FY2026 Fair Market Rents — Mayagüez, PR MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$467
1BR
$489
2BR
$536
3BR
$689
4BR
$819
Hours/week at min wage
40 hrs
to afford the 2BR FMR @ $10.50/hr (PR)
YoY change (2BR)
-6.5%
$37 vs FY2025 · 5-yr +9.6%
Voucher payment standard
$482–$590
PHAs set HCV payment at 90–110% of the 2BR FMR
Mayagüez, PR MSA
Non-Metropolitan area · PR · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $467 | $5,604 |
| 1-Bedroom | $489 | $5,868 |
| 2-Bedroom | $536 | $6,432 |
| 3-Bedroom | $689 | $8,268 |
| 4-Bedroom | $819 | $9,828 |
Recent 2-Bedroom FMR Trend
FY2020 $472 → FY2026 $536
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $467 | $489 | $536 | $689 | $819 |
| FY2025 | $498 | $518 | $573 | $730 | $846 |
| FY2024 | $461 | $474 | $532 | $664 | $758 |
| FY2023 | $439 | $449 | $507 | $617 | $781 |
| FY2022 | $420 | $427 | $487 | $602 | $819 |
| FY2021 | $419 | $429 | $489 | $608 | $847 |
| FY2020 | $403 | $415 | $472 | $588 | $829 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $27,300
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $11,150 | $12,750 | $14,350 | $15,900 | $17,200 | $18,450 |
| 50% AMI (Very Low) | $11,150 | $12,750 | $14,350 | $15,900 | $17,200 | $18,450 |
| 80% AMI (Low) | $17,850 | $20,400 | $22,950 | $25,450 | $27,500 | $29,550 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$6,432/yr
FMR as % of Area Median Income
23.6% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$21,440/yr
$1,787/mo gross income
FY2026 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 | $238 | $273 | $307 | $368 | $395 |
| 60% AMI Maximum | $286 | $327 | $368 | $442 | $475 |
FY2026 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 | $443 | $443 | $443 | $443 | $443 |
| Low HOME Rent | $278 | $318 | $358 | $397 | $430 |
Compare Mayagüez, PR MSA With Other PR Metros
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vs. Arecibo, PR MSA
vs. Barranquitas-Aibonito, PR HUD Metro FMR Area
vs. Caguas, PR HUD Metro FMR Area