Location: San Antonio-New Braunfels, TX | Metro: San Antonio-New Braunfels, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,300 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $2,030 |
| 4 Bedrooms | $2,360 |
| 5 Bedrooms | $2,738 |
| 6 Bedrooms | $3,067 |
| 7 Bedrooms | $3,312 |
| 8 Bedrooms | $3,478 |
U.S. Census Bureau data (2024)
The rent math in ZIP code 78670 does not work favorably for landlords. The Fair Market Rent (FMR) set by HUD for fiscal year 2024 is $1430, whereas the Census ACS reports the market rent at $1225. This discrepancy means that landlords aiming to meet HUD's FMR standards might face challenges in attracting tenants willing to pay the higher rent, especially given the lower market rate.
Acquisition in this area is challenging due to the lack of available data on median home values, days on market (DOM), and the percentage of homes needing price cuts. Without these figures, it's difficult to assess the affordability and liquidity of potential acquisitions, suggesting caution when considering new investments in this ZIP code.
Tenant demand is present but limited. With a population of 130, the area has a relatively small pool of potential renters, with 27.7% of the residents being renters. This indicates that while there is a segment of the population looking for rental housing, the overall demand is constrained by the low population base.
Verdict: The rent math in ZIP 78670 is not favorable for landlords due to the disparity between HUD's FMR and the actual market rent. Acquisition appears unaffordable without concrete data on median home values and market conditions. Tenant demand exists but is limited by the small population size. Landlords should proceed with caution, focusing on areas where data supports both renter demand and profitable investment opportunities.
Data Sources: FMR data from HUD (2027). 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.