Location: Medina County, TX | Metro: San Antonio-New Braunfels, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,030 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,750 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
U.S. Census Bureau data (2024)
A landlord considering ZIP 78039 for Section 8 investments should follow this decision tree:
Step 1: The Fair Market Rent (FMR) for ZIP 78039 in fiscal year 2024 is set at $910. This figure must be compared against the total debt service of a property valued at $229,974. If the monthly debt service is less than $910, then the answer is yes, the FMR can cover the debt service. If it exceeds $910, the answer is no, and the landlord should look elsewhere.
Step 2: Next, assess whether the market rent is above, at, or below the FMR. In ZIP 78039, the market rent is currently N/A, which means there's insufficient data to make a direct comparison. Without specific market rent figures, the landlord cannot determine if the market supports Section 8 rates. Therefore, it depends on obtaining accurate local rental data to proceed.
Step 3: Evaluate the demand for rental properties. In ZIP 78039, 13.2% of residents are renters. Additionally, the days on market (DOM) for rental listings is N/A, indicating that either there are no recent listings or the data is incomplete. With a known percentage of renters but unknown DOM, the landlord needs to consider the local housing market dynamics. If the DOM is short, say under 30 days, it suggests high demand, making the investment viable. If DOM is long, over 60 days, it implies low demand, making the investment less attractive. Thus, it depends on the actual DOM figures to gauge demand accurately.
In summary, for ZIP 78039, the landlord should first ensure that the FMR of $910 can cover the debt service. Then, they must seek out local market rent data to compare against the FMR. Finally, they need to confirm that the rental market has sufficient demand, which requires knowing the DOM for rental properties. Without complete data, the final decision remains contingent upon these factors.
Data Sources: FMR data from HUD (2027). 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.