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 | $1,650 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,790 | $500,304 | 0.56% | F |
| 4BR | $3,240 | $449,070 | 0.72% | D |
| 5BR | $3,758 | $692,828 | 0.54% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 78266 in fiscal year 2024 is set at $2,190. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program. It is important to note that this amount is not the rent you can charge your tenants; it is the maximum amount that the government will pay on behalf of eligible low-income families.
To put this into perspective, the average rent in ZIP 78266, according to Census ACS data, is $2,306. This means that the FMR is slightly below the market rate, which could affect your potential income if you decide to participate in the program. However, the FMR does provide a benchmark for the rental value in the area, ensuring that you receive a fair compensation for your property.
In ZIP 78266, approximately 5.7% of the population are renters. This percentage indicates that there is a steady demand for rental properties, making it a viable option for those looking to invest in the housing market. With an estimated acquisition cost of $569,888, purchasing a rental property in this area requires a significant investment, but the demand suggests a reasonable chance of occupancy and income generation.
Before committing to a Section 8 rental property in ZIP 78266, you must verify that the property meets the required standards for habitability and safety. The Housing Quality Standards (HQS) set by the Department of Housing and Urban Development (HUD) must be met to ensure compliance with the program's regulations. This verification process is crucial as it directly impacts your eligibility to receive the FMR payments.
Participating in the Section 8 program can offer stability in rental income, but it also comes with responsibilities to maintain the property and adhere to HQS guidelines. Given the local average rent and the FMR, landlords should carefully consider the financial implications and the need for regular maintenance to keep the property up to standard.
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.