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Caguas Real Estate For Sale In PR
Located 20 miles south of San Juan, Caguas is a quaint city surrounded by scenic mountains, offering a pleasantly rural spot to purchase affordable Puerto Rico real estate. Caguas is on the eastern side of the Central Mountain Range, giving slow-paced vibes among lush landscapes and providing all the necessary amenities, including schools, shops, services, and historical and ecological landmarks and attractions. It is also a major commercial hub on the island. If you're searching for an island retreat, check out our listings of Caguas real estate.
More About Caguas, PR Real Estate
Caguas is both a city and a municipality in the eastern portion of Puerto Rico, around half an hour south of Luis Muñoz Marin Airport, the coast, and San Juan, the country’s capital. The city is also close to other major cities, like Trujillo Alto and Guaynabo.
Caguas is home to over 127K people and a major city in the San Juan-Caguas-Guaynabo Metropolitan Statistical Area as well as the San Juan-Caguas-Fajardo Combined Statistical Area, providing essential services and resources to both.
Nestled in the Turabo Valley, Caguas real estate is surrounded by mountains (Altos de la Mesa Range, San Luis Range, Sierra de Luquillo, Sierra de Cayey, and Cordillera Central) and rivers (Río Grande de Loíza, Río Turabo, Río Cagüitas, Río Cañaboncito, Río Bairoa, and Río Cañas), which makes this a fertile region for agriculture and an ecological paradise.
Caguas is an ideal relocation spot for families and retirees looking to move away from the buzzing city and enjoy a peaceful existence among natural beauty while still enjoying convenient services and comforts.
This is also an excellent spot for low-cost real estate and top-notch outdoor recreation. Caguas residents enjoy plentiful walking trails, gastronomic festivals, sports activities, and historical and cultural attractions.
Caguas, Puerto Rico, Nearby Cities
- 8 kilometers to Gurabo, PR
- 14 kilometers to San Lorenzo, PR
- 23 kilometers to Guaynabo, PR
- 24 kilometers to Cayey, PR
- 27 kilometers to Trujillo Alto, PR
- 35 kilometers to San Juan, PR
Caguas, PR Real Estate Market
Caguas might be the perfect enclave if you're looking for an affordable property in Puerto Rico and are okay with being a little farther from the beach. Purchasing Caguas real estate provides a desirable mix of rural charm and modern amenities, making it an ideal spot to lay down roots with the whole family or solo.
Real estate in Caguas has a median listing price of $167.5K, approximately $125 per square foot. This cost is over 50% cheaper than the typical price of existing homes in mainland America, which was $392K in Q3 2022.
Most of the Caguas real estate market is made of single-family homes for sale, going from small fixer-uppers with less than 900 square feet of living space priced around $80K to sizeable new construction residences of Contemporary design with four or more bedrooms, golf course access, and state-of-the-art features priced at around $800K.
Some multi-family properties and urban, move-in-ready condos for sale in Caguas are available in more limited amounts offering a low-maintenance lifestyle to smaller families and downsizers.
For those interested in investing in vacation/rental homes or commercial property in Caguas, housing costs remain low, making now the best time to invest. Contact a Caguas real estate agent to coordinate a tour if you see anything that might fit your needs among our property listings.
Caguas, PR Neighborhood Sampler
Like other municipalities in Puerto Rico, Caguas real estate is divided into neighborhoods or barrios. That said, homebuyers have 11 different barrios to choose real estate from across Caguas, and these are some of the best places to live in the city.
Los Prados
Los Prados, a 10-minute ride west of Caguas Pueblo, is one the most coveted neighborhoods to put down roots in Caguas, Puerto Rico. Los Prados real estate consists of single-family detached homes and some condo communities offering three-bedroom units with garden views and desirable amenities. The median listing price of Caguas real estate in this area is $172.5K.
Living in Los Prados offers homebuyers the convenience of living close to great recreation, including the Jardín Botánico y Cultural William Miranda Marín and the Municipal Sports Complex Ingeniero Ángel O. Berríos Díaz.
