Section 8 Fair Market Rent (FMR) for ZIP 78243 - 2027
Location: San Antonio-New Braunfels, TX | Metro: San Antonio-New Braunfels, TX HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,150 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,510 |
| 3 Bedrooms | $1,960 |
| 4 Bedrooms | $2,270 |
| 5 Bedrooms | $2,633 |
| 6 Bedrooms | $2,949 |
| 7 Bedrooms | $3,185 |
| 8 Bedrooms | $3,344 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if a landlord should invest in ZIP code 78243 for Section 8 properties, follow this decision tree:
- Does FMR $1520 (zip FY 2024) clear debt service on a property?
- If Yes: Proceed to the next question.
- If No: Do not invest in this ZIP code as the Fair Market Rent (FMR) does not cover the cost of owning a property here.
- Is market rent above, at, or below FMR?
- If Above: The market is strong, but the potential for Section 8 tenants is limited due to higher rents. It depends on the landlord's goals and whether they prefer market-rate tenants or are willing to accept lower rents from Section 8.
- If At: The market rent matches the FMR, making Section 8 a viable option for covering costs and maintaining cash flow.
- If Below: Section 8 can help fill vacancies and stabilize income, especially if the landlord owns properties with lower-than-average rental rates.
- Are renters' demand and days on market (DOM) sufficient?
- If Yes: With adequate demand and a reasonable DOM, the investment in ZIP 78243 for Section 8 properties is justified. The demand suggests that there are enough tenants interested in renting, and the DOM indicates how quickly units can be filled.
- If No: Insufficient demand or high DOM means that finding Section 8 tenants might be challenging. This ZIP code is not recommended for Section 8 investments.
The key is to ensure that the Fair Market Rent of $1520 can cover the debt service and operational costs of the property. Additionally, the relationship between market rent and FMR will influence the type of tenants you attract. Finally, the strength of demand among renters and the time it takes to fill vacancies must be considered. If all conditions align favorably, then investing in ZIP 78243 for Section 8 properties is a sound strategy.
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.