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 | $920 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,570 | $317,698 | 0.49% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 78160 reveals a market that falls into the category of steady-cashflow zone, given the specific figures provided. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1,190, which is significantly higher than the market rent of $1,023. This indicates a strong potential for rental income that exceeds typical market rates, making it attractive for landlords and small-portfolio investors looking for above-average yields.
The median home value of $347,869 suggests a middle-tier housing market, neither extremely expensive nor low-value. Coupled with an average renter income of $64,800, the area demonstrates a level of financial stability among its residents. While the percentage of renters at 17.3% is relatively low, this figure still supports a consistent demand for rental properties, ensuring steady cash flow for investors.
The lack of data on days on market (DOM) could imply either a balanced market or a lack of recent turnover in rentals, which typically does not affect long-term investment strategies. However, it is worth noting that the low percentage of renters might slightly reduce the overall stability, as it implies a smaller pool of potential tenants compared to areas with higher rental populations.
In conclusion, ZIP 78160 offers a good balance between yield and stability. The FMR exceeding the market rent by $167 per month provides a solid basis for achieving higher rental returns. Additionally, the average income of $64,800 supports the ability of residents to pay the higher rents, ensuring a stable source of cash flow. Although the rental population is lower at 17.3%, the combination of these factors leans towards a steady-cashflow zone rather than a high-yield/low-stability flip-style market.
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.