This barrio is also just minutes from Los Prados Shopping Center with its assortment of groceries, pharmacies, various shops and eats, and Route 156, taking residents to downtown Caguas and other locations in central Puerto Rico in a breeze.
Caguas Pueblo
Also known as Caguas Barrio-Pueblo, this is Caguas' downtown area and administrative center, where locals find a large concentration of amenities, civic buildings, places of worship, landmarks, and much more. If you seek an urban lifestyle in Caguas, this is the best place to make that dream a reality.
Caguas Barrio-Pueblo real estate comes in an array of options, ranging from charming bungalows to spacious single-family homes and condos. The real estate market is usually active, so you have plenty of choices, and the median value of a property here is $109.9K.
Close to major highways, public transportation, and many parks make a living here incredibly convenient. Plus, the best Caguas festivals, like the Fiestas Patronales (patron saint festivities), are celebrated yearly in the central town square!
Caguas, PR Schools
The Puerto Rico Department of Education supervises Caguas public schools, and the system mirrors the American offering K-12 institutions divided into three levels (elemental, intermedia, y superior) and higher education institutions. According to publicschoolreview.com, 32 public schools in Caguas serve 8,877 students in grades kindergarten through 12th.
Even though public schools are good in Caguas, residents prefer to enroll their school-age children in private schools they call colegios. While Spanish is the primary language of instruction in Caguas and the rest of Puerto Rico, students learn English as a second language at the same time. When shopping for real estate in Caguas, here are some top schools in the area:
Public Schools In Caguas, Puerto Rico
Elementary Schools
- José Mercado Elementary School
- Escuela Elemental Pedro Millán Rivera
- Diego Vázquez Elementary School
- Pepita Arenas Elementary School
- Escuela Elemental Luis Muñoz Rivera
Middle Schools
- Escuela Felipe Rivera Centeno
- Escuela Intermedia Haydée Caballero
- Escuela Intermedia Nicolás Aguayo Aldea
High Schools
- Escuela Superior José Gautier Benítez
- Eloisa Pascual High School
- Escuela Superior Manuela Toro Morice
Private Schools In Caguas, Puerto Rico
- Caguas Private School
- Thomas Alva Edison School
- Little Harvard Bilingual School
- Colegio Católico Notre Dame
Colleges & Universities in Caguas, Puerto Rico
- Universidad Interamericana - Centro Universitario Caguas
- NUC University - Recinto de Caguas
- Columbia Central University - Recinto de Caguas
- Huertas College
Frequently Asked Questions About Caguas, PR Real Estate
What Is The Zip Code For Caguas, Puerto Rico?
Whether residential or commercial, Caguas real estate zip codes offer prospective homebuyers an array of choices based on their individual needs. If you're in the market for condos or homes for sale in Caguas, look into these three zip codes:
- 00725
- 00726
- 00727
Where Is The Nearest Commercial Airport In Caguas, Puerto Rico?
The nearest commercial airport near Caguas real estate is Luis Muñoz Marin International Airport (SJU), situated 25 kilometers north of Caguas, around a half-an-hour drive.
Is Caguas, Puerto Rico a good place to live?
Caguas is a charming town in the lush mountains of Puerto Rico that makes the perfect spot for those looking to enjoy an easy-going lifestyle. If you want a more fast-paced lifestyle, Caguas real estate might feel too sleepy for your taste, while cities like San Juan might be more to your liking.
Aside from the overall atmosphere, Caguas has other features that make it an attractive living spot; some of those are:
- With a median price of around $167K, Caguas real estate is quite affordable, making it an attractive place for budget-conscious, growing families and retirees.
- Education in Caguas, particularly private schools, is of good quality. The city also has local higher education alternatives.
- For those who enjoy an active lifestyle, Caguas boasts numerous parks and gardens as well as a recently renovated downtown area, Caguas Pueblo, where residents can find many shops, restaurants, entertainment, and events.
