FY2027 Small Area FMR · Puerto Rico
ZIP 00728 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 00728 (Puerto Rico) is $600 a month, up 5.3% from FY2026. That is 5% above the Ponce, PR area-wide FMR of $573.
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 00728 sits in the Ponce, PR area
Of the 14 ZIP codes HUD lists for the area, 00728 has the 3rd highest two-bedroom Small Area FMR. Ponce, 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 $573 for two bedrooms; an agency that opts in to Small Area FMRs would use $600 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $530 | $477 – $583 | $505 | $500 |
| 1 bedroom | $550 | $495 – $605 | $526 | $520 |
| 2 bedrooms | $600 | $540 – $660 | $573 | $570 |
| 3 bedrooms | $830 | $747 – $913 | $793 | $790 |
| 4 bedrooms | $930 | $837 – $1,023 | $889 | $890 |
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 $30,600 and the 80% low-income limit for four people is $25,350. ZIP code 00728 lies mainly in Ponce Municipio. See the Ponce, PR metro page for the full income limits table and the household check.
Questions
What is the Fair Market Rent for ZIP code 00728?
HUD's FY2027 Small Area Fair Market Rents for 00728 are $530 (studio), $550 (1 BR), $600 (2 BR), $830 (3 BR) and $930 (4 BR) a month.
What is the Section 8 payment standard in 00728?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 00728 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 00728?
The FY2026 income limits of the Ponce, PR area apply: median family income $30,600, low-income (80%) limit $25,350 for a family of four.