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 code 78293, located within the San Antonio-New Braunfels, TX HUD Metro FMR Area, has a Fair Market Rent (FMR) of $1450 for fiscal year 2024. This figure is critical for landlords and small-portfolio investors as it sets the baseline for rental pricing in federally assisted housing programs.
To contextualize the FMR of $1450, we must consider the broader metrics of the San Antonio-New Braunfels, TX HUD Metro FMR Area. The area typically exhibits a range of FMRs, reflecting the diverse economic conditions across its ZIP codes. However, specific comparative data for market rents, home values, and renter shares for the entire metro area is not provided here. Therefore, we can only make limited inferences based on the available information.
The absence of market rent and home value data for ZIP 78293 suggests that this area might be less developed or have fewer residential transactions recorded compared to other parts of the metro. This could indicate a niche market, possibly underserved or with unique characteristics that make direct comparisons challenging.
The lack of a percentage for renter share also means we cannot determine if there's a significant concentration of renters who might benefit from or require Section 8 assistance. In other areas, a high renter share coupled with below-average home values often signals a favorable environment for Section 8 properties, but without these specific figures for ZIP 78293, such an inference remains speculative.
Given the FMR of $1450, if this is below the average FMR for the San Antonio-New Braunfels metro, it could suggest that ZIP 78293 is a value pocket, offering affordable housing options for both landlords and tenants. Landlords might find it advantageous to invest in this area due to lower competition and potentially higher demand for subsidized housing units.
However, if the FMR of $1450 aligns closely with the metro-wide averages, then ZIP 78293 would likely be considered a mid-tier neighborhood, neither particularly expensive nor especially affordable. This scenario would imply a balanced investment opportunity, suitable for those looking to enter the rental market at a moderate risk level.
In conclusion, while the specific data points for ZIP 78293 provide insight into its affordability through the FMR, the missing market rent, home value, and renter share percentages limit our ability to fully categorize it within the broader San Antonio-New Braunfels, TX HUD Metro FMR Area context. Nonetheless, the FMR alone indicates a potential value pocket, depending on how it compares to the metro-wide 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.