Fajardo Municipio, PR: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$6392-bedroom FMR, FY2027

$4981-bedroom FMR, FY2027

$28,00080% income limit, family of 4 (FY2026)

$30,800Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Fajardo Municipio is $639 a month, up 6.5% from $600 in FY2026. Fajardo Municipio belongs to the Fajardo, PR HUD Metro FMR Area FMR area, so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Fajardo Municipio by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$495	$487	+1.6%	$446 – $544
1 bedroom	$498	$490	+1.6%	$449 – $547
2 bedrooms	$639	$600	+6.5%	$576 – $702
3 bedrooms	$782	$736	+6.3%	$704 – $860
4 bedrooms	$843	$799	+5.5%	$759 – $927

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Fajardo Municipio that is typically $576 to $702 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$16,960median income of renter households

$625Median gross rent, all units

44%Rent-to-income ratio (median rent ÷ median renter income)

56%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $16,960 can afford about $424 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $639 is $215 (50.7%) more than that. To rent a two-bedroom at the FMR, a household needs $25,560 a year under the 30% rule, or $23,004 under the common landlord rule that income must be three times the rent.

Fajardo Municipio, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$625 ±$45
Median income of renter households	$16,960 ±$2,444
Renters paying 30% or more of income (cost-burdened)	55.5% ±17.1
Renters paying 50% or more (severely cost-burdened)	31.8% ±2.9
Renter households (where the share can be computed)	2,629

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$515	$625	+21.4%
Median renter household income	$12,127	$16,960	+39.9%
Renters paying 30%+ of income	60.2%	55.5%	−4.7 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $600 to $730 depending on the ZIP code.

All 4 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
00735	$510	$520	$600	$790	$950
00738	$500	$500	$640	$780	$840
00740	$500	$500	$640	$780	$840
00773	$570	$570	$730	$890	$960

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Fajardo Municipio (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $30,800 (FY2025: $31,000, −0.6%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$12,250 +1.7%	$14,000 +1.8%	$15,750 +1.9%	$17,500 +2.0%	$18,900 +1.9%	$20,300 +2.0%	$21,700 +1.9%	$23,100 +2.0%
Very low income (50%)	$12,250 +1.7%	$14,000 +1.8%	$15,750 +1.9%	$17,500 +2.0%	$18,900 +1.9%	$20,300 +2.0%	$21,700 +1.9%	$23,100 +2.0%
Low income (80%)	$19,600 +1.8%	$22,400 +1.8%	$25,200 +1.8%	$28,000 +2.0%	$30,250 +2.0%	$32,500 +2.0%	$34,750 +2.1%	$37,000 +2.1%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.