Section 8 Fair Market Rent (FMR) for ZIP 78150 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 78150 is located in Bexar County, Texas, encompassing the area around JBSA Randolph. The data on population, median income, and median home value for ZIP 78150 is currently unavailable due to the small size of the population or the lack of a representative sample in recent surveys.

However, we do know that the Fair Market Rent (FMR) for ZIP 78150 is set at $1450 for fiscal year 2024. This figure is critical for understanding the rental economics within the area, especially for Section 8 investors. While specific data on market rents is not available, the FMR serves as a benchmark for affordable housing standards.

Given the nature of ZIP 78150, it appears well-suited for hands-off voucher operators rather than hands-on value-add buyers. The presence of military installations suggests a stable tenant base, which can be attractive for passive income strategies. Investors looking to manage properties actively might find the small population and limited data challenging for identifying opportunities for significant property improvements or renovations.

To conclude, ZIP 78150 offers a niche investment opportunity for those interested in the stable rental market dynamics associated with military communities. With the FMR serving as a reliable guide for rental pricing, hands-off operators can benefit from the consistent demand for affordable housing without needing extensive local market knowledge or active property management.

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.