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Homes For Sale In San Juan, PR

Homes

As the capital and largest urban area on the island of Puerto Rico, San Juan is a vibrant tourist destination filled with historic attractions and stunning beaches. But for Americans wanting to embrace Caribbean living more permanently, purchasing real estate in Puerto Rico provides good investment prospects. That includes profitable financing options, a smooth immigration experience, and remarkable tax incentives. The homes for sale in San Juan are in a competitive market, but there are options to suit every lifestyle and price point. Keep reading to know more!

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$125,000

Active Listing

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New Listing - 15 hours on Site

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$1,790,000

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$1,375,000

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2212 General Del Valle

San Juan, PR 00913

Single Family Home For Sale

New Listing - 6 days on Site

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$105,000

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Villa Prades Julio Andino #617

San Juan, PR 00924

Single Family Home For Sale

New Listing - 6 days on Site

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$8,425,000

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New Listing - 7 days on Site

1 / 42

$495,000

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$439,000

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385 Ave Felisa Gautier #1703

San Juan, PR 00926

Single Family Home For Sale

New Listing - 2 weeks on Site

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$1,100,000

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Single Family Home For Sale

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$130,000

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Fiji 308 Country Club #878 KT-12

San Juan, PR 00924

Single Family Home For Sale

New Listing - 2 weeks on Site

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$1,350,000

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Single Family Home For Sale

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$495,000

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New Listing - 2 weeks on Site

Carr. 1 Bo. Caimito Sector Olvidados, Km.Hm 27.4

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$170,000

Pending Listing

Single Family Home For Sale

Carr. 1 Bo. Caimito Sector Olvidados, Km.Hm 27.4 #KM.HM 27.4

San Juan, PR 00926

Single Family Home For Sale

Single Family Home For Sale

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New Listing - 3 weeks on Site

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$121,000

Pending Listing

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Villa Granada Alameda Street ##929

San Juan, PR 00923

Single Family Home For Sale

New Listing - 4 weeks on Site

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$670,000

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$1,620,000

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Single Family Home For Sale

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$2,395,000

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$379,000

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$1,199,000

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$125,000

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More About San Juan, PR homes for sale

San Juan (Spanish for Saint John) was founded in 1521. The city was the third oldest European-established city in all the Americas (after Santo Domingo and Panama City). Today, Puerto Rico's capital is the thriving home to 342K people, making it the 57th-largest city under the United States jurisdiction.

Beautiful San Juan is just a three-hour flight from several major cities in the U.S. with no passport needed. It offers a seductive tropical vibe, plenty of historic sites, world-class amenities, and friendly hospitality.

Puerto Rico has proven to be a great relocation destination for several demographics, with a relatively affordable cost of living, tropical weather, and a great work/life balance (especially for digital nomads and entrepreneurs).

Whether you're looking for suburban family homes for sale near San Juan amenities and great private schools or considering a chic, Colonial-style dwelling to live, play, and work remotely solo or with roommates, San Juan is waiting for you.

Shopping for homes for sale in San Juan? Houses of all sizes are available, from quaint Spanish-style buildings in Old San Juan to sprawling estates of Contemporary-design steps from green spaces and sparkling beachfront.

San Juan, Puerto Rico, Nearby Cities

17 kilometers to Guaynabo, PR
18 kilometers to Bayamón, PR
22 kilometers to Carolina, PR
25 kilometers to Trujillo Alto, PR
30 kilometers to Toa Baja, PR
32 kilometers to Dorado, PR
33 kilometers to Caguas, PR
97 kilometers to Arecibo, PR

Real Estate Market In San Juan, PR

The Puerto Rico real estate market has experienced its ups and downs due to economic difficulties, natural disasters, and, most recently, the coronavirus pandemic. However, a local real estate agent said the island had overcome the challenges. Today, Puerto Rico is "a seller's market, with low inventory available for primary home buyers."

As a result, the homes for sale in San Juan, the country's most sought-after and high-value market, are going for record prices as the housing market soars to new heights. The median listing price for homes in San Juan is $420K, and the median listing home price per square foot is $314.

The Caribbean city has been in high demand for vacation homes lately, mostly due to its growing tourism sector and advantageous tax breaks for U.S. citizens. Investors are also seeing great opportunities in San Juan. "The short-rental market has boomed very strongly on the island, and not only in the coastal areas but also in the suburbs and the countryside," noted the local agent.

San Juan, PR Homes For Sale

With so much interest from buyers and investors, San Juan homes for sale are an attractive option for homeownership for those seeking a dreamy Caribbean-style existence with American conveniences and reduced tax rates. As a result, developers have taken notice and started building up the area with luxury single-family homes for sale that appeal to high-end buyers.

