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Mayagüez

Learn about the people, housing, costs and businesses in Mayagüez

Median Home$115,900
Median Rent$535/month
Population209,892
Leading IndustryConstruction2% of local workforce
Retirees27% of residentstop 4% nationally
Homeowners64% of occupied units
NotableAffordable Market$116k median home · lower cost than 99% of the country
NotableTransit74/100 · excellent transit access
Mayagüez

Frequently Asked Questions

What are today's mortgage rates in Mayagüez?

Mortgage rates for Mayagüez are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Mayagüez
What is the median home price in Mayagüez?

The median home value in Mayagüez is $116k. The median monthly rent is $535. Annual property taxes average $554. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Mayagüez?

Based on a typical all-in ownership cost of $325/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $14k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mayagüez is $22k/year.

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What industries drive the economy in Mayagüez?

The largest employment sectors in Mayagüez are public administration (25%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.