The typical owner-occupied home in Cayey Municipio is worth about $148,300, 13% above the Puerto Rico median of $131,500 and 55% below the national median of $332,700. Owners pay a median $614 a year in property taxes, about 0.41% of their home's value, lower than the Puerto Rico rate of 0.49%. The median household earns $30,129 a year, so the median home costs 4.9 times the median income (5.0 times for Puerto Rico). 63% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Cayey Municipio at a glance
| Cayey Municipio | Puerto Rico | U.S. | |
|---|---|---|---|
| Median home value | $148,300 | $131,500 | $332,700 |
| Median property tax paid per year | $614 | $646 | $3,119 |
| Property tax as a share of value | 0.41% | 0.49% | 0.94% |
| Median household income | $30,129 | $26,297 | $80,734 |
| Homes lived in by their owners | 63% | 68% | 65% |
| Owner homes with a mortgage | 44% | 37% | 61% |
| Median monthly costs, owners with a mortgage | $932 | $946 | $1,963 |
| Those costs as a share of the owners' income | 22.9% | 24.1% | 21.0% |
| Median rent | $540 | $578 | $1,413 |
| Rent as a share of renters' income | 27.2% | 30.4% | 30.6% |
| Median year homes were built | 1981 | 1979 | 1980 |
| Vacant homes | 17.3% | 21.0% | 10.1% |
| Population | 40,917 | 3,234,309 | 334,922,499 |
What a typical home costs per month in Cayey Municipio
At this week's average 30-year rate of 7.11%, buying the median Cayey Municipio home of $148,300 with 20% down costs about $911 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,158, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $39,024 for the 20%-down payment. That payment is 36% of the median Cayey Municipio household income of $30,129; at that income and 20% down, the 28% guideline points to a home of about $114,000.
The median rent here is $540 a month, so owning the median home costs about $371 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $29,660 |
|---|---|
| Loan amount | $118,640 |
| Principal and interest | $798 |
| Property taxes (0.41% a year) | $51 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| PMI | $0 |
| Total per month | $911 |
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| Down payment | $5,190 |
|---|---|
| Loan amount | $145,614 |
| Principal and interest | $980 |
| Property taxes (0.41% a year) | $51 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| FHA mortgage insurance | $66 |
| Total per month | $1,158 |
Change the numbers in the calculator
Questions about home buying in Cayey Municipio
What is the median home value in Cayey Municipio?
About $148,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cayey Municipio?
Homeowners pay a median $614 a year, which is about 0.41% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Cayey Municipio?
For the median home with 20% down at 7.11%, the payment is about $911 a month. Keeping that under 28% of gross income takes about $39,024 a year.
More about Cayey Municipio
- Mortgage Refinance in Cayey Municipio
- Debt Relief in Cayey Municipio
- Home Equity Loans in Cayey Municipio
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data