FY2021 Fair Market Rents — Arecibo, PR HUD Metro FMR Area
The HUD-published Fair Market Rents for FY2021 in this area are:
Studio
$384
1BR
$393
2BR
$448
3BR
$596
4BR
$749
Hours/week at min wage
33 hrs
to afford the 2BR FMR @ $10.50/hr (PR)
National rank
#625
of 632 U.S. metros (top 100% most expensive)
YoY change (2BR)
+1.8%
+$8 vs FY2020
Voucher payment standard
$403–$493
PHAs set HCV payment at 90–110% of the 2BR FMR
Arecibo, PR HUD Metro FMR Area
Metropolitan area · PR · View full history · Income limits · LIHTC rents
FY2021 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $384 | $4,608 |
| 1-Bedroom | $393 | $4,716 |
| 2-Bedroom | $448 | $5,376 |
| 3-Bedroom | $596 | $7,152 |
| 4-Bedroom | $749 | $8,988 |
Recent 2-Bedroom FMR Trend
FY2017 $432 → FY2021 $448
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2021 | $384 | $393 | $448 | $596 | $749 |
| FY2020 | $376 | $382 | $440 | $581 | $725 |
| FY2019 | $359 | $361 | $441 | $586 | $699 |
| FY2018 | $319 | $321 | $417 | $551 | $626 |
| FY2017 | $323 | $325 | $432 | $575 | $621 |
View full FMR history back to FY2000 →
FY2021 Income Limits
Area Median Income (AMI): $21,800
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $5,500 | $6,300 | $7,100 | $7,850 | $8,500 | $9,150 |
| 50% AMI (Very Low) | $9,150 | $10,450 | $11,750 | $13,050 | $14,100 | $15,150 |
| 80% AMI (Low) | $14,650 | $16,750 | $18,850 | $20,900 | $22,600 | $24,250 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$5,376/yr
FMR as % of Area Median Income
24.7% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$17,920/yr
$1,493/mo gross income
FY2021 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $190 | $218 | $245 | $294 | $316 |
| 60% AMI Maximum | $228 | $261 | $294 | $353 | $379 |
FY2021 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $354 | $354 | $354 | $354 | $354 |
| Low HOME Rent | $228 | $261 | $293 | $326 | $352 |
Compare Arecibo, PR HUD Metro FMR Area With Other PR Metros
vs. Aguadilla-Isabela, PR HUD Metro FMR Area
vs. Arecibo, PR MSA
vs. Barranquitas-Aibonito, PR HUD Metro FMR Area
vs. Caguas, PR HUD Metro FMR Area
vs. Fajardo, PR HUD Metro FMR Area