The story of this market
The typical home in ZIP 00740 sells for about $450,000, or $250 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $620 a month.
ZIP 00740 — Puerto Real
The housing market in 00740 is characterized by low inventory and stable pricing, driven by its coastal location and limited new construction. Demand remains steady for waterfront and vacation-oriented properties, though the broader market is constrained by economic factors and high insurance costs. Figures for specific metrics like days on market and price cuts are estimated based on regional trends as precise ZIP-level data is not publicly reported.
This area is suitable for those seeking coastal living, vacation property investors, and local residents who prioritize proximity to the marina and maritime activities.
Median prices moved up 2.5% year over year.
Homes spend a median of 120 days on market with 5.0 months of supply — a slower-moving market.
10% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 14.7% · poverty 49.2% — elevated distress and economic pressure.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 00740, Puerto Rico
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is subject to tropical storm and hurricane risks common to coastal Puerto Rico, necessitating robust property insurance coverage.
Economic activity is primarily driven by tourism and local services in the Fajardo region, with limited large-scale industrial development.
Property taxes in Puerto Rico are administered by the Municipal Revenue Collection Center (CRIM), with rates varying by municipality and specific exemptions for primary residences.
Commuting is primarily car-dependent, with access to PR-3 providing the main corridor toward the San Juan metropolitan area.
The area features proximity to the Puerto Real waterfront, local marinas, and access to the beaches and nature reserves of the Fajardo coast.
The rental market is characterized by a mix of long-term residential leases and seasonal vacation rentals, with limited inventory in the 00740 ZIP code.
The local economy is heavily reliant on the tourism, hospitality, and maritime sectors, supported by the nearby port facilities.
Transportation is dominated by private vehicle use, with PR-3 serving as the primary arterial road connecting the area to the rest of the island.
Development is largely focused on small-scale residential and tourism-related improvements along the coast.
The Municipal Revenue Collection Center (CRIM) manages property assessments and tax collections across the municipality.
Parcels are subject to municipal property taxes and standard utility service districts.
Property insurance premiums are influenced by high exposure to hurricane and flood risks, requiring specialized coverage.
Data retrieved from data.census.gov ZCTA-level tables.
- Taylor Park Trading Post4.42.2 mi
- Gunnison National Forest4.811.4 mi
- Denny Creek Trailhead4.810.9 mi
- Silver Plume Rentals512.7 mi
- St. Elmo, CO4.712 mi
- Taylor Park Trading Post4.42.2 mi
- Gunnison National Forest4.811.4 mi
- Denny Creek Trailhead4.810.9 mi
- Cottonwood Pass57.1 mi
- Taylor Park Marina4.83.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A central hub for boating and maritime activities in the area.
Provides access to various beaches and coastal recreation spots.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.