Even with the rising interest rates, the high-end sector of the real estate market, composed primarily of properties valued at or above $500K, has remained unfazed.

While the San Juan real estate market is dynamic and competitive, it's worth noting that homes are often priced significantly lower than in some cities in the U.S., offering savings that can further add to the appeal of living in this tropical paradise.

If you're shopping for homes for sale in San Juan, Puerto Rico, the city comprises 18 districts with several neighborhoods. Some safest, sought-after areas include Condado, Old San Juan, Santurce, Quebrada Arenas, Hato Rey, and Universidad. Regarding home styles, you can find anything from Spanish-style villas to eight-bedroom estates steps from the ocean in San Juan.

Neighborhoods In San Juan, PR

Old San Juan

Boricuas proudly holds this iconic and beloved residential district close to its heart. El Viejo San Juan, in Spanish, offers a blend of edifications dating from the 16th century, picturesque plazas, and updated homes for sale that retain their old-world charm while providing all the modern comforts.

Old San Juan has cobblestone streets, great amenities, a distinct atmosphere, and many activities and events throughout the year. Aside from being a terrific residential spot for young professionals and couples, the homes for sale in Old San Juan make Investing here a lucrative decision for its heritage, culture, and beauty that attracts tourists. Homes in Old San Juan, PR, boast a median listing price of $1.2M.

Condado

Condado, a picturesque seaside community in San Juan, has gained local and foreign attention among dwellers with its exclusive selection of luxury hotels, dining establishments, beachfront clubs, and the alluring array of designer stores. Condado is a hub of activity, and the abundance of attractions within the area makes it effortless to explore on foot.

While this area is mainly known for the San Juan condos for sale, homes for sale in Condado are plentiful and diverse. A neighborhood of great desirability, the median home value in Condado reaches a lofty $1.1M. Homebuyers can choose from single-family homes in areas like Ocean Park and Las Marías.

Guaynabo

Guaynabo is a suburban municipality of San Juan located south of the capital, providing affordability to homebuyers. Living in Guaynabo can be ideal for families and professionals seeking laid-back comfort with big city life just at arm's reach. Homes for sale in Guaynabo are listed at a median price of $450K.

This area has a great sense of community, and locals live close to several green spaces, parks, and trails for outdoor recreation. Cultural attractions are part of Guaynabo's attraction, so relocation to this area involves being close to several museums, art galleries, and historical sites. There are also convenient public transportation options for easy commuting.

Santurce

Santurce comprises the northern portion of Puerto Rico's capital, and its colorful streets provide residents with ample opportunities to admire street art, explore beachside communities, and shop local boutiques. This area is among the hippest in San Juan, defined by visitors and locals as eclectic, walkable, and iconic.

The high-rise condos lure many homebuyers here, but the homes for sale in Santurce are true gems. They provide easy access to all the downtown offerings with a taste of Caribbean-style living. Ready to purchase homes for sale in Santurce? You should be willing to buy at the median price of $895K.

San Juan, PR Schools

When it comes to educational opportunities, San Juan sets the bar high. It boasts an array of top-notch schools that are easily accessible and exceed expectations compared to other cities in Puerto Rico. Guided by the Puerto Rico Department of Education and modeled after American institutions, public schools in Puerto Rico offer quality education. According to publicschoolreview.com, there are 83 public schools serving 24.4K students in San Juan. While classes are conducted in Spanish, students simultaneously develop their proficiency in English as a second language.

The K-12 learning system in San Juan is split into elementary, middle, and high school. The public high schools do not provide college-ready or vocational programs - they are largely limited to the basics. This is why private secondary schools are flourishing in San Juan. When searching for homes for sale in San Juan, here are some of the highest-rated schools in the area:

Pre-Kindergarten Institutions In San Juan, Puerto Rico

Pre-K Abraham Lincoln
Pre-K Luis Munoz Rivera
Pre-K Victor Pares Collazo

Elementary & Middle Schools In San Juan, Puerto Rico

Escuela Amalia Marin Senior
Escuela Juanita Garcia Peraza
Escuela Julian Blanco Ballet
Escuela Sotero Figueroa
Escuela Central Artes Visuales (magnet)
Escuela Rafael Hernandez Marin

High Schools In San Juan, Puerto Rico

Escuela Ramon Power And Giralt
Escuela Juan Antonio Corretjer
Escuela Superior University Gardens (Specialized in Science and Mathematics)

Higher education institutions like colleges and universities are high quality and widely available in San Juan. Some of the top institutions are:

The Polytechnic University of Puerto Rico
The Universidad del Sagrado Corazón
The University of Puerto Rico's Medical Sciences Campus
The University of Puerto Rico Río Piedras Campus

Frequently Asked Questions About San Juan, PR homes for sale

What Is The Zip Code For San Juan, Puerto Rico?

