Location: San Antonio-New Braunfels, TX | Metro: Austin-Round Rock-San Marcos, TX MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,490 | $349,306 | 0.43% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 78655 hinges upon its financial metrics, particularly focusing on rental yield and market stability. To assess yield, we compare the Federal Market Rent (FMR) of $1370 for the fiscal year 2024 against the average market rent of $1,093. The difference, $277, suggests a premium that landlords can potentially charge, indicating a higher yield compared to the general market.
Additionally, the median home value stands at $332,713, which provides a baseline for property investment costs. Given these figures, landlords can expect a notable return above market rates, making this area favorable for those seeking higher yields.
Regarding stability, the ZIP code shows that 34.7% of residents are renters. This percentage indicates a moderate reliance on rental housing, suggesting a balanced demand. However, the absence of data on days on market (DOM) introduces uncertainty about how quickly properties can be leased or sold. Income levels, with an average of $55,952, provide some insight into the economic conditions; this figure supports the ability of tenants to afford the FMR but does not guarantee long-term stability without further context on job market dynamics and local economy health.
Considering both yield and stability, ZIP 78655 leans towards being a steady-cashflow zone. The higher FMR over market rent ensures consistent income, while the moderate renter population and average income levels support a stable tenant base. However, the lack of DOM data slightly reduces the confidence in predicting quick turnovers or lease signings, which is critical for assessing the overall stability of the market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
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.