Location: San Antonio-New Braunfels, 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 | $1,060 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,800 | $226,194 | 0.8% | D |
| 4BR | $2,090 | $257,255 | 0.81% | C |
U.S. Census Bureau data (2024)
The analysis of ZIP code 78112 reveals a moderate yield and low stability environment. With a Fair Market Rent (FMR) of $1,370 for the fiscal year 2024, compared to the market rent of $1,319, it suggests a slightly higher potential rental income for landlords. However, the median home value stands at $233,950, which is a significant investment and could indicate a more cautious approach to flipping properties.
The stability of the area is relatively low, evidenced by the fact that only 8.9% of the population are renters. This figure implies a predominantly owner-occupied community, which can lead to lower turnover rates and less fluctuation in rental demand. The average daily days on market (DOM) is not available, which might suggest that property listings are either sold quickly or not tracked as closely in this area. Additionally, the median household income is reported as $54,988, which is below the national average and may affect the ability of residents to afford higher rents.
Given these factors, ZIP 78112 does not fit neatly into a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it represents an area where landlords can expect modest returns on investment, but with the caveat of a less dynamic rental market. The slight premium on FMR over market rent provides some upside potential, yet the low percentage of renters and median income levels suggest that the area is more suited for long-term investments rather than quick flips.
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.