Location: San Antonio-New Braunfels, TX | Metro: San Antonio-New Braunfels, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,310 |
| 2 Bedrooms | $1,580 |
| 3 Bedrooms | $2,040 |
| 4 Bedrooms | $2,370 |
| 5 Bedrooms | $2,749 |
| 6 Bedrooms | $3,079 |
| 7 Bedrooms | $3,325 |
| 8 Bedrooms | $3,491 |
The ZIP code 78115 in San Antonio, Texas, stands out due to limited available demographic data. The number of residents, percentage of renters, median income, and median home value are not specified, indicating a less detailed data signature compared to other areas.
Despite the lack of comprehensive resident data, the Fair Market Rent (FMR) for ZIP 78115 is set at $1590 for the fiscal year 2024. This figure represents the government's estimate of the maximum amount a Section 8 tenant should pay for rent and utilities. Without a specific market rent figure for comparison, landlords can use the FMR as a guideline to ensure their rental properties remain competitive and attractive to potential tenants who receive housing assistance.
The voucher economics in ZIP 78115 suggest that landlords who accept Section 8 vouchers will be compensated according to the $1590 FMR. This means that the total rent and utility allowance cannot exceed this amount, which is determined annually by the U.S. Department of Housing and Urban Development (HUD).
Given the absence of detailed demographic and market rent data, it is difficult to classify the area as either stable or transitional. However, the presence of Section 8 vouchers indicates a need for affordable housing options, which could imply ongoing efforts to stabilize the local housing market and provide support to low-income families.
To conclude, while the overall data signature for ZIP 78115 lacks specific details about its population and economic status, the FMR provides a clear benchmark for landlords considering participation in the Section 8 program. Accepting vouchers can be a strategic decision for landlords looking to fill vacancies and serve a community that benefits from government assistance in housing.
Data Sources: FMR data from HUD (2027).
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.