The typical owner-occupied home in San Germán Municipio is worth about $111,400, 15% below the Puerto Rico median of $131,500 and 67% below the national median of $332,700. Owners pay a median $591 a year in property taxes, about 0.53% of their home's value, higher than the Puerto Rico rate of 0.49%. The median household earns $18,317 a year, so the median home costs 6.1 times the median income (5.0 times for Puerto Rico). 65% of occupied homes here are lived in by their owners, and 24% of those owners still have a mortgage.
San Germán Municipio at a glance
| San Germán Municipio | Puerto Rico | U.S. | |
|---|---|---|---|
| Median home value | $111,400 | $131,500 | $332,700 |
| Median property tax paid per year | $591 | $646 | $3,119 |
| Property tax as a share of value | 0.53% | 0.49% | 0.94% |
| Median household income | $18,317 | $26,297 | $80,734 |
| Homes lived in by their owners | 65% | 68% | 65% |
| Owner homes with a mortgage | 24% | 37% | 61% |
| Median monthly costs, owners with a mortgage | $823 | $946 | $1,963 |
| Those costs as a share of the owners' income | 21.8% | 24.1% | 21.0% |
| Median rent | $481 | $578 | $1,413 |
| Rent as a share of renters' income | 30.9% | 30.4% | 30.6% |
| Median year homes were built | 1978 | 1979 | 1980 |
| Vacant homes | 27.0% | 21.0% | 10.1% |
| Population | 31,305 | 3,234,309 | 334,922,499 |
What a typical home costs per month in San Germán Municipio
At this week's average 30-year rate of 7.11%, buying the median San Germán Municipio home of $111,400 with 20% down costs about $695 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $881, 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 $29,792 for the 20%-down payment. That payment is 46% of the median San Germán Municipio household income of $18,317; at that income and 20% down, the 28% guideline points to a home of about $68,000.
The median rent here is $481 a month, so owning the median home costs about $214 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $22,280 |
|---|---|
| Loan amount | $89,120 |
| Principal and interest | $600 |
| Property taxes (0.53% a year) | $49 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $695 |
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| Down payment | $3,899 |
|---|---|
| Loan amount | $109,382 |
| Principal and interest | $736 |
| Property taxes (0.53% a year) | $49 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $881 |
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Questions about home buying in San Germán Municipio
What is the median home value in San Germán Municipio?
About $111,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in San Germán Municipio?
Homeowners pay a median $591 a year, which is about 0.53% 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 San Germán Municipio?
For the median home with 20% down at 7.11%, the payment is about $695 a month. Keeping that under 28% of gross income takes about $29,792 a year.
More about San Germán Municipio
- Mortgage Refinance in San Germán Municipio
- Debt Relief in San Germán Municipio
- Home Equity Loans in San Germán 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