Section 8 Fair Market Rent (FMR) for ZIP 78101 - 2027

Location: San Antonio-New Braunfels, TX | Metro: San Antonio-New Braunfels, TX HUD Metro FMR Area

Investment Score for ZIP 78101

F
Monthly Rent (2BR)
$1,030
Median Price (2BR)
$209,144
1% Rule
0.49%
Annual Yield
5.91%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$790
1 Bedroom$850
2 Bedrooms$1,030
3 Bedrooms$1,330
4 Bedrooms$1,550
5 Bedrooms$1,798
6 Bedrooms$2,014
7 Bedrooms$2,175
8 Bedrooms$2,284

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,030 $209,144 0.49% F
3BR $1,330 $385,177 0.35% F
4BR $1,550 $547,891 0.28% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
7,267
Median Household Income
$111,280
Housing Units
2,634
Renter Percentage
8.3%
Occupancy Rate
96.1%
Renter Occupied
209

The Fair Market Rent (FMR) for ZIP code 78101 in Adkins, TX, for fiscal year 2024 is set at $1130. This figure represents the payment standard for Section 8 vouchers in your area, which means that if you participate in the Housing Choice Voucher program, the government will pay up to $1130 per month toward rent for eligible tenants.

Note that this is not the actual rent you would charge; it's the maximum amount the voucher will cover. The actual rent can be negotiated between you and the tenant, but it cannot exceed the FMR unless you apply for a higher rent exception, which is rare and requires justification.

To put this into perspective, the average rent in ZIP 78101, based on recent Census data, is $1132. This indicates that the FMR closely aligns with market rates, ensuring that your rental property remains competitive.

In terms of demand, approximately 8.3% of residents in Adkins, TX, are renters. This suggests a steady demand for rental properties, including those participating in the Section 8 program. However, it also implies that the pool of potential tenants might be smaller compared to areas with a higher percentage of renters.

If you're considering purchasing a new property to become a Section 8 rental, the median home value in ZIP 78101 is around $416,555. This gives you an idea of the acquisition cost for a typical home in the area. Keep in mind that the actual price could vary depending on the condition and size of the property.

Before deciding to take the plunge, one critical factor to verify is the condition of the property. The Housing Quality Standards (HQS) must be met for the property to qualify for Section 8. These standards ensure that the property is safe, decent, and sanitary. Failure to meet these standards can result in disqualification from the program.

To summarize, the FMR of $1130 sets the payment standard for Section 8 vouchers, closely matching the average local rent of $1132. With 8.3% of the population renting, there is a modest but stable demand for rentals. If you plan to acquire a new property, expect to spend around $416,555. Ensure the property meets HQS to avoid any issues with qualification.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.