Location: Atascosa County, 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 | $1,060 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $2,060 |
| 5 Bedrooms | $2,390 |
| 6 Bedrooms | $2,677 |
| 7 Bedrooms | $2,891 |
| 8 Bedrooms | $3,036 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,390 | $181,996 | 0.76% | D |
| 3BR | $1,800 | $225,601 | 0.8% | D |
| 4BR | $2,060 | $268,626 | 0.77% | D |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 78264 in San Antonio, TX, reveals that the HUD Fair Market Rent (FMR) of $1310 for FY 2024 exceeds the Census ACS reported market rent of $1265. This indicates that voucher tenants can provide positive cash flow for landlords and small-portfolio investors. The HUD FMR offers a buffer of approximately $45 per unit, which is significant for ensuring steady income.
To further analyze the investment potential, consider the median home value in the area, which stands at $219,452. Using the HUD FMR of $1310, we can derive a rent-to-price ratio of about 745:1. This ratio suggests that rental properties in ZIP 78264 offer a reasonable return relative to their purchase price, making them attractive for investors seeking consistent cash flow.
The data does not provide specific information on the median days on market (DOM) or the percentage of price cuts, but these metrics would be useful for understanding the buy-versus-rent dynamics. Given the N/A status for DOM and the 0.2% price cut share, it is likely that the real estate market in this area is stable, with minimal need for price adjustments.
In conclusion, the strongest investor angle in ZIP 78264 is cash flow. Voucher tenants pay above the market rate, ensuring a reliable and positive financial return on investment.
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.