Location: San Antonio-New Braunfels, TX | Metro: San Antonio-New Braunfels, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
U.S. Census Bureau data (2024)
25.5% of residents in ZIP code 78883 are renters, indicating a notable demand for rental properties. This demographic trend supports the viability of rental investments in the area. $1180 is the Fair Market Rent (FMR) for ZIP 78883 as of fiscal year 2024, which sets the standard for rental pricing under federal housing programs. Landlords should ensure their rental rates align with this figure to remain competitive and compliant with HUD guidelines.
$40,491 is the median household income in ZIP 78883, suggesting that many residents rely on government assistance for housing. Given the N/A median home value, it's clear that homeownership is not the primary focus for many in this area, further emphasizing the importance of rental properties. The absence of specific data on days on market (DOM) and the percentage of price-cut share indicates stable property values and consistent demand without significant fluctuations in pricing strategies.
Investors considering Section 8 participation must understand that the program provides subsidies to low-income families, ensuring they can afford decent and safe rental housing in the private market. With the FMR set at $1180, landlords can expect to receive this amount as rent for a unit that meets the criteria for the program. The program also covers utilities and maintenance costs, which can be particularly beneficial in areas where rental demand is high and incomes are lower.
The N/A market rent figure highlights a gap in available data, but given the 25.5% renter share and the $1180 FMR, it's reasonable to infer that rental prices in ZIP 78883 are closely aligned with the fair market rate. This alignment suggests that landlords participating in the Section 8 program will find themselves in a favorable position, with rents that are both affordable to tenants and sustainable for landlords.
A final consideration for landlords and small-portfolio investors is the overall economic climate of ZIP 78883. The $40,491 median income indicates a need for affordable housing solutions, making the Section 8 program an attractive option. Despite the lack of detailed data on DOM and price-cut share, the consistent demand for rentals and the alignment of market rates with the FMR suggest stability and predictability in rental income.
Section 8 verdict: ZIP 78883 presents a solid opportunity for landlords and small-portfolio investors due to the high renter share and stable rental market conditions.
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.