Location: Kendall County, TX | Metro: San Antonio-New Braunfels, TX HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,330 |
| 1 Bedroom | $1,380 |
| 2 Bedrooms | $1,730 |
| 3 Bedrooms | $2,330 |
| 4 Bedrooms | $2,590 |
| 5 Bedrooms | $3,004 |
| 6 Bedrooms | $3,364 |
| 7 Bedrooms | $3,633 |
| 8 Bedrooms | $3,815 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,330 | $480,829 | 0.48% | F |
| 4BR | $2,590 | $639,804 | 0.4% | F |
| 5BR | $3,004 | $713,306 | 0.42% | F |
U.S. Census Bureau data (2024)
The ZIP code 78015 stands out due to its unique demographic and economic characteristics. With a population of 24,867 residents, only 6.2% of whom rent their homes, it is predominantly an owner-occupied area. The median income here is notably high at $162,487, indicating a relatively affluent community. This affluence is further reflected in the median home value of $592,465, which is significantly above the national average.
When it comes to Section 8 voucher economics, the data presents a compelling opportunity. The Fair Market Rent (FMR) for ZIP 78015 in fiscal year 2024 is set at $2,190, whereas the Zillow Rent Index (ZORI) indicates a market rate of $1,639. This discrepancy means that landlords accepting Section 8 vouchers can potentially receive higher rents compared to the typical market rates, making it a financially attractive proposition.
The data signature for ZIP 78015 reads as stable. The high median income and home values suggest a strong local economy and a community that is likely to remain financially secure. Additionally, the low rental percentage indicates that the majority of residents own their homes, reducing the likelihood of significant changes in the housing market dynamics. For landlords and small-portfolio investors, this stability combined with the favorable economics of Section 8 vouchers presents a solid investment opportunity.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.