HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Orocovis Municipio, Puerto Rico (FY 2027)
$521 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Orocovis Municipio, and it's the baseline every voucher in Orocovis is measured against.
Two-bedroom FMR
$521
+5.7% from FY 2026
Payment standard
$469–$573
90% to 110% of the FMR, two-bedroom
Income to afford
$20,840
a year, with rent at 30% of income
Rank in Puerto Rico
63rd 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 | $450 | $405–$495 | $18,000 | $8.65/hr | +4.9% |
| 1 bedroom | $467 | $420–$514 | $18,680 | $8.98/hr | +7.9% |
| 2 bedroom | $521 | $469–$573 | $20,840 | $10.02/hr | +5.7% |
| 3 bedroom | $681 | $613–$749 | $27,240 | $13.10/hr | +9.7% |
| 4 bedroom | $726 | $653–$799 | $29,040 | $13.96/hr | +3.1% |
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 | $835 | $752–$919 |
| 6 bedroom Estimate | $944 | $850–$1,038 |
| 7 bedroom Estimate | $1,053 | $948–$1,158 |
| 8 bedroom Estimate | $1,162 | $1,046–$1,278 |
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 Orocovis actually rent for?
Search any address in Orocovis for a rent estimate built from nearby comps, with the HUD figure right next to it.
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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 Orocovis somewhere between $469 and $573. 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.
$521 a month is affordable, by HUD's 30% rule, on an income of roughly $20,840 a year. Put another way, $10 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%$469 | Voucher pays at 100%$521 | Voucher pays at 110%$573 |
|---|---|---|---|---|
| $2,500 | $750 | $0 | $0 | $0 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 6% from FY 2026 ($493) to FY 2027 ($521). Since FY 2020 it's up 27% in total, about 3.5% 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 | $327 | $359 | $409 | $520 | $554 | — |
| FY 2021 | $337 | $369 | $421 | $524 | $573 | +2.9% |
| FY 2022 | $360 | $390 | $444 | $549 | $605 | +5.5% |
| FY 2023 | $399 | $423 | $478 | $644 | $784 | +7.7% |
| FY 2024 | $450 | $458 | $526 | $636 | $732 | +10.0% |
| FY 2025 | $428 | $428 | $493 | $599 | $701 | -6.3% |
| FY 2026 | $429 | $433 | $493 | $621 | $704 | 0.0% |
| FY 2027In effect | $450 | $467 | $521 | $681 | $726 | +5.7% |
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 Orocovis, that runs from $450 for a studio up to $726 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 Orocovis in with 3 other municipios in the Barranquitas-Aibonito metro, Barranquitas Municipio, Aibonito Municipio, Ciales Municipio among them, and every one of them gets $521 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, Orocovis ranks 63rd for two-bedroom FMR. That's about 15% below the state median of $613 and about 51% below the national median county at $1,063. About 21,309 people live here, 58th in the state.
Counties sharing the Barranquitas-Aibonito metro rate
HUD sets one rate for the whole metro, so every county here carries the same $521 two-bedroom figure as Orocovis.
Questions people ask
$521 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $450 for a studio, $467 for one bedroom, $681 for three and $726 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 Orocovis actually go for?
HUD's number is one input. Search any address in Orocovis for a rent estimate built from nearby comps. Free to start, no card.
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