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 | $1,040 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,760 |
| 4 Bedrooms | $2,040 |
| 5 Bedrooms | $2,366 |
| 6 Bedrooms | $2,650 |
| 7 Bedrooms | $2,862 |
| 8 Bedrooms | $3,005 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,360 | $150,443 | 0.9% | C |
| 3BR | $1,760 | $198,634 | 0.89% | C |
| 4BR | $2,040 | $236,191 | 0.86% | C |
| 5BR | $2,366 | $267,802 | 0.88% | C |
U.S. Census Bureau data (2024)
The classification of ZIP code 78222 in San Antonio, TX, reveals a market that offers a balance between yield and stability. With a Fair Market Rent (FMR) of $1,410 for fiscal year 2024, it falls below the market rent of $1,689 but still presents a viable rental opportunity. The median home value stands at $212,355, indicating a moderate investment cost.
On the yield axis, the FMR suggests a slightly lower potential return compared to the market rent. However, the gap between the FMR and the market rent signals an opportunity for landlords to charge slightly above average, enhancing their yield. For instance, if a landlord sets the rent at $1,550, they would be capturing a higher portion of the market rate while still remaining competitive.
Regarding stability, the ZIP code has 28.5% of residents as renters, which is a relatively stable figure. While the number of days on the market (DOM) is not available, the median household income of $66,362 provides insight into the economic health of the area. This income level supports the ability of tenants to pay rent consistently, contributing to long-term stability.
To summarize, ZIP 78222 is positioned as a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The figures indicate a moderate yield with solid tenant income supporting stability. Landlords and small-portfolio investors can expect consistent returns with the potential to slightly outperform the FMR without taking on excessive risk.
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.