Location: San Antonio-New Braunfels, TX | Metro: San Antonio-New Braunfels, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
U.S. Census Bureau data (2024)
The rent math in ZIP code 78885 within the San Antonio-New Braunfels, TX HUD Metro FMR area does not provide a clear advantage due to the lack of available market rent data. The Fair Market Rent (FMR) set at $1240 for fiscal year 2024 is the benchmark figure we have; however, without comparative market rent data, it's challenging to determine if this FMR adequately covers operational costs and desired profit margins.
Regarding the affordability of acquisitions, the absence of specific data on median home values, days on market (DOM), and the percentage of homes that experience price cuts makes it difficult to provide a precise analysis. Landlords and small-portfolio investors would benefit from knowing these metrics to assess whether the current housing market offers opportunities for cost-effective property purchases.
Tenant demand in ZIP 78885 is relatively robust. With a population of 23,000 and a 23.1% renter share, there is a significant number of potential tenants who could occupy rental properties. This indicates that landlords can expect a reasonable level of interest in their properties, assuming they meet local standards and preferences.
Verdict: Despite the absence of crucial market data, the presence of a substantial renter share suggests that there is tenant demand in ZIP 78885. However, the viability of rental investments hinges on the actual market rent figures, which are currently unavailable. Until these specifics are known, landlords should proceed cautiously, focusing on areas where FMR aligns closely with market rents to ensure profitability. Additionally, acquiring property in this ZIP code remains uncertain without detailed information on home values and 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.