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City · 24,269 residents · Fajardo Municipio, Puerto Rico

Fajardo , Puerto Rico

In Fajardo, a typical home is worth $121,400 and typical rent is $619 a month. Home values, rent and income are very close to those of all of Fajardo Municipio.

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  • Typical home value

    $121,400

    About the same as the municipio

    8% below Puerto Rico

    • Fajardo
    • Municipio
    • Puerto Rico

  • Typical rent

    $619a month

    About the same as the municipio

    7% above Puerto Rico

    • Fajardo
    • Municipio
    • Puerto Rico

  • Typical household income

    $25,380a year

    About the same as the municipio

    3% below Puerto Rico

    • Fajardo
    • Municipio
    • Puerto Rico

  • Households that own their home

    65%

    2 points below the municipio

    3 points below Puerto Rico

    • Fajardo
    • Municipio
    • Puerto Rico

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

Fajardo is in Fajardo 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 Fajardo Municipio. See the county

Data updated: October 1, 2026 9 official sources

Only here

What sets Fajardo apart

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

  1. Nearby, in Luquillo, the typical rent is $418: 32% less than in Fajardo ($619).

  2. Nearby, in San Isidro, the typical home value is $92,200: 24% less than in Fajardo ($121,400).

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

The homes here

Housing in Fajardo

What homes there are in Fajardo, 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

The detached house is the most common home in Fajardo: 63% of homes, near the figure in Fajardo Municipio (63%).

Year built

In Fajardo, half of the homes were built before 1977; in Fajardo Municipio, before 1979.

By size, homes in Fajardo look like those in Fajardo Municipio: 73% have 3 bedrooms or more.

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
Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Fajardo Municipio is $639: about 47% of rents in Fajardo are below it.

With a mortgage

$802 a month

Fajardo Municipio: $813 a month

Without a mortgage

$189 a month

Fajardo Municipio: $183 a month

Owners with a mortgage

47%

Fajardo Municipio: 43%

Owning costs about the same in Fajardo as in Fajardo Municipio: with a mortgage, $802 a month; without one, $189.

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

From 2015–2019 to 2020–2024, home values in Fajardo rose at about the same pace as in Fajardo Municipio: 21% against 19%.

The typical rent in Fajardo rose 23% since 2015–2019, about the same as in Fajardo Municipio (21%).

The typical household income in Fajardo rose 36%: more than home values (+21%) and rent (+23%).

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

MeasureFajardoFajardo MunicipioPuerto RicoUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.1%5.5%
Homeowner vacancy 2.8%2.3%1.3%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.3%3.4%
People per household 2.402.372.482.53
Drive alone 77%80%83%69%
Carpool Unreliable estimateUnreliable estimate6%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate3%3%
Work from home 9%8%6%15%
Other means Unreliable estimate4%2%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

Much as in Fajardo Municipio, a household in Fajardo has 2.40 people on average.

To get to work, 77% of workers in Fajardo drive alone; in Fajardo Municipio, 80%.

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 Fajardo?

A typical home costs more than the typical income allows

We start with a typical home in Fajardo, worth $121,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 46% of the typical household income in Fajardo, which is $25,380 a year. For that payment to be 28% of income, a household would need to earn about $41,895 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Fajardo. 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 $4,249 (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

$978

at 7.18% · 30 years

Loan amount
$119,201
Total interest
$171,502
Paid off in
November 2056

Includes $2,050 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $592 a month

  • Tight

    $592 to $761 a month

  • Hard

    more than $761 a month

    Your payment · 46%

Compared with the typical household income in Fajardo ($25,380 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$978
Principal & interest$808
Property tax$66
Home insurance$51
FHA mortgage insurance (MIP)$54

You need at least $4,249 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

Fajardo and Fajardo Municipio

Fajardo is in Fajardo 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).

Fajardo's own numbers

Typical home value
$121,400
Typical monthly rent
$619
Typical yearly household income
$25,380
Households that own their home
65%
Effective property tax rate
0.65%

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

Numbers for all of Fajardo Municipio

FHA limit, one-unit home
$690,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$639

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 Fajardo Municipio.

Everything about Fajardo Municipio

Buying

Buying a home in Fajardo

A typical home in Fajardo is worth $121,400: about the same as the municipio and 8% below Puerto Rico. With the typical household income in Fajardo ($25,380 a year), a typical home costs 4.8 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.

  • Fajardo 4.8 years
  • Municipio 4.7 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 Fajardo Municipio. That usually happens when there are too few sales to measure it.

