Location: San Antonio-New Braunfels, TX | Metro: San Antonio-New Braunfels, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
The analysis of ZIP code 78143 within the San Antonio-New Braunfels, TX HUD Metro FMR area reveals several key points for landlords and small-portfolio investors.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for ZIP 78143 in fiscal year 2024 is set at $1180. However, without specific market rent data for comparison, it's challenging to definitively state if the rent math works. Landlords should aim to align their rental rates closely with the FMR to ensure they are competitive and meet the needs of potential tenants.
Regarding the affordability of acquisitions, the lack of detailed information on median home values, days on market (DOM), and the percentage of homes that have undergone price reductions complicates a precise assessment. Investors would need to conduct further research to determine if the acquisition costs in this area are aligned with their financial goals and risk tolerance.
Tenant demand is another critical factor. With the population and the percentage of renters not specified, it's difficult to quantify the exact demand for rental properties. Nonetheless, given San Antonio-New Braunfels' status as a growing metropolitan area, it's reasonable to infer a steady demand for rental housing.
Verdict: ZIP 78143 presents an opportunity for landlords and small-portfolio investors, particularly with the defined Fair Market Rent at $1180. However, due to the absence of specific market data, thorough local research is necessary to confirm the viability of rental pricing, the affordability of property acquisitions, and the strength of tenant demand. This zip code requires careful consideration but holds promise within the broader context of the San Antonio-New Braunfels metro area.
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.