The typical owner-occupied home in Naranjito Municipio is worth about $112,900, 14% below the Puerto Rico median of $131,500 and 66% below the national median of $332,700. Owners pay a median $478 a year in property taxes, about 0.42% of their home's value, lower than the Puerto Rico rate of 0.49%. The median household earns $22,156 a year, so the median home costs 5.1 times the median income (5.0 times for Puerto Rico). 69% of occupied homes here are lived in by their owners, and 30% of those owners still have a mortgage.
Naranjito Municipio at a glance
| Naranjito Municipio | Puerto Rico | U.S. | |
|---|---|---|---|
| Median home value | $112,900 | $131,500 | $332,700 |
| Median property tax paid per year | $478 | $646 | $3,119 |
| Property tax as a share of value | 0.42% | 0.49% | 0.94% |
| Median household income | $22,156 | $26,297 | $80,734 |
| Homes lived in by their owners | 69% | 68% | 65% |
| Owner homes with a mortgage | 30% | 37% | 61% |
| Median monthly costs, owners with a mortgage | $772 | $946 | $1,963 |
| Those costs as a share of the owners' income | 30.4% | 24.1% | 21.0% |
| Median rent | $488 | $578 | $1,413 |
| Rent as a share of renters' income | 24.2% | 30.4% | 30.6% |
| Median year homes were built | 1981 | 1979 | 1980 |
| Vacant homes | 19.2% | 21.0% | 10.1% |
| Population | 29,310 | 3,234,309 | 334,922,499 |
What a typical home costs per month in Naranjito Municipio
At this week's average 30-year rate of 7.11%, buying the median Naranjito Municipio home of $112,900 with 20% down costs about $694 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $882, 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 $29,749 for the 20%-down payment. That payment is 38% of the median Naranjito Municipio household income of $22,156; at that income and 20% down, the 28% guideline points to a home of about $84,000.
The median rent here is $488 a month, so owning the median home costs about $206 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $22,580 |
|---|---|
| Loan amount | $90,320 |
| Principal and interest | $608 |
| Property taxes (0.42% a year) | $40 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| PMI | $0 |
| Total per month | $694 |
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| Down payment | $3,952 |
|---|---|
| Loan amount | $110,855 |
| Principal and interest | $746 |
| Property taxes (0.42% a year) | $40 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| FHA mortgage insurance | $50 |
| Total per month | $882 |
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Questions about home buying in Naranjito Municipio
What is the median home value in Naranjito Municipio?
About $112,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Naranjito Municipio?
Homeowners pay a median $478 a year, which is about 0.42% 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 Naranjito Municipio?
For the median home with 20% down at 7.11%, the payment is about $694 a month. Keeping that under 28% of gross income takes about $29,749 a year.
More about Naranjito Municipio
- Mortgage Refinance in Naranjito Municipio
- Debt Relief in Naranjito Municipio
- Home Equity Loans in Naranjito 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