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 |
ZIP 78291 in San Antonio, TX represents an established neighborhood with approximately 13,291 residents. This working-class area is characterized by an affordable housing market, with median home values around $176,713 and a median household income of $43,291.
The median rent in ZIP 78291 is $1,202, significantly lower than the Fair Market Rent (FMR) of $1,450 for the fiscal year 2024. This suggests a relatively affordable rental market compared to the government-set FMR, making it attractive for both voucher operators and value-add buyers.
The place fits well for a hands-off voucher operator due to the lower-than-FMR rents and the high percentage of residents who might rely on government assistance. However, for a hands-on value-add buyer, there is potential for improvement in the rental market, given the significant gap between the FMR and current market rents.
Summary: ZIP 78291 offers an opportunity for Section 8 investors due to its lower median rent ($1,202) compared to the FMR ($1,450). It supports a hands-off approach but also presents opportunities for hands-on investors looking to capitalize on the value-add potential.
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.