Puerto Rico Schools
Housing in San Juan is plentiful. There are residential areas to fit all pocketbooks and tastes. In general, prices are somewhat higher than many parts of the States.
A good three bedroom, two bath home will range in price from $150,000 to $250,000. The land in Puerto Rico is very limited therefore very expensive. Within this price range you can expect about an 1/8 of an acre. When you desire more land, the price naturally goes up. Of course, a lot depends on the neighborhood. With about ¼ of an acre, and four bedrooms, prices average between $250,000 to $475,000 to the cost of a home. Most of our homes are geared to tropical living with beautiful foliage and terraces. There are also excellent townhomes available from $100,000.
Property taxes are usually lower in Puerto Rico than in the States. If you live in your home you are entitled to a $15,000 exemption. As a veteran you may also qualify for an additional $4,000 exemption. Many of our homes that are priced below $100,000 pay almost no property taxes. Some homes of about $150,000 will pay a few hundred dollars a year after the exemption is granted.