What is Caguas, Puerto Rico known for?
Due to its location, Caguas has been dubbed the "Heart and Center" of the island of Puerto Rico. The city is a bustling business hub, with the local economy bolstered by over 40 factories manufacturing clothes, leather goods, and electronic products.
Another noticeable feature of Caguas is its unique assortment of cultural and ecological institutions, activities, and events throughout the year, earning the city's nickname "La Ciudad Criolla" (Creole City); its popularity as a vacation destination has grown significantly.
Can a U.S. citizen just move to Puerto Rico?
Puerto Rico is an unincorporated U.S. territory; this means it is not a state nor a sovereign nation. For Americans, this translates to no relocation hassles. You don't need a work permit or a visa to move here; you don't even need a passport to enter Puerto Rico! Now, you'll need to fulfill some specific requirements to obtain Income Tax "residency."
Now, If you have a different nationality, you may need a valid passport and an approved ESTA visa to enter the country. The visa allows a 90-day stay with each entrance regardless of whether it's transit, tourism, or business-related. This authorization remains valid for up to two years from the issue date.
Do you pay property taxes on homes in Puerto Rico?
Purchasing real estate in Caguas or any other location across Puerto Rico means you're now a homeowner and liable for a property tax every year. The Municipal Collection Revenue Center (CRIM) is the governmental entity collecting property taxes across the island.
Since 1957-1958, the government has been relying on constant values for calculating property taxes in Puerto Rico. Depending on the area, taxes for your piece of real estate in Caguas can fluctuate from 8.03% up to 11.83%, so be sure you're aware of any applicable charges when budgeting for your new home.
Is moving to Puerto Rico good for taxes?
By relocating to Puerto Rico and meeting its qualifications, you can take full advantage of Act 60 of 2019 - a 0% income tax bracket for capital gains from within the country as well as other passive sources like dividends and interest earnings.
Now, even if you are a US citizen or green card holder and relocate to Puerto Rico, the federal government will still require taxes to be paid on any income obtained outside of the island.
Fortunately, the Internal Revenue Code (I.R.C.) section 933 offers a silver lining for bona fide residents of Puerto Rico: it allows them to exclude any income from P.R.-based sources when calculating their U.S. taxable income.
Do I need to speak Spanish to live in Caguas, Puerto Rico?
The ability to speak at least basic Spanish will open many doors for you if you decide to purchase real estate in Caguas. Locals love to see foreigners learn their language and culture.
However, people with limited Spanish don't have any problems in Puerto Rico since many locals are bilingual, or you will always find someone willing to translate.
Consider that English proficiency in Puerto Rico varies and tends to be better in bigger cities like San Juan, Mayagüez, and Ponce or in popular tourist destinations like Rincón.
Things To Do In Caguas, PR
- Jardín Botánico y Cultural William Miranda Marín: This Caguas landmark is situated in the neighborhood of Cañabon and consists of a botanical garden, a natural reserve, and an archeological site spread across 58 acres. It includes collections such as the arboretum, fruit orchards, and a butterfly space.
- Caguas Museum of History: Located on the western side of Plaza Palmer, in the main town square, The Caguas Museum of History has five exhibitions showcasing the city’s identity and past. It includes a varied selection of artwork and artifacts, from pre-Columbian Taíno and African pieces to 19th-century paintings by local artists highlighting life in the city.
- Caguas Real Golf & Country Club: Caguas Real Golf & Country Club is the perfect place for golf lovers in Puerto Rico. This country club has great golfing facilities, and services here are budget-friendly and paired with top-notch customer service.
- Charco El Cantil: Lovingly known as “the beach of Caguas,” Charco El Cantil is a small waterfall on the Turabo River that creates a natural swimming pool of shallow waters, perfect for a day of fun among nature.
