Skip to main content
Loading page
Bexar County/San Antonio/78204

78204

ZIPSAFMR
Bexar County, TX
Zillow

ZIP Investment Score

147High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,220$1,090
1 BR$1,330$1,220
2 BR$1,600$1,720
3 BR$2,070$1,980
4 BR$2,400$2,360
5 BR$2,760Not available
6 BR$3,174Not available
7 BR$3,650Not available
8 BR$4,198Not available

Purchase Price Calculator

Maximum purchase price
$193,675

Cost breakdown

+Likely effective rent$1,720
HUD FMR$1,600
Market rent$1,780
Est. payment standard (107%)Used$1,720
-Principal and interest-$979
Loan amount$154,940
Down payment$38,735
Rate6.50%
Term30 years
-Operating costs-$541
Property taxes-$194
Insurance-$175
Utilities$0
HOA$0
Management-$172
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,643(71.4% ROI)
Projected value
$208,567
Return breakdown
Property appreciation+$14,892
Loan principal paid down+$5,551
Rental cash flow+$7,200
5-year hold
+$47,350(122.2% ROI)
Projected value
$219,125
Return breakdown
Property appreciation+$25,450
Loan principal paid down+$9,899
Rental cash flow+$12,000
10-year hold
+$101,833(262.9% ROI)
Projected value
$247,920
Return breakdown
Property appreciation+$54,245
Loan principal paid down+$23,588
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.12
1 BR
1.09
2 BR
0.90
3 BR
1.05
4 BR
1.02
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 78204 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78204 (San Antonio, TX) is $1,600 a month. That is up 1.9% from $1,570 in FY 2026. San Antonio is in the San Antonio-New Braunfels, TX HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 104 ZIP codes in Bexar County, 78204 is tied for the 32nd-highest two-bedroom rent (county range $1,020–$2,160). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78204 is 45% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 78204
BedroomsFY 2027Change90–110% range
Studio$1,220+2.5%$1,098–$1,342
1BR$1,330+2.3%$1,197–$1,463
2BR$1,600+1.9%$1,440–$1,760
3BR$2,070+3.0%$1,863–$2,277
4BR$2,400+2.1%$2,160–$2,640

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 78204
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,220$1,330$1,600$2,070$2,400
FY 2026$1,190$1,300$1,570$2,010$2,350
FY 2025$1,140$1,260$1,530$1,940$2,290
FY 2024$1,020$1,150$1,400$1,770$2,120
FY 2023$830$960$1,160$1,480$1,800

Two-bedroom rent in nearby Bexar County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 78204
78201$1,290−19.4%
78202$1,410−11.9%
78203$1,140−28.7%
78204Current$1,600—
78205$1,450−9.4%
78206$1,430−10.6%
78207$1,070−33.1%
78208$1,020−36.2%
78209$1,620+1.3%
78210$1,250−21.9%
78211$1,170−26.9%
78212$1,430−10.6%

Questions about ZIP 78204 rents

How much will Section 8 pay for a two-bedroom in ZIP 78204?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,600, that basic range is $1,440 to $1,760 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 78204 in?

ZIP 78204 is in the San Antonio-New Braunfels, TX HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 78204 for FY 2027?

The two-bedroom FMR rose 1.9%, from $1,570 in FY 2026 to $1,600 in FY 2027. Since FY 2023 it has risen 37.9%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentSan Antonio, TX fair market rentTX statewide rentsWhat is SAFMR?Data sources