HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Aguada Municipio, Puerto Rico (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Aguada Municipio is $613 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$613
+8.7% from FY 2026
Payment standard
$552–$674
90% to 110% of the FMR, two-bedroom
Income to afford
$24,520
a year, with rent at 30% of income
Rank in Puerto Rico
37th of 78
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $504 | $454–$554 | $20,160 | $9.69/hr | +5.0% |
| 1 bedroom | $507 | $456–$558 | $20,280 | $9.75/hr | +5.2% |
| 2 bedroom | $613 | $552–$674 | $24,520 | $11.79/hr | +8.7% |
| 3 bedroom | $731 | $658–$804 | $29,240 | $14.06/hr | +7.5% |
| 4 bedroom | $820 | $738–$902 | $32,800 | $15.77/hr | +8.5% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $943 | $849–$1,037 |
| 6 bedroom Estimate | $1,066 | $959–$1,173 |
| 7 bedroom Estimate | $1,189 | $1,070–$1,308 |
| 8 bedroom Estimate | $1,312 | $1,181–$1,443 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Aguada actually rent for?
Search any address in Aguada for a rent estimate built from nearby comps, with the HUD figure right next to it.
No card needed
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Aguada somewhere between $552 and $674. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$613 a month is affordable, by HUD's 30% rule, on an income of roughly $24,520 a year. Put another way, $12 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$552 | Voucher pays at 100%$613 | Voucher pays at 110%$674 |
|---|---|---|---|---|
| $2,500 | $750 | $0 | $0 | $0 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 9% from FY 2026 ($564) to FY 2027 ($613). Since FY 2020 it's up 45% in total, about 5.4% a year. The Puerto Rico median moved up 9% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $362 | $372 | $424 | $554 | $669 | — |
| FY 2021 | $381 | $393 | $448 | $571 | $684 | +5.7% |
| FY 2022 | $387 | $402 | $462 | $574 | $676 | +3.1% |
| FY 2023 | $384 | $420 | $485 | $597 | $677 | +5.0% |
| FY 2024 | $450 | $453 | $519 | $632 | $713 | +7.0% |
| FY 2025 | $487 | $490 | $560 | $681 | $758 | +7.9% |
| FY 2026 | $480 | $482 | $564 | $680 | $756 | +0.7% |
| FY 2027In effect | $504 | $507 | $613 | $731 | $820 | +8.7% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Aguada, that runs from $504 for a studio up to $820 for four bedrooms, all five rates in the table above.
This is a metro rate. The municipio doesn't get one of its own. HUD lumps Aguada in with 6 other municipios in the Aguadilla metro, Aguadilla Municipio, Isabela Municipio, San Sebastián Municipio among them, and every one of them gets $613 for a two-bedroom. Where you are inside the metro doesn't change the municipio number. It does change the ZIP number, covered below.
Among Puerto Rico's 78 counties, Aguada ranks 37th for two-bedroom FMR. That's within a couple percent of the state median of $613 and about 42% below the national median county at $1,063. About 37,758 people live here, 26th in the state.
Counties sharing the Aguadilla metro rate
HUD sets one rate for the whole metro, so every county here carries the same $613 two-bedroom figure as Aguada.
Questions people ask
$613 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $504 for a studio, $507 for one bedroom, $731 for three and $820 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Aguada actually go for?
HUD's number is one input. Search any address in Aguada for a rent estimate built from nearby comps. Free to start, no card.
Free tier. No credit card.