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 | $1,130 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $1,910 |
| 4 Bedrooms | $2,220 |
| 5 Bedrooms | $2,575 |
| 6 Bedrooms | $2,884 |
| 7 Bedrooms | $3,115 |
| 8 Bedrooms | $3,271 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,480 | $248,730 | 0.6% | F |
| 3BR | $1,910 | $428,076 | 0.45% | F |
| 4BR | $2,220 | $551,802 | 0.4% | F |
| 5BR | $2,575 | $726,867 | 0.35% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 78248 in San Antonio, Texas, for fiscal year 2024 is set at $1700. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the actual rent you will receive; rather, it is the benchmark used by the Housing Choice Voucher Program to determine the highest rent allowable.
In contrast, the Zip Oracle Rental Index (ZORI), which measures average rental prices, stands at $1,222 for the same area. This indicates that the FMR is significantly higher than the typical market rate, potentially offering landlords a better financial outcome when participating in Section 8.
The rental share in this ZIP code is 27.1%, meaning that nearly 27% of residents are renters. This high percentage suggests strong demand for rental properties, especially those that qualify for Section 8 assistance. The acquisition cost for a property in this area is approximately $498,558, reflecting the median home value. This cost should be carefully considered against your expected returns from the Section 8 program.
Before committing to a Section 8 rental, ensure that the property meets all required standards for habitability and safety. These standards are set by HUD and must be met to qualify for the program. Verification of these conditions will prevent costly repairs and disputes later on.
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.