- Río Siete Chorros: This series of waterfalls, part of the Emajagua River, is in San Lorenzo, south of Caguas. You will be able to enjoy the seven 12-15 feet tall waterfalls, hike the surroundings for some fantastic views, and even find historical places to visit in San Lorenzo. This is a fun experience for outdoor enthusiasts.
Living In Caguas, PR Real Estate
Cost Of Living in Caguas, Puerto Rico
Caguas, Puerto Rico, is a great place to live if you want affordability. According to the cost of living calculator of the Economic Research Institute, Caguas is 4% less expensive than other parts of the island and 6% more affordable than most cities in the United States.
The typical Caguas household earns an average annual income of $32,372. Food is the city's most significant expense, including grocery shopping and restaurant eating. However, Caguas residents can expect to pay significantly less for Caguas real estate (median listing price is $167.5K), transportation, and healthcare costs.
Weather in Caguas, Puerto Rico
Snuggled in the northeast of Puerto Rico, Caguas has a Tropical monsoon climate providing residents with balmy temperatures all year. Sitting east of the island, Caguas knows no off-seasons, with temperatures ranging from a comfortable 29°C (84°F) to sweltering 41°C (105°F).
Summer tends to be warmer and wetter than winter, with frequent rain showers that cool things down throughout the day. In an unexpected twist, autumn months are slightly cooler than spring! Regardless of the season, however, real estate in Caguas is constantly bathed in sunshine and situated in an atmosphere ripe with tropical vibes.
Healthcare Services in Caguas, Puerto Rico
Caguas, Puerto Rico, has a rich offering of healthcare services available to its residents. From primary care centers to specialty medical practices and hospitals, residents in Caguas real estate have plenty of options. Top providers of quality health care in Caguas include:
- Hospital Menonita Caguas: This acute care hospital in downtown Caguas has 246 beds. It provides a wide range of inpatient and outpatient therapeutic and diagnostic services, catering to an expansive variety of medical conditions, both surgical and non-surgical.
- HIMA San Pablo Caguas Hospital: This hospital is an advanced neuroscience center with specialty areas such as epilepsy monitoring, stroke treatment, multiple sclerosis, and many neurological disorders.
- NeoMed Center Gurabo: Situated eight kilometers east of Caguas in the neighboring municipality of Gurabo, NeoMed Center Gurabo offers a wide range of outpatient medical services, including emergency care, HIV/AIDS treatment, and management, psychiatric treatments, psychological support services, as well as pediatric healthcare.
Job Market in Caguas, PR
Since its establishment in 1775, Caguas has been an essential generator of economic activity. The city is the industrial, commercial, cultural, and financial hub for the mid-northeast region of the island, which is often why many people seek out real estate in Caguas. Gaining notoriety across the Caribbean for its self-sustained economy, Caguas is widely celebrated for its production of textiles and electronics.
The city offers its residents many nearby job opportunities thanks to a remarkable variety of industries taking over the area in recent years, including pharmaceuticals and call centers. Technology sectors such as artificial intelligence and cyber security have become increasingly important in recent years. This shift in focus is designed to drive further economic growth while establishing Caguas as a powerhouse of innovation.
Transportation in Caguas, PR
Being a predominantly rural city, most of Caguas is car-dependent; however, certain areas can be highly pedestrian-friendly, like Caguas Pueblo, the downtown core, which boasts a walk score of 76 out of 100. This means most downtown Caguas real estate residents can conduct everyday businesses on foot.
Residents and visitors looking to travel to neighboring localities like Bayamon, Guaynabo, or San Juan or explore the island further should own a car. The city is home to many roads and highways, including the main thoroughfare, Highway 52, which runs east-west from San Juan to Ponce in the south as part of Puerto Rico's Central Highway system. Locals and visitors can also take routes 1, 174, and 654 or Highway 184.
Caguas also provides public transportation options. The most common and abundant option is the Carros Públicos (Jitney-type taxis). In addition, ALSA, the local land transport provider, is dedicated to unifying the cities of Caguas and San Juan with daily efficient bus services.