HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Ponce Municipio, Puerto Rico (FY 2027)
$573 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Ponce Municipio, and it's the baseline every voucher in Ponce is measured against.
Two-bedroom FMR
$573
+6.5% from FY 2026
Payment standard
$516–$630
90% to 110% of the FMR, two-bedroom
Income to afford
$22,920
a year, with rent at 30% of income
Rank in Puerto Rico
51st 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 | $505 | $455–$556 | $20,200 | $9.71/hr | +7.7% |
| 1 bedroom | $526 | $473–$579 | $21,040 | $10.12/hr | +7.1% |
| 2 bedroom | $573 | $516–$630 | $22,920 | $11.02/hr | +6.5% |
| 3 bedroom | $793 | $714–$872 | $31,720 | $15.25/hr | +6.0% |
| 4 bedroom | $889 | $800–$978 | $35,560 | $17.10/hr | +5.3% |
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 | $1,022 | $920–$1,124 |
| 6 bedroom Estimate | $1,156 | $1,040–$1,272 |
| 7 bedroom Estimate | $1,289 | $1,160–$1,418 |
| 8 bedroom Estimate | $1,422 | $1,280–$1,564 |
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 Ponce actually rent for?
Search any address in Ponce 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 Ponce somewhere between $516 and $630. 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.
$573 a month is affordable, by HUD's 30% rule, on an income of roughly $22,920 a year. Put another way, $11 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%$516 | Voucher pays at 100%$573 | Voucher pays at 110%$630 |
|---|---|---|---|---|
| $2,500 | $750 | $0 | $0 | $0 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 7% from FY 2026 ($538) to FY 2027 ($573). Since FY 2020 it's up 30% in total, about 3.8% 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 | $377 | $388 | $442 | $638 | $749 | — |
| FY 2021 | $384 | $393 | $448 | $641 | $738 | +1.4% |
| FY 2022 | $392 | $399 | $455 | $646 | $750 | +1.6% |
| FY 2023 | $421 | $430 | $486 | $685 | $770 | +6.8% |
| FY 2024 | $454 | $467 | $524 | $738 | $828 | +7.8% |
| FY 2025 | $512 | $532 | $589 | $825 | $894 | +12.4% |
| FY 2026 | $469 | $491 | $538 | $748 | $844 | -8.7% |
| FY 2027In effect | $505 | $526 | $573 | $793 | $889 | +6.5% |
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 Ponce, that runs from $505 for a studio up to $889 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 Ponce in with 2 other municipios in the Ponce metro, Juana Díaz Municipio, Villalba Municipio among them, and every one of them gets $573 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, Ponce ranks 51st for two-bedroom FMR. That's about 7% below the state median of $613 and about 46% below the national median county at $1,063. About 132,760 people live here, 4th in the state.
Counties sharing the Ponce metro rate
HUD sets one rate for the whole metro, so every county here carries the same $573 two-bedroom figure as Ponce.
Questions people ask
$573 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $505 for a studio, $526 for one bedroom, $793 for three and $889 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 Ponce actually go for?
HUD's number is one input. Search any address in Ponce for a rent estimate built from nearby comps. Free to start, no card.
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