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 Fair Market Rent (FMR) for ZIP code 78280 in fiscal year 2024 is set at $1450. This figure represents the payment standard for Section 8 housing vouchers in your area, meaning the government will pay up to this amount toward a tenant's rent. It is important to note that this does not directly dictate the rent you can charge, but rather the maximum subsidy the Housing Choice Voucher program will provide.
In ZIP 78280, the FMR of $1450 is based on the local rental market conditions and is designed to ensure that voucher holders can find suitable housing. While the exact percentage of renters who might qualify for Section 8 vouchers is marked as N/A, it generally indicates there is a significant portion of the population relying on such assistance. This suggests a steady demand for affordable housing units that fall within the voucher limits.
The N/A% of renters relying on Section 8 vouchers points to a high demand for affordable rentals. However, the lack of specific figures makes it difficult to quantify exactly how many potential tenants could be interested in your property. Despite this, the presence of the Section 8 program ensures a reliable source of income, as long as you meet the criteria for participation.
When considering the acquisition cost of a property in ZIP 78280, look at recent sales data and comparable listings to determine a fair price. The median home value is listed as N/A, which implies that you should seek out detailed local real estate reports or consult with a local realtor to get accurate figures on property values and costs.
Before deciding to participate in the Section 8 program with a rental property in ZIP 78280, verify that your property meets the Housing Quality Standards (HQS) required by the program. These standards ensure that the unit is safe, decent, and sanitary for tenants. A thorough inspection by the local housing authority will confirm whether your property qualifies.
In summary, the FMR of $1450 sets the subsidy limit for Section 8 vouchers in ZIP 78280, indicating a strong demand for affordable housing. Ensure your property meets HQS requirements to participate successfully in the program.
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.