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 HUD Fair Market Rent (FMR) for ZIP code 78284, located within the San Antonio-New Braunfels County area, is set at $1,410 for fiscal year 2026. This figure represents the maximum amount that a Section 8 tenant can be expected to pay in rent, based on the HUD's assessment of the local rental market conditions.
Unfortunately, the specific market rent data for ZIP code 78284 is currently unavailable. However, given the HUD FMR, landlords and small-portfolio investors can expect that voucher tenants will generally cashflow at the FMR level, assuming they manage to find units priced at or below this benchmark. In markets where the average rent exceeds the FMR, landlords might only see marginal cashflow or require premium units to ensure profitability.
The median home value for ZIP code 78284 is also not available, which makes it challenging to derive an exact rent-to-price ratio. This ratio is typically used to gauge the relative affordability of renting versus buying in a particular area. Without the median home value, we cannot provide a precise comparison; however, in general, areas with higher home values tend to have higher rents, which can affect the rent-to-price ratio.
The Days on Market (DOM) and the percentage of homes that undergo price cuts are also not available for this ZIP code. These metrics are crucial for understanding the dynamics between the rental and housing markets. High DOM and significant price cuts could indicate a buyer's market, which might influence the decision-making process of potential renters versus buyers.
The strongest investor angle in ZIP code 78284 appears to be stability. With the HUD FMR providing a consistent baseline for rental income, investors can rely on predictable cash flows from voucher tenants. While appreciation and high cash flow are attractive, the stability offered by Section 8 rentals ensures a steady income stream, which is particularly valuable in volatile markets or uncertain economic times.
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.