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 | $133,489 | 0.94% | C |
| 3BR | $1,620 | $167,213 | 0.97% | C |
| 4BR | $1,880 | $201,841 | 0.93% | C |
U.S. Census Bureau data (2024)
The ZIP code 78219 in San Antonio, TX, presents a dynamic housing market characterized by a fine balance between supply and demand. The Fair Market Rent (FMR) for ZIP 78219 in fiscal year 2024 is set at $1,310, closely matching the market rent as indicated by Zillow's ZORI index at $1,313. This near parity suggests that the rental market is stable and reflective of the broader housing trends in the area.
A key indicator of market health is the price-cut share, which stands at a minimal 0.2%. This figure implies that very few properties are being discounted, indicating that sellers are confident in their asking prices and that demand is sufficient to support these values without significant concessions. The median home value in ZIP 78219 is $171,204, positioning it as an affordable segment of the San Antonio real estate market.
The 46.1% share of renters in ZIP 78219 is noteworthy. With nearly half of the residents choosing to rent, this signals a persistent demand for rental properties, which could translate into long-term housing pressure. Landlords and small-portfolio investors should anticipate ongoing interest in rental units, making ZIP 78219 a viable market for those looking to invest in real estate with a focus on rentals.
The combination of stable rents, low price-cut shares, and a substantial renter population suggests that demand is robust relative to supply. While the days on market (DOM) data is currently unavailable, the other metrics point towards a market where demand is keeping pace with, if not slightly exceeding, supply. This equilibrium supports steady investment opportunities for landlords and small-portfolio investors who can capitalize on the consistent rental demand and the potential for appreciation in property values over time.
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.