The typical owner-occupied home in Toa Baja Municipio is worth about $148,900, 13% above the Puerto Rico median of $131,500 and 55% below the national median of $332,700. Owners pay a median $776 a year in property taxes, about 0.52% of their home's value, higher than the Puerto Rico rate of 0.49%. The median household earns $32,017 a year, so the median home costs 4.7 times the median income (5.0 times for Puerto Rico). 69% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Toa Baja Municipio at a glance
| Toa Baja Municipio | Puerto Rico | U.S. | |
|---|---|---|---|
| Median home value | $148,900 | $131,500 | $332,700 |
| Median property tax paid per year | $776 | $646 | $3,119 |
| Property tax as a share of value | 0.52% | 0.49% | 0.94% |
| Median household income | $32,017 | $26,297 | $80,734 |
| Homes lived in by their owners | 69% | 68% | 65% |
| Owner homes with a mortgage | 43% | 37% | 61% |
| Median monthly costs, owners with a mortgage | $959 | $946 | $1,963 |
| Those costs as a share of the owners' income | 23.5% | 24.1% | 21.0% |
| Median rent | $713 | $578 | $1,413 |
| Rent as a share of renters' income | 25.7% | 30.4% | 30.6% |
| Median year homes were built | 1977 | 1979 | 1980 |
| Vacant homes | 18.2% | 21.0% | 10.1% |
| Population | 73,039 | 3,234,309 | 334,922,499 |
What a typical home costs per month in Toa Baja Municipio
At this week's average 30-year rate of 7.11%, buying the median Toa Baja Municipio home of $148,900 with 20% down costs about $928 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,176, 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 $39,767 for the 20%-down payment. That payment is 35% of the median Toa Baja Municipio household income of $32,017; at that income and 20% down, the 28% guideline points to a home of about $120,000.
The median rent here is $713 a month, so owning the median home costs about $215 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $29,780 |
|---|---|
| Loan amount | $119,120 |
| Principal and interest | $801 |
| Property taxes (0.52% a year) | $65 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| PMI | $0 |
| Total per month | $928 |
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| Down payment | $5,212 |
|---|---|
| Loan amount | $146,203 |
| Principal and interest | $984 |
| Property taxes (0.52% a year) | $65 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| FHA mortgage insurance | $66 |
| Total per month | $1,176 |
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Questions about home buying in Toa Baja Municipio
What is the median home value in Toa Baja Municipio?
About $148,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Toa Baja Municipio?
Homeowners pay a median $776 a year, which is about 0.52% 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 Toa Baja Municipio?
For the median home with 20% down at 7.11%, the payment is about $928 a month. Keeping that under 28% of gross income takes about $39,767 a year.
More about Toa Baja Municipio
- Mortgage Refinance in Toa Baja Municipio
- Debt Relief in Toa Baja Municipio
- Home Equity Loans in Toa Baja 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