The story of this market
The typical home in ZIP 00720 sells for about $125,000, or $115 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 145 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $504 a month.
ZIP 00720 — Orocovis
The housing market in 00720 is a slow-moving, rural market characterized by low price points and limited inventory. Market conditions remain stable with little speculative activity, driven primarily by local demand and the challenges of the mountainous geography. No significant new development pipeline is currently impacting the area.
This ZIP is best suited for local residents, retirees, or those seeking a quiet, rural mountain lifestyle, as it lacks the infrastructure and proximity required by most commuters or investors.
Median prices moved up 3.2% year over year.
Homes spend a median of 145 days on market with 11.4 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 94% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.7% · poverty 50.2% — 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 3.1%/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 2.0%/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 00720, Orocovis Municipio, Puerto Rico
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 Orocovis are generally lower than the Puerto Rico urban average, though property crime remains the primary concern for residents.
Public schools in the Orocovis area are managed by the Puerto Rico Department of Education and generally face challenges with resource allocation and infrastructure maintenance.
The area is subject to significant tropical storm and hurricane risks, with mountainous terrain increasing the potential for landslides and flash flooding during heavy rainfall.
Economic momentum is limited, with the local economy primarily driven by agriculture, small-scale retail, and public sector employment.
Property taxes are administered by the Municipal Revenue Collection Center (CRIM); rates are set by the municipality and the Commonwealth, with various exemptions available for primary residences.
Commuting from Orocovis to major employment hubs like San Juan is difficult, often requiring 90+ minutes via winding mountain roads.
The area is known for its natural beauty, including the Toro Verde Adventure Park, local hiking trails, and scenic mountain vistas.
The rental market is characterized by low turnover and limited inventory, with most units being single-family homes or small apartments.
The economy is largely agrarian and service-based, with significant reliance on government employment and tourism-related activities.
Public transit is virtually non-existent; residents rely almost exclusively on private vehicles for transportation.
Development is focused on small-scale residential improvements and tourism-related infrastructure rather than large-scale commercial projects.
The Orocovis Municipio assessment regime is managed through the central CRIM system, which periodically updates property valuations.
Parcels are subject to municipal taxes and standard Commonwealth-level utility and service districts.
Property insurance premiums are high due to the region's vulnerability to hurricane and flood damage.
Puerto Rico has experienced net out-migration, which impacts local population growth in rural areas like Orocovis.
Foreclosures in Puerto Rico are judicial, requiring court intervention, which can lead to lengthy timelines for lenders.
Sellers are required to provide a disclosure statement regarding the condition of the property, including known defects.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major eco-tourism destination featuring one of the world's longest ziplines.
The central hub for local festivals and community gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.