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 | $950 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,880 |
| 5 Bedrooms | $2,181 |
| 6 Bedrooms | $2,443 |
| 7 Bedrooms | $2,638 |
| 8 Bedrooms | $2,770 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,250 | $139,515 | 0.9% | C |
| 3BR | $1,620 | $175,116 | 0.93% | C |
| 4BR | $1,880 | $215,784 | 0.87% | C |
| 5BR | $2,181 | $294,577 | 0.74% | D |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $1180 for ZIP code 78210 in San Antonio, TX, landlords can expect to receive this amount per unit under the Section 8 program for fiscal year 2024. The actual market rent, known as ZORI, stands at $1,374, indicating that properties in this area could potentially fetch higher rents outside of the voucher program. The median home value in the area is $160,977, which provides a benchmark for property values. Renter share is 39.2%, showing a significant portion of the population relies on rental housing, which is good news for landlords. Median income in the area is $55,028, suggesting that while there is a demand for rentals, it is also an indicator of the financial capacity of potential tenants. The Days on Market (DOM) average is 97 days, which means that properties typically take about three months to be rented out, an important consideration for cash flow management. Lastly, the price-cut share is 0.3%, implying that very few landlords need to reduce their asking price to attract tenants.
The combination of these factors points to a stable rental market in ZIP 78210. While the median income is relatively low, the FMR set by HUD ensures that landlords receive a reasonable rent through the Section 8 program. The market rent being higher than the FMR suggests that there is flexibility for landlords to negotiate rents above the voucher rate, especially with tenants who might have additional income sources. The low price-cut share indicates that the rental rates are generally aligned with tenant expectations, reducing the likelihood of needing to lower prices to secure tenants.
Given the 39.2% renter share and the stability of the market, participating in the Section 8 program can be a reliable source of income for landlords. The median home value and market rent provide context that the area is affordable, making it attractive for low-income families who often utilize the Section 8 vouchers. The 97-day DOM suggests a moderate time to rent, which is manageable for most landlords. In conclusion, ZIP 78210 presents a viable opportunity for landlords interested in the Section 8 program, with a strong balance between demand and supply. Verdict: Acceptable for Section 8 participation.
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.