Location: San Antonio-New Braunfels, TX | Metro: San Antonio-New Braunfels, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,190 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $2,150 |
| 5 Bedrooms | $2,494 |
| 6 Bedrooms | $2,793 |
| 7 Bedrooms | $3,016 |
| 8 Bedrooms | $3,167 |
The economics of Section 8 housing in ZIP code 78269, located in the San Antonio-New Braunfels County area, are based on the SAFMR (Zip-Specific Area Fair Market Rent) rates. For a two-bedroom apartment in this ZIP code, the SAFMR for fiscal year 2024 is set at $1450. This rate is specifically tailored to reflect the rental conditions unique to ZIP 78269, ensuring it accurately represents the local housing market.
A landlord participating in the Section 8 program will receive a monthly rental payment from the Housing Authority. This payment is calculated based on the SAFMR and the tenant's ability to pay. Typically, the tenant is required to contribute 30% of their adjusted income towards rent. If the tenant's portion does not cover the full SAFMR amount, the difference is made up by the Housing Authority. However, if the tenant's portion exceeds the SAFMR, the excess is paid directly to the tenant.
In addition to the base rent, the Housing Authority also provides utility allowances. These allowances vary but generally cover a significant portion of the tenant's energy costs, water, and sewer charges. For ZIP 78269, these allowances can range from $200 to $300 per month, depending on the specific circumstances and needs of the tenant.
To illustrate, let's assume a tenant has an adjusted income that requires them to pay $400 towards rent each month. With a SAFMR of $1450, the Housing Authority would cover the remaining $1050. Adding a utility allowance of $250, the total monthly reimbursement to the landlord would be $1300 ($1050 base rent + $250 utilities).
This means that in ZIP 78269, landlords can expect a reimbursement gap for a two-bedroom unit, as the SAFMR is lower than the actual market rent. Since the local market rent is currently unavailable, we cannot provide an exact figure for the surplus or gap. However, given the SAFMR of $1450, landlords should prepare for a potential shortfall compared to typical market rents unless the market rent is below or equal to this figure.
In summary, for ZIP 78269, landlords participating in the Section 8 program can anticipate receiving a reimbursement of around $1300 per month for a two-bedroom unit, assuming standard utility allowances. This amount is fixed at the ZIP code level and will not change based on broader county or metropolitan averages.
Data Sources: FMR data from HUD (2027).
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.