San Juan homes for sale are organized in 36 different zip codes. Some of the most popular ones are: 00901, 00907, 00911, 00913, 00924, and 00926.

Where Is The Nearest Commercial Airport In San Juan, Puerto Rico?

One of the critical considerations for potential foreigner homebuyers when looking at homes for sale in San Juan is the proximity to the city's major commercial airport. The nearest commercial airport to San Juan is Luis Muñoz Marin International Airport (S.J.U.), located just eight miles (14 kilometers) outside the city center, that's approximately a 20-minute drive.

Luis Munoz Marin Airport handles domestic and international flights worldwide, making it an essential hub for business and leisure travelers. With easy access to this airport, whether through public transport or private vehicles, living in San Juan can be ideal for anyone wanting a convenient way to travel.

Is Puerto Rico Part Of The U.S.?

Although Puerto Rico is not an autonomous nation, it still holds a unique status as an unincorporated territory of the United States. While it isn't officially recognized as a state, its citizens are U.S. citizens, can vote in presidential primaries, and are granted certain rights and protections under U.S. law. Consequently, Puerto Rico is neither a part of the United States (technically) nor entirely independent from it.

Is It Expensive To Buy A House For Sale In Puerto Rico?

Homes for sale in San Juan, PR, can range from being very affordable (under $70K) to priced in the multi-millions; it all depends on the location, the size, and the amenities of the property and the area where it is situated. Another factor affecting the price is how close the home is to the ocean.

The midpoint listing price for a home in San Juan, Puerto Rico, is currently $420K. Ocean Park, Parque, Miramar, and Condado are popular neighborhoods where stunning oceanfront estate homes are selling for well into seven figures.

On the flip side, plenty of budget options fill the city's outskirts – villas near smaller towns with reasonable prices that appeal to first-time home buyers and foreign investors alike. With some research and diligence, finding your dream home at an affordable price in San Juan, Puerto Rico, is possible.

As An American, Can I Get A Loan To Buy A Home For Sale In Puerto Rico?

It is not hard to obtain financing to purchase a property in Puerto Rico, whether it is a condo for sale in Bayamon or a home for sale in San Juan you’re after. Puerto Rican lending companies will offer you access to financing upon completing a prequalification or preapproval process. The process is similar to securing a loan in the United States.

As a U.S. territory, Puerto Rico benefits from Fannie Mae Loans, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, Rural Development Loans, etc. Financial institutions will decide whether to offer credit based on the purpose of your proposed property acquisition.

Depending on the purpose of your new property, you will be eligible for between a 75% to a 100% loan - whether it's intended as a primary residence, second home or vacation retreat, or an investment.

Do Homeowners Pay Property Taxes In Puerto Rico?

Every year, the homes for sale in San Juan are liable for a property tax. The Municipal Collection Revenue Center (CRIM) is the government body responsible for collecting property taxes in the island.

Computing taxes from one's property is based on values that have been unchanged since 1957-1958, the last time a governmental appraisal had been conducted. Depending on the location of your property, you can expect to pay taxes ranging from 8.03% to 11.83%.

CRIM places all the property taxes it collects into a trust fund at the Government Development Bank for Puerto Rico.

Do You Pay Taxes In Puerto Rico?

For those who meet the requirements, Puerto Rico's Act 60 of 2019 offers a superb opportunity to benefit from 0% income tax on capital gains sourced in Puerto Rico as well as passive revenues like dividends and interest.

Despite where you call "home," if you are an American citizen or green card holder and move to Puerto Rico, the US government will still impose taxes on your total income, no matter which country it is generated in. Fortunately, according to the Internal Revenue Code (I.R.C.) section 933, bona fide residents of Puerto Rico can avoid taxation on any income generated from within the territory when calculating their U.S.-based taxable income.

Why Is Moving To San Juan, Puerto Rico, Good For Taxes?

Attracting business owners and investors for years, Puerto Rico is well-known for its tax incentives. Popular U.S.-based programs are Act 20, which states that businesses moving to Puerto Rico enjoy a corporate tax rate of 4% and qualify for a complete exemption on distributions from earnings and profits. There's also Act 22 that entices affluent people with the promise of no taxes on profits made from dividends, interest, and capital gains while they live in Puerto Rico.

Do I Need An Agent To Purchase A Property In San Juan, Puerto Rico?

When purchasing real estate in San Juan, Puerto Rico, having a certified and bilingual agent with extensive experience is essential. Consider that conditions and details may vary depending on where you're buying property, so pick an agent with expertise in your area of interest.

Before making a real estate purchase, research the local market, compare different homes for sale prices, and investigate any potential additional fees such as security deposits, maintenance costs, or insurance premiums. Doing so will help you make an informed decision and secure the best deal possible.

