City · 5,286 residents · Lares Municipio, Puerto Rico
Lares, Puerto Rico
In Lares, a typical home is worth $104,100 and typical rent is $480 a month. Compared with all of Lares Municipio, the share of households that own their home is 11 points lower.
Lares is in Lares Municipio. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lares Municipio. See the county
What this place has that others do not, from public data, most unusual first.
1
52% of households in Lares own their home, against 63% in Lares Municipio.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Lares
What homes there are in Lares, 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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Lares
Lares Municipio
Puerto Rico
United States
Kind of home: Lares and its comparisons
Measure
Lares
Lares Municipio
Puerto Rico
United States
Detached house
60%
79%
68%
61%
Attached house
21%
16%
12%
6%
Building of 2 to 4
12%
4%
6%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
14%
19%
Mobile home
Unreliable estimate
Unreliable estimate
0%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
Unreliable estimate
0%
In Lares, 6 in 10 homes are single-family detached houses; in Lares Municipio, 8.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Lares
Lares Municipio
Puerto Rico
United States
Year built: Lares and its comparisons
Measure
Lares
Lares Municipio
Puerto Rico
United States
Before 1960
19%
11%
14%
26%
1960–1979
35%
31%
39%
24%
1980–1999
37%
41%
31%
25%
2000–2009
7%
12%
13%
14%
2010 or later
Unreliable estimate
5%
3%
11%
In Lares, half of the homes were built before 1978; in Lares Municipio, before 1984.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K45%
$100K–$200K51%
$200K–$300KUnreliable
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Lares and its comparisons
Measure
Lares
Under $100K
45%
$100K–$200K
51%
$200K–$300K
Unreliable estimate
$300K–$500K
Unreliable
$500K–$750K
Unreliable
$750K–$1M
Unreliable
$1M or more
Unreliable
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50056%
$500–$99944%
HUD fair market rent, 2 bedrooms: $517
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Lares and its comparisons
Measure
Lares
Under $500
56%
$500–$999
44%
$1,000–$1,499
Unreliable
$1,500–$1,999
Unreliable
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
HUD's 2-bedroom fair market rent (FMR) for Lares Municipio is $517: about 57% of rents in Lares are below it.
With a mortgage
$649 a month
Lares Municipio: $705 a month
Without a mortgage
$155 a month
Lares Municipio: $136 a month
Owners with a mortgage
25%
Lares Municipio: 23%
In Lares, 25% of owners have a mortgage, and their typical cost is $649 a month, against $705 in Lares Municipio. Without one it drops to $155.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
LaresBoundaries changed
Lares Municipio+22%
Puerto Rico+18%
United States+53%
Typical rent
LaresBoundaries changed
Lares Municipio+20%
Puerto Rico+21%
United States+33%
Typical household income
LaresBoundaries changed
Lares Municipio+14%
Puerto Rico+28%
United States+29%
Change since 2015–2019: Lares and its comparisons
Measure
Lares
Lares Municipio
Puerto Rico
United States
Typical home value
Boundaries changed
+22%
+18%
+53%
Typical rent
Boundaries changed
+20%
+21%
+33%
Typical household income
Boundaries changed
+14%
+28%
+29%
The Census does not compare Lares with 2015–2019 because its boundaries changed. In Lares Municipio, over that time, the typical home value rose 22%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Lares and its comparisons
Measure
Lares
Lares Municipio
Puerto Rico
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.1%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.3%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
2.3%
3.4%
People per household
2.37
2.55
2.48
2.53
Drive alone
75%
83%
83%
69%
Carpool
16%
12%
6%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
3%
3%
Work from home
Unreliable estimate
Unreliable estimate
6%
15%
Other means
Unreliable estimate
Unreliable estimate
2%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Households in Lares are smaller: 2.37 people on average; in Lares Municipio, 2.55.
In Lares, 16% of workers share a car to get to work; in Lares Municipio, 12%.
Do the math
What would you pay each month for a home in Lares?
A typical home costs more than the typical income allows
We start with a typical home in Lares, worth $104,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 50% of the typical household income in Lares, which is $19,294 a year. For that payment to be 28% of income, a household would need to earn about $34,214 a year.
The calculator's FHA and conventional loan limits are those of all of Lares Municipio.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Lares. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $3,644 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$798
at 7.18% · 30 years
Loan amount
$102,214
Total interest
$147,062
Paid off in
November 2056
Includes $1,758 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $450 a month
Tight
$450 to $579 a month
Hard
more than $579 a month
Your payment · 50%
Compared with the typical household income in Lares ($19,294 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$692
Property tax
$17
Home insurance
$43
FHA mortgage insurance (MIP)
$46
You need at least $3,644 for the down payment, plus closing costs.
