Housing market/Puerto Rico/ZIP 00623
ZIP 00623 Cabo Rojo, Puerto Rico
San Germán, PR HUD Metro FMR Area · Puerto Rico. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 00623 · PR — sent to you.
ZIP 00623 · PR
ACS rent vs 2BR SAFMR
ZIP 00623 — Cabo Rojo, PR HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 00623
- 1-unit detached17,79986.8%
- 1-unit attached8624.2%
- 2–4 units6063.0%
- 5–49 units9674.7%
- 50+ units710.3%
- Mobile2031.0%
2–4 unit share 3.0% · 5–49 unit share 4.7% · combined 2–49 7.7%.
Units by bedrooms
Rent burden
- ACS median gross rent $576 (all bedrooms, occupied rentals).
- Median contract rent $431.
- Renters paying ≥30% of income 31.0%; ≥50% 14.7%.
- FY2027 2BR SAFMR $600 (1.042× ACS median gross rent).
Population
39,005 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -8.1%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 24 units.
- HUD project-based assisted MF: not published for this ZIP.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
What the data shows
ZIP 00623 22.3% of occupied households are renters; vacancy is 26.7%; ACS median gross rent is $576; population changed -8.1% between the 2018 and 2023 ACS vintages; the housing stock includes 606 units in 2–4-unit structures and 967 units in 5–49-unit structures; 1 LIHTC projects totaling 24 units; FY2027 2BR SAFMR is $600 versus ACS median gross rent of $576. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Puerto Rico research
ZIP 00623 is a Census / HUD profile for San Germán, PR. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 00623 — Cabo Rojo, PR HUD Section 8 Payment Standards / SAFMR·Puerto Rico ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Puerto Rico research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 00623?
ZIP 00623 (San Germán, PR HUD Metro FMR Area) has 39,005 residents, 15,031 households, a renter share of 22.3%, median household income of $25,614, and ACS 2023 median gross rent of $576. Vacancy is 26.7%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 00623?
ACS counts 441 units in 2-unit buildings, 165 in 3–4 unit buildings, 416 in 5–9, 137 in 10–19, and 414 in 20–49. Combined 2–49 unit stock is 1,573 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 00623?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $600. See the full schedule and 90–110% payment-standard band on the ZIP 00623 — Cabo Rojo, PR HUD Section 8 Payment Standards / SAFMR.
Does this Puerto Rico ZIP profile include Georgia listings?
No. ZIP 00623 is Census / HUD research for San Germán, PR HUD Metro FMR Area. Jeff Crowe CRE does not list Puerto Rico property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.