Mayagüez, PR

The Mayagüez, PR metropolitan statistical area (MSA) is located on the west coast of Puerto Rico and includes the municipalities of Mayagüez, Aguadilla, and Isabela. The MSA has a population of approximately 400,000 people.

The housing market in the Mayagüez MSA has been strong in recent years. The median home price in the MSA is $175,000, which is up from $165,000 in 2016. The number of homes sold in the MSA has also increased in recent years, from 1,500 in 2016 to 1,700 in 2017.

There are several factors that have contributed to the strong housing market in the Mayagüez MSA. First, there has been an influx of people moving to the area from other parts of Puerto Rico and from other countries. This has increased demand for housing. Second, there has been an increase in investment activity in the area, both from local investors and from foreign investors. This has led to more development and construction activity, which has helped to drive up prices.

Looking ahead, it is expected that the housing market will continue to be strong in the Mayagüez MSA. Population growth is expected to continue as people move to the area for its beaches and its relatively low cost of living. Investment activity is also expected to remain robust as developers look to capitalize on the growing demand for housing.