FY2027 Small Area FMR · Puerto Rico
ZIP 00723 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 00723 (Puerto Rico) is $600 a month, unchanged from FY2026. That is 16% above the Guayama, PR area-wide FMR of $517.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 00723 sits in the Guayama, PR area
Of the 5 ZIP codes HUD lists for the area, 00723 has the 1st highest two-bedroom Small Area FMR. Guayama, PR is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $517 for two bedrooms; an agency that opts in to Small Area FMRs would use $600 for this ZIP code instead.
ZIP code 00723 crosses more than one HUD area. HUD also lists it under San Juan-Guaynabo, PR (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $510 | $459 – $561 | $456 | $500 |
| 1 bedroom | $520 | $468 – $572 | $475 | $520 |
| 2 bedrooms | $600 | $540 – $660 | $517 | $600 |
| 3 bedrooms | $790 | $711 – $869 | $716 | $780 |
| 4 bedrooms | $950 | $855 – $1,045 | $772 | $930 |
A household renting a two-bedroom home at the Small Area FMR of $600 needs about $24,000 a year to keep housing costs at 30% of income. The area median family income is $26,300 and the 80% low-income limit for four people is $22,300. ZIP code 00723 lies mainly in Patillas Municipio, Maunabo Municipio and Arroyo Municipio. See the Guayama, PR metro page for the full income limits table and the household check.
Questions
What is the Fair Market Rent for ZIP code 00723?
HUD's FY2027 Small Area Fair Market Rents for 00723 are $510 (studio), $520 (1 BR), $600 (2 BR), $790 (3 BR) and $950 (4 BR) a month.
What is the Section 8 payment standard in 00723?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 00723 that range is $540 to $660 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 00723?
The FY2026 income limits of the Guayama, PR area apply: median family income $26,300, low-income (80%) limit $22,300 for a family of four.