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 ZIP code 78283, located within the San Antonio-New Braunfels, TX HUD Metro FMR Area, is best suited as a cash-flow anchor in a Section 8 portfolio strategy. The Fair Market Rent (FMR) for FY 2024 is set at $1450, which aligns closely with the lower end of the market rental rates observed in this area. While specific market data and median home values were not available, the presence of multiple properties listed on Zillow indicates a diverse housing stock that can cater to various income levels.
A cash-flow anchor ensures steady and reliable income from tenants who are part of the Section 8 program. In ZIP 78283, properties such as the house priced at $79,500 and another at $120,000 offer potential for positive cash flow when rented at or near the FMR of $1450. These properties can serve as foundational investments in a Section 8 portfolio, providing consistent income without the volatility associated with appreciation plays or highly competitive markets.
Landlords and small-portfolio investors should focus on acquiring properties that are well below the FMR threshold to maximize their monthly cash flow. Given the lack of precise appreciation indicators and days on market (DOM), it's prudent to lean towards a strategy that emphasizes stable returns over speculative growth. By anchoring a portion of their portfolio in ZIP 78283, investors can mitigate risks and ensure a solid financial base for their real estate holdings.
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.