Location: San Antonio-New Braunfels, TX | Metro: San Antonio-New Braunfels, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,650 |
| 1 Bedroom | $1,790 |
| 2 Bedrooms | $2,160 |
| 3 Bedrooms | $2,790 |
| 4 Bedrooms | $3,240 |
| 5 Bedrooms | $3,758 |
| 6 Bedrooms | $4,209 |
| 7 Bedrooms | $4,546 |
| 8 Bedrooms | $4,773 |
U.S. Census Bureau data (2024)
ZIP code 78234 is located within the San Antonio-New Braunfels, TX HUD Metro FMR Area. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $2190. To provide context, the market rent for this ZIP code is slightly above the FMR at $2,223. However, the home value data is currently unavailable for ZIP 78234.
The renter share in ZIP 78234 is 100.0%, which is notably higher than the typical ZIP codes within the San Antonio-New Braunfels, TX HUD Metro FMR Area. This indicates that every household in this area rents their residence, making it an attractive location for landlords and investors focused on rental properties.
Comparatively, the FMR and market rent figures suggest that 78234 is neither a value pocket nor a premium sub-market within the broader metro area. Instead, it falls into the category of a mid-tier neighborhood, where rents are close to the fair market rate but not significantly higher or lower.
The high renter share combined with the lack of available home value data suggests that 78234 could be a sweet spot for Section 8 investments. When a ZIP code has a high proportion of renters and limited homeownership, it often aligns well with the demand for affordable housing programs like Section 8. This makes it easier for landlords to find tenants who qualify for the program, ensuring a steady stream of rental income.
To summarize, ZIP 78234 represents a mid-tier neighborhood within the San Antonio-New Braunfels, TX HUD Metro FMR Area. With a Fair Market Rent of $2190 and a market rent of $2,223, the area maintains competitive pricing without being exceptionally high or low. The 100.0% renter share highlights its potential as a strong candidate for Section 8 investment, particularly given the absence of home value data which typically correlates with a lower prevalence of owner-occupied homes.
Data Sources: FMR data from HUD (2027). 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.