Data not available for this place

Fajardo next to Fajardo 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
  • Fajardo $121,400
  • Municipio $121,400
  • Puerto Rico $131,500
  • United States $332,700
Typical monthly rent
  • Fajardo $619
  • Municipio $625
  • Puerto Rico $578
  • United States $1,413
Typical yearly household income
  • Fajardo $25,380
  • Municipio $25,563
  • Puerto Rico $26,297
  • United States $80,734
See the full table
Fajardo next to Fajardo Municipio and Puerto Rico
Measure Fajardo Fajardo Municipio Puerto Rico U.S.
Typical home value $121,400 $121,400 $131,500 $332,700
Typical monthly rent $619 $625 $578 $1,413
Typical yearly household income $25,380 $25,563 $26,297 $80,734
Households that own their home 65% 67% 68% 65%
Typical yearly property tax $790 $716 $646 $3,119
Effective property tax rate 0.65% 0.59% 0.49% 0.94%
Renters with high rent for their income 57% 56% 51% 51%

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

For a typical $121,400 home in Fajardo, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Fajardo's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $978a month

    Least cash to close
    Down payment
    $4,249
    Cash to close
    $7,891
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $54

  • Conventional, 5% down $955a month

    Down payment
    $6,070
    Cash to close
    $9,712
    Rate
    7.18%
    Mortgage insurance
    PMI · $58

  • Conventional, 20% down, no PMI $774a month

    Down payment
    $24,280
    Cash to close
    $27,922
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $887a month

    Down payment
    $18,210
    Cash to close
    $21,852
    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 Fajardo and for Fajardo Municipio.

Property tax

Effective rate in Fajardo

0.65%of the home’s value each year

$790 a year for the typical owner in Fajardo.

  • Fajardo 0.65%
  • Municipio 0.59%
  • 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 Fajardo Municipio

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

FEMA does not publish these numbers for Fajardo Municipio.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Fajardo

Typical rent in Fajardo is $619 a month: about the same as the municipio. In Fajardo, 57% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Fajardo Municipio, by unit size. To pay the 2-bedroom one ($639 a month) without spending more than 30% of your income, you would need to earn $12.29 an hour working full time.

HUD fair market rent for all of Fajardo 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 $495 $9.52 $19,800
1 bedroom $498 $9.58 $19,920
2 bedrooms $639 $12.29 $25,560
3 bedrooms $782 $15.04 $31,280
4 bedrooms $843 $16.21 $33,720

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 Fajardo

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Fajardo has 2 ZIP codes with their own.

For 2 bedrooms it is $640 in all of them.

2 of the 2 are above the fair market rent for Fajardo Municipio ($639).

  • 00738 $640$780
  • 00740 $640$780

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Fajardo 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 Fajardo

HUD lists 5 buildings with rents for lower incomes in Fajardo. These are the largest.

  • Pedro Rosario Nieves 50 Carr 987, Fajardo 00738 210 low-income homes · Run by Puerto Rico Public Housing Administration · Average payment: $114 a month · Average wait: 6 months (787) 759-9407
  • Vistas del Mar Apts. Osvaldo Molina ST, Fajardo 00738 152 low-income homes · For families (787) 860-2618
  • Santiago Veve Calzada 1 Res Veve Calzada, Fajardo 00738 100 low-income homes · Run by Puerto Rico Public Housing Administration · Average payment: $195 a month (787) 759-9407
  • Fajardo Housing for the Elderly 5th ST, Fajardo 00738 120 homes, 60 low-income · For older adults (787) 863-5990
  • Santiago Fajardo Apartments State Rd. 194 Km 1.7 c/5 - 1 Administration, Fajardo 00738 60 low-income homes · For older adults (787) 863-0640

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

Free help

Help to buy or rent in Fajardo

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

A man shakes hands with the specialist who helped him with his loan, in the kitchen of his new home.

HUD counseling is free or low-cost

Assistance programs in Fajardo

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

The HUD-approved agencies closest to the center of Fajardo, 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 · 26 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 · 28 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 · 28 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 Fajardo

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 Fajardo

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

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

Cities

Nearby cities

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

Everything about Fajardo Municipio Housing in Puerto Rico

Neighboring counties

If Fajardo 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 Fajardo.

All guides
A father smiles as he carries his baby on his shoulders outdoors.

Questions

Housing questions about Fajardo

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

The typical home value in Fajardo is $121,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Fajardo Municipio it is $121,400.

How much does it cost to rent in Fajardo?

Typical rent in Fajardo is $619 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Fajardo Municipio is $639.

What is the FHA loan limit in Fajardo?

Fajardo uses the FHA limit for all of Fajardo 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 Fajardo?

The typical homeowner in Fajardo pays $790 a year, according to the U.S. Census Bureau. That is 0.65% of the home’s value; in Fajardo Municipio, the rate is 0.59%.

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

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