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 | $890 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,170 | $108,708 | 1.08% | B |
| 3BR | $1,510 | $142,252 | 1.06% | B |
| 4BR | $1,760 | $189,518 | 0.93% | C |
U.S. Census Bureau data (2024)
The real estate market in ZIP 78211, San Antonio, TX, is characterized by a median home value of $130,509. This figure indicates a relatively affordable market, which is attractive for first-time buyers and investors looking to capitalize on low entry costs. The fact that only 0.3% of listings have been reduced suggests strong seller pricing power. Homeowners are holding firm on their asking prices, implying a resilient demand environment where buyers are willing to meet sellers' terms.
The median days on market (DOM) being listed as N/A could indicate either a very active market with homes selling quickly, or a less active market with fewer transactions. In the context of low listing reductions, it leans towards a scenario where homes sell swiftly once listed, further reinforcing the idea of robust demand. This dynamic supports the notion that landlords and small-portfolio investors can maintain or slightly increase their rental rates without fear of significant vacancy increases.
Turning to the rental side, the Fair Market Rent (FMR) for ZIP 78211 in fiscal year 2024 is projected at $1,230, while the current market rent, as measured by ZORI, stands at $1,279. This slight premium of $49 above the FMR suggests that the rental market is currently performing marginally better than the government's benchmark. However, the narrow gap also indicates limited room for substantial rent hikes, as the market may be approaching equilibrium.
For long-term investors, the setup in ZIP 78211 implies a moderate appreciation thesis. With an affordable median home value and a resilient demand environment, there is potential for gradual price increases. However, the limited margin between FMR and ZORI suggests that rapid appreciation is unlikely. Instead, investors should anticipate steady growth, driven by consistent demand and manageable inflationary pressures.
A summary of the key points:
This analysis provides a clear picture of the current and near-future market conditions in ZIP 78211, guiding landlords and small-portfolio investors toward informed decisions about pricing and investment strategies.
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.