The story of this market
The typical home in ZIP 00985 sells for about $185,000, or $142 per square foot.
Prices are up +2.8% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $601 a month.
ZIP 00985 — Carolina
The housing market in 00985 remains stable with modest price appreciation driven by limited inventory and steady demand. Figures for active listings and days on market reflect a balanced environment, though rental demand remains high. Note that specific real-time metrics like exact active inventory counts are estimated based on regional trends as precise ZIP-level live feeds are not publicly published.
This ZIP is well-suited for local families and workers who prioritize proximity to the San Juan metro area and coastal amenities. It is less attractive to luxury investors but offers accessible entry points for first-time buyers and long-term renters.
Median prices moved up 2.8% year over year.
Homes spend a median of 68 days on market with 4.2 months of supply — a balanced-paced market.
13% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 12.3% · poverty 28.3% — 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 3.6%/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 00985, 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 Carolina are generally higher than the national average, with property crime being the most frequently reported issue. Local authorities maintain a consistent presence, but residents are advised to exercise standard urban safety precautions.
Public schools in this area are part of the Puerto Rico Department of Education system, which faces ongoing challenges regarding infrastructure and resource allocation. Performance metrics vary significantly by individual school site.
The area is subject to tropical storm and hurricane risks, necessitating robust building standards and comprehensive property insurance coverage. Flood zones are present in low-lying coastal and riverine sections of the municipality.
Economic momentum is tied to the broader San Juan metropolitan area, with major activity centered on tourism, logistics, and retail services. Infrastructure development is focused on improving transit connectivity and utility resilience.
Property taxation is administered by the Municipal Revenue Collection Center (CRIM). Rates are set at the municipal level, and exemptions are available for primary residences (homestead) and certain senior or veteran categories.
Commuting to the San Juan employment core is primarily via PR-26 and PR-3, which experience significant congestion during peak hours. Public transit options are limited, making personal vehicle ownership the standard for most residents.
The area features proximity to coastal beaches, local community parks, and various shopping centers including Plaza Carolina. Recreational opportunities are largely focused on outdoor coastal activities and neighborhood-level sports facilities.
The rental market is characterized by steady demand from local residents and a growing presence of short-term vacation rentals near coastal zones. Vacancy rates remain relatively low due to limited new housing supply.
The economy is driven by the service sector, retail, and logistics, benefiting from proximity to the Luis Muñoz Marín International Airport. Tourism and government services remain significant employers for the local population.
Transportation relies heavily on the highway network, specifically PR-26 and PR-3, connecting the area to the San Juan metropolitan core. Public transit infrastructure is currently limited in scope.
Development is focused on urban revitalization and infrastructure hardening to mitigate climate-related risks. New projects are primarily mixed-use or commercial renovations.
The Municipal Revenue Collection Center (CRIM) manages property assessments and tax collection for all municipalities in Puerto Rico.
Parcels are subject to municipal property taxes and standard utility service districts for water and electricity provided by the Puerto Rico Electric Power Authority (PREPA) and PRASA.
Property insurance premiums are elevated due to high exposure to hurricane and flood risks, with many properties requiring specialized coverage.
Net domestic migration has historically been negative, reflecting broader trends in Puerto Rico, though recent years have seen stabilization in certain urban centers.
Foreclosure in Puerto Rico is a judicial process requiring court intervention, which can result in longer timelines for lenders compared to non-judicial states.
Sellers are required to provide a disclosure statement regarding the condition of the property, including known defects and structural issues.
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 regional shopping destination serving the Carolina and San Juan area.
A popular public beach facility with recreational amenities and coastal access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.