HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Hormigueros Municipio, Puerto Rico (FY 2026)
A two-bedroom in Hormigueros Municipio carries a FY 2026 Fair Market Rent of $536 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Hormigueros keys off that figure.
2 bedroom FMR
$536
FY 2026, utilities included
Payment standard range
$482 to $590
90% to 110% of FMR
Income to afford 2BR
$21,440
per year, at 30% of income
Rank in Puerto Rico
47th of 78
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Hormigueros moves to $603. That's up 13%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Hormigueros actually rent for?
Search any address in Hormigueros for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $467 | $420 to $514 | $18,680 | $8.98/hr | -6.2% |
| 1 bedroom | $489 | $440 to $538 | $19,560 | $9.40/hr | -5.6% |
| 2 bedroom | $536 | $482 to $590 | $21,440 | $10.31/hr | -6.5% |
| 3 bedroom | $689 | $620 to $758 | $27,560 | $13.25/hr | -5.6% |
| 4 bedroom | $819 | $737 to $901 | $32,760 | $15.75/hr | -3.2% |
5 to 8 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 | $942 | $848 to $1,036 |
| 6 bedroom Estimate | $1,065 | $959 to $1,172 |
| 7 bedroom Estimate | $1,188 | $1,069 to $1,307 |
| 8 bedroom Estimate | $1,310 | $1,179 to $1,441 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
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 2026 that's October 1, 2025 through September 30, 2026. In Hormigueros, that runs from $467 for a studio up to $819 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 Hormigueros in with one other municipio in the Mayagüez metro, Mayagüez Municipio among them, and every one of them gets $536 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, Hormigueros ranks 47th for two-bedroom FMR. That's about 5% below the state median of $564 and about 47% below the national median county at $1,018. About 15,571 people live here, 68th in the state.
Counties sharing the Mayagüez metro rate
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 Hormigueros somewhere between $482 and $590. 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.
$536 a month is affordable, by HUD's 30% rule, on an income of roughly $21,440 a year. Put another way, $10 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($482) | HAP at 100% ($536) | HAP at 110% ($590) |
|---|---|---|---|---|
| $2,500 | $750 | $0 | $0 | $0 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went down 6% from FY 2025 ($573) to FY 2026 ($536). Since FY 2020 it's up 14% in total, about 2.1% a year. The Puerto Rico median moved down 2% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $403 | $415 | $472 | $588 | $829 | — |
| FY 2021 | $419 | $429 | $489 | $608 | $847 | +3.6% |
| FY 2022 | $420 | $427 | $487 | $602 | $819 | -0.4% |
| FY 2023 | $439 | $449 | $507 | $617 | $781 | +4.1% |
| FY 2024 | $461 | $474 | $532 | $664 | $758 | +4.9% |
| FY 2025 | $498 | $518 | $573 | $730 | $846 | +7.7% |
| FY 2026 | $467 | $489 | $536 | $689 | $819 | -6.5% |
| FY 2027 | $532 | $554 | $603 | $753 | $941 | +12.5% |
Questions people ask
$536 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $467 for a studio, $489 for one bedroom, $689 for three and $819 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the 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
See what income a household needs for a given rent.
What does a rental in Hormigueros actually go for?
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