736 $646 $3,119
Effective property tax rate 0.48% 0.47% 0.49% 0.94%
Renters with high rent for their income 49% 50% 51% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Carolina 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 Carolina

For a typical $158,400 home in Carolina, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Carolina's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,253a month

    Least cash to close
    Down payment
    $5,544
    Cash to close
    $10,296
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $70

  • Conventional, 5% down $1,224a month

    Down payment
    $7,920
    Cash to close
    $12,672
    Rate
    7.18%
    Mortgage insurance
    PMI · $75

  • Conventional, 20% down, no PMI $988a month

    Down payment
    $31,680
    Cash to close
    $36,432
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,134a month

    Down payment
    $23,760
    Cash to close
    $28,512
    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 Carolina and for Carolina Municipio.

Property tax

Effective rate in Carolina

0.48%of the home’s value each year

$763 a year for the typical owner in Carolina.

  • Carolina 0.48%
  • Municipio 0.47%
  • 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 Carolina Municipio

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

FEMA does not publish these numbers for Carolina Municipio.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Carolina

Typical rent in Carolina is $677 a month: about the same as the municipio. In Carolina, 49% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Carolina 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 Carolina 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 Carolina

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Carolina has 5 ZIP codes with their own.

For 2 bedrooms it runs from $670 in 00985 to $980 in 00979.

4 of the 5 are above the fair market rent for Carolina Municipio ($706).

  • 00979 $980$1,280
  • 00982 $770$1,000
  • 00983 $710$930
  • 00985 $670$870
  • 00987 $820$1,070

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Carolina 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 Carolina

HUD lists 21 buildings with rents for lower incomes in Carolina. These are the largest.

  • Sabana Abajo 1 Res Sabana Abajo, Carolina 00982 500 low-income homes · Run by Puerto Rico Public Housing Administration · Average payment: $135 a month · Average wait: 12 months (787) 759-9407
  • Monserrate Tower I 1 Ave Sanchez Osorio, Carolina 00983 304 low-income homes · For families (787) 752-8370
  • Monserrate Tower II 1 Ave Sanchez Osorio, Carolina 00983 304 low-income homes · For families (787) 625-7577
  • Lagos de Blasina 1 Ave Roberto Clemente, Carolina 00985 240 low-income homes · Run by Puerto Rico Public Housing Administration · Average payment: $146 a month · Average wait: 21 months (787) 759-9407
  • Los Mirtos 2 Res Los Mirtos, Carolina 00987 240 low-income homes · Run by Puerto Rico Public Housing Administration · Average payment: $132 a month · Average wait: 5 months (787) 759-9407

See all 21 buildings in Carolina Municipio Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Carolina

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 Carolina Municipio. The nearest ones are below; many serve by phone or online.

A grandmother pushes her grandson on a playground swing.

HUD counseling is free or low-cost

Assistance programs in Carolina

No down payment, repair or rent-help program on our list is for Carolina or Carolina Municipio. The ones below are statewide in Puerto Rico: they work in Carolina 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 Carolina

The HUD-approved agencies closest to the center of Carolina, 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 · 5 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 · 6 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 · 6 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 Carolina

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 Carolina

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

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

Cities

Nearby cities

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

Everything about Carolina Municipio Housing in Puerto Rico

Neighboring counties

If Carolina 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 Carolina.

All guides
A couple spread mulch under the avocado trees of their family orchard, he on the tractor and she with a shovel.

Questions

Housing questions about Carolina

Short answers with the numbers for Carolina and all of Carolina 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 Carolina?

The typical home value in Carolina is $158,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Carolina Municipio it is $157,600.

How much does it cost to rent in Carolina?

Typical rent in Carolina is $677 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Carolina Municipio is $706.

What is the FHA loan limit in Carolina?

Carolina uses the FHA limit for all of Carolina 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 Carolina?

The typical homeowner in Carolina pays $763 a year, according to the U.S. Census Bureau. That is 0.48% of the home’s value; in Carolina Municipio, the rate is 0.47%.

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

We found no HUD-approved counseling agencies with an office in Carolina 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).