The story of this market
The typical home in ZIP 00982 sells for about $235,000, or $185 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 72 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $679 a month.
ZIP 00982 — Carolina
The 00982 housing market remains stable with modest price appreciation driven by limited inventory and consistent demand from local buyers. Market conditions are heavily influenced by the broader economic climate of the San Juan metro area and the specific geographic constraints of the Carolina municipality.
This ZIP is best suited for local families and first-time buyers seeking proximity to the San Juan metro area at a more accessible price point than the capital's core.
Median prices moved up 4.2% year over year.
Homes spend a median of 72 days on market with 3.4 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 13.5% · poverty 37.2% — 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 5.5%/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 3.1%/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 00982, Carolina, PR
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Carolina area are generally higher than the national average, with property crime being the most frequently reported incident type.
Public schools in this ZIP are part of the Puerto Rico Department of Education, with most local institutions receiving mixed performance ratings.
The area is subject to tropical storm and hurricane risks, necessitating comprehensive wind and flood insurance coverage for residential properties.
Economic momentum is tied to the proximity of the Luis Muñoz Marín International Airport and the commercial corridors of Carolina, though new residential development is limited by land availability.
Property taxes are administered by the Municipal Revenue Collection Center (CRIM); rates are set at the municipal level with specific exemptions for primary residences.
Residents primarily rely on private vehicles for commuting to San Juan and surrounding employment hubs via PR-26 and PR-3.
The area features local community parks and is within a short drive of the Carolina public beaches and the Balneario de Carolina.
The rental market is characterized by high demand for affordable units, with limited new supply and a steady presence of long-term local tenants.
The economy is heavily influenced by the aviation sector, tourism, and retail trade centered around the airport and major shopping malls.
The area is served by major highway arteries connecting to the San Juan metropolitan transit network.
Development is largely focused on commercial infill and infrastructure maintenance rather than large-scale residential expansion.
The Centro de Recaudación de Ingresos Municipales (CRIM) manages all property assessments and tax collections for the municipality.
Parcels are subject to municipal zoning and standard utility service districts.
Property insurance premiums are elevated due to the high risk of wind and flood damage in the Caribbean region.
Net domestic migration has historically been negative, though recent years show stabilization in the San Juan metro periphery.
Foreclosures in Puerto Rico are judicial, requiring court intervention and following specific local civil procedure codes.
Sellers are required to provide a property disclosure statement detailing the condition of the home and any known defects.
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 major public beach facility serving the region.
A large regional shopping center providing extensive retail and dining options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.