Location: San Antonio-New Braunfels, TX | Metro: San Antonio-New Braunfels, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $2,150 |
| 5 Bedrooms | $2,494 |
| 6 Bedrooms | $2,793 |
| 7 Bedrooms | $3,016 |
| 8 Bedrooms | $3,167 |
The ZIP code 78206 in Texas is primarily characterized by a significant presence of renters, though exact population and percentage figures are unavailable. This suggests a robust demand for rental properties, likely including those that accept Section 8 vouchers. The absence of specific income data makes it challenging to provide an exact comparison between median household income and market rents, but we can infer that the local rental market is influenced by the availability of affordable housing options.
The Fair Market Rent (FMR) for ZIP 78206 is set at $1450 per month for FY 2024, which serves as a benchmark for understanding the affordability of housing in this area. Without precise figures on median household income, it's difficult to quantify exactly how much of the local income is consumed by rent. However, given the high demand for rentals, it's reasonable to assume that a considerable portion of residents' incomes goes towards paying rent, especially if they rely on Section 8 vouchers to cover part of their housing costs.
In terms of tenant profiles, landlords in ZIP 78206 should anticipate a mix of low-income families and individuals who qualify for Section 8 assistance. These tenants will be seeking stable housing solutions within their budget constraints. It's important for landlords to understand that while Section 8 tenants might offer steady and government-backed rental payments, there are also responsibilities and regulations associated with participating in the program.
To conclude, ZIP 78206 appears to be a rental-heavy zone with a strong likelihood of Section 8 voucher usage. Landlords should prepare for a tenant base that relies heavily on financial assistance for housing, aligning their expectations with the realities of the local rental market and the support provided by the Section 8 program.
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.