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.
Total monthly payment $798; principal and interest $692.
The city and its county
Lares and Lares Municipio
Lares is in Lares 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).
Lares
Map of Lares Municipio, Puerto Rico, with Lares marked. Around it, the neighboring counties.
Lares
Lares Municipio
Other cities with a page
Lares's own numbers
Typical home value
$104,100
Typical monthly rent
$480
Typical yearly household income
$19,294
Households that own their home
52%
Effective property tax rate
0.19%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Lares Municipio
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$517
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 Lares Municipio.
A typical home in Lares is worth $104,100: about the same as the municipio and 21% below Puerto Rico. With the typical household income in Lares ($19,294 a year), a typical home costs 5.4 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.
Lares5.4 years
Municipio5.6 years
Puerto Rico5.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Puerto Rico
FHFA publishes no annual price index in Lares Municipio. That usually happens when there are too few sales to measure it.
Data not available for this place
Lares next to Lares 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
Lares$104,100
Municipio$105,100
Puerto Rico$131,500
United States$332,700
Typical monthly rent
Lares$480
Municipio$505
Puerto Rico$578
United States$1,413
Typical yearly household income
Lares$19,294
Municipio$18,917
Puerto Rico$26,297
United States$80,734
See the full table
Lares next to Lares Municipio and Puerto Rico
Measure
Lares
Lares Municipio
Puerto Rico
U.S.
Typical home value
$104,100
$105,100
$131,500
$332,700
Typical monthly rent
$480 ▼5% below the municipio
$505
$578
$1,413
Typical yearly household income
$19,294
$18,917
$26,297
$80,734
Households that own their home
52% ▼11 points below the municipio
63%
68%
65%
Typical yearly property tax
$199
$199
$646
$3,119
Effective property tax rate
0.19%
0.19%
0.49%
0.94%
Renters with high rent for their income
58% ▲7 points above the municipio
51%
51%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lares 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 Lares
For a typical $104,100 home in Lares, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lares's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$798a month
Least cash to close
Down payment
$3,644
Cash to close
$6,767
Rate
7.18%
Mortgage insurance
FHA MIP · $46
Conventional, 5% down$779a month
Down payment
$5,205
Cash to close
$8,328
Rate
7.18%
Mortgage insurance
PMI · $49
Conventional, 20% down, no PMI$624a month
Down payment
$20,820
Cash to close
$23,943
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$720a month
Down payment
$15,615
Cash to close
$18,738
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Lares
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$798
$3,644
$102,214
7.18%
FHA MIP · $46
$6,767
580
Conventional, 5% down
$779
$5,205
$98,895
7.18%
PMI · $49
$8,328
620*
Conventional, 20% down, no PMI
$624
$20,820
$83,280
7.18%
None
$23,943
620*
ITIN, 15% down (example)
$720
$15,615
$88,485
8.18%
None
$18,738
Set by the lender
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.
Typical rent in Lares is $480 a month: 5% below the municipio. In Lares, 58% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Lares Municipio, by unit size. To pay the 2-bedroom one ($517 a month) without spending more than 30% of your income, you would need to earn $9.94 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Lares Municipio (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$456
$8.77
$18,240
1 bedroom
$475
$9.13
$19,000
2 bedrooms
$517
$9.94
$20,680
3 bedrooms
$697
$13.40
$27,880
4 bedrooms
$743
$14.29
$29,720
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 Lares
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lares is in ZIP code 00669.
For 2 bedrooms it is $520: $3 more than the fair market rent for Lares Municipio ($517).
Fair market rent by ZIP code and size in Lares, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
00669
$460
$480
$520
$700
$750
ZIP code2 bd3 bd
00669 $520$700
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lares 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
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 Lares Municipio. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Lares or Lares Municipio. The ones below are statewide in Puerto Rico: they work in Lares the same as in the rest of the state.
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).
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).
No legal help resource on our list is for Lares or Lares Municipio in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Lares and all of Lares 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 Lares?
The typical home value in Lares is $104,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lares Municipio it is $105,100.
How much does it cost to rent in Lares?
Typical rent in Lares is $480 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lares Municipio is $517.
What is the FHA loan limit in Lares?
Lares uses the FHA limit for all of Lares Municipio (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Lares?
The typical homeowner in Lares pays $199 a year, according to the U.S. Census Bureau. That is 0.19% of the home’s value; in Lares Municipio, the rate is 0.19%.
Where can I find free help to buy or rent in Lares?
We found no HUD-approved counseling agencies with an office in Lares Municipio; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
