FY2027 Small Area FMR · Puerto Rico
ZIP 00754 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 00754 (Puerto Rico) is $540 a month, up 3.8% from FY2026. That is 12% below the Caguas, PR area-wide FMR of $617.
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 00754 sits in the Caguas, PR area
Of the 16 ZIP codes HUD lists for the area, 00754 has the 14th highest two-bedroom Small Area FMR. Caguas, 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 $617 for two bedrooms; an agency that opts in to Small Area FMRs would use $540 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $430 | $387 – $473 | $482 | $450 |
| 1 bedroom | $440 | $396 – $484 | $502 | $450 |
| 2 bedrooms | $540 | $486 – $594 | $617 | $520 |
| 3 bedrooms | $750 | $675 – $825 | $854 | $730 |
| 4 bedrooms | $900 | $810 – $990 | $1,031 | $880 |
A household renting a two-bedroom home at the Small Area FMR of $540 needs about $21,600 a year to keep housing costs at 30% of income. The area median family income is $41,400 and the 80% low-income limit for four people is $31,100. ZIP code 00754 lies mainly in San Lorenzo Municipio. See the Caguas, PR metro page for the full income limits table and the household check.
Questions
What is the Fair Market Rent for ZIP code 00754?
HUD's FY2027 Small Area Fair Market Rents for 00754 are $430 (studio), $440 (1 BR), $540 (2 BR), $750 (3 BR) and $900 (4 BR) a month.
What is the Section 8 payment standard in 00754?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 00754 that range is $486 to $594 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 00754?
The FY2026 income limits of the Caguas, PR area apply: median family income $41,400, low-income (80%) limit $31,100 for a family of four.