Taking that extra step to ensure the best outcome is always worth it. Hire a home inspector and make time for an in-person visit to that attractive condo you're eyeing in Old San Juan before committing to purchase.

Living In San Juan, PR

Cost Of Living in San Juan, Puerto Rico

The estimated monthly costs of a family of four living in San Juan is expected to be $3,591, not counting rent or a mortgage, according to Numbeo. The city is considered 10.5% less expensive than Miami, FL.

The homes for sale in San Juan and the utilities are among the most expensive costs in the city, while healthcare, groceries, and transportation will be less of a burden on the resident's budget. According to the U.S. Census, the median household income in Puerto Rico is $24,751.

San Juan, PR Weather

Homes for sale in San Juan, Puerto Rico, will come with a lifetime of amazing weather. San Juan experiences a lush and vibrant tropical monsoon climate, where temperatures typically hover around 81°F (27°C). Located on the island's northeast coast, San Juan has warm and pleasant temperatures year-round.

On average, temperatures of 90°F or higher can be observed 79 days a year, particularly during the summer season when precipitation is more frequent. During winter, temperatures can plummet to 60°F (16°C). The average winter temperature for this region typically ranges from 71°F (22°C).

In San Juan, precipitation is spread consistently across the year. If you're looking for sunshine and dry weather, January, February, and March are your months. The average rainfall in March is merely 1.95 inches (49.5 mm). On average, rain accumulates to 56.35 inches (1,431.3 mm) in a year, over 198 days of precipitation.

San Juan, PR Healthcare

San Juan offers an expansive array of hospital and preventive care health services to ensure the well-being of its residents. With a well-funded public health system, San Juan residents can access advanced medical care - something that isn't always guaranteed in other parts of the Caribbean.

Additionally, many private medical facilities offer alternative options for those who can pay, including specialized doctors and care programs. Furthermore, San Juan has plenty of healthcare services beyond just hospitals, such as support for elderly citizens, youth services, and mental health providers. Top healthcare providers in the area include:

Hospital Panamericano de San Juan
Saint George Children’s Hospital
San Juan Health Centre
Hospital Pavía - Santurce
Doctors’ Center Hospital
Hospital Auxilio Mutuo
Hospital Metropolitano
Hospital HIMA San Pablo - Cupey
Hospital Centro Comprensivo de Cáncer UPR
Hospital San Francisco, Río Piedras
Hospital del Maestro
Ashford Presbyterian Hospital
Hospital de Veteranos

Jobs In San Juan, PR

San Juan's economy mainly relies on manufacturing pharmaceuticals, petrochemicals, textiles, and electronics. The service industry is also a key component of the economy, with finance, insurance, real estate, and tourism being some of its most crucial areas.

Although the unemployment rate has seen a slight improvement (according to the Bureau of Labor Statistics, the San Juan-Caguas-Guaynabo area currently has an unemployment rate of 5.2%), it's still an ongoing obstacle. Therefore, it is highly beneficial to have job security before moving to a home in San Juan, whether having secured employment or a remote position.

The pharmaceutical sector is a significant provider of employment opportunities for San Juan residents, and Arecibo and Aguadilla, two towns nearby each other, have initiated a fledgling aerospace industry. Nevertheless, Puerto Rico has faced a long financial hardship, and many inhabitants have relocated to the mainland seeking more favorable prospects. Popular employers in the area include:

Popular, Inc.
Banco Popular de Puerto Rico
ATH Network
First BanCorp
Liberty Puerto Rico
The Cervantes Group
Triple-S Management Corporation
Seaborne Airlines

Transportation In San Juan, PR

San Juan is a pedestrian-friendly city, especially in areas near the beach strip, like Old San Juan Ocean Park and Condado. These areas are also great for bikers and scooter drivers. You can rent a scooter in San Juan using the Skootel App.

However, many citizens prefer owning their car to explore the whole city and the island easily. Taxis and ride-share options like Uber also offer a convenient and practical solution for traveling between amenities and your San Juan home..

Puerto Rico's public transportation system within the San Juan metro area functions adequately. Unfortunately, this efficient commuting option does not extend beyond metropolitan borders. Public transit in San Juan is operated by the Departamento de Transportación y Obras Públicas (DTOP), and the service includes:

Buses run by the Autoridad Metropolitana de Autobuses (AMA).
The light-rail system that is called Tren Urbano.
Public vans named Publicos and also known as Alternativa de Transporte Integrado (ATI).

San Juan is also well-connected by water with two cruise terminals, plus a daily ferry route linking Cataño to Old San Juan. And for those who require traveling beyond Puerto Rico's shores, Luis Muñoz Marín International Airport is only moments away from Old San Juan.