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Bexar County/San Antonio/78205

78205

ZIPSAFMR
Bexar County, TX
Zillow

ZIP Investment Score

66Below average

095130300
BRFMR
Eff. Rent
0 BR$1,110$1,220
1 BR$1,200$1,320
2 BR$1,450$1,600
3 BR$1,880$2,070
4 BR$2,180$2,400
5 BR$2,507Not available
6 BR$2,883Not available
7 BR$3,316Not available
8 BR$3,813Not available

Purchase Price Calculator

Maximum purchase price
$175,843

Cost breakdown

+Likely effective rent$1,600
HUD FMR$1,450
Market rent$1,890
Est. payment standard (110%)Used$1,600
-Principal and interest-$889
Loan amount$140,674
Down payment$35,169
Rate6.50%
Term30 years
-Operating costs-$511
Property taxes-$176
Insurance-$175
Utilities$0
HOA$0
Management-$160
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,761(73.2% ROI)
Projected value
$189,364
Return breakdown
Property appreciation+$13,521
Loan principal paid down+$5,040
Rental cash flow+$7,200
5-year hold
+$44,095(125.4% ROI)
Projected value
$198,950
Return breakdown
Property appreciation+$23,107
Loan principal paid down+$8,988
Rental cash flow+$12,000
10-year hold
+$94,667(269.2% ROI)
Projected value
$225,094
Return breakdown
Property appreciation+$49,251
Loan principal paid down+$21,416
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.85
1 BR
0.73
2 BR
0.77
3 BR
0.84
4 BR
0.82
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 78205 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78205 (San Antonio, TX) is $1,450 a month. That is down 1.4% from $1,470 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, 78205 has the 42nd-highest two-bedroom rent (county range $1,020–$2,160). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78205 is 31% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 78205
BedroomsFY 2027Change90–110% range
Studio$1,1100.0%$999–$1,221
1BR$1,200−0.8%$1,080–$1,320
2BR$1,450−1.4%$1,305–$1,595
3BR$1,880−0.5%$1,692–$2,068
4BR$2,180−0.9%$1,962–$2,398

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 78205
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,110$1,200$1,450$1,880$2,180
FY 2026$1,110$1,210$1,470$1,890$2,200
FY 2025$1,140$1,260$1,530$1,940$2,290
FY 2024$1,050$1,180$1,440$1,820$2,180
FY 2023$820$950$1,150$1,460$1,780

Two-bedroom rent in nearby Bexar County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 78205
78201$1,290−11.0%
78202$1,410−2.8%
78203$1,140−21.4%
78204$1,600+10.3%
78205Current$1,450—
78206$1,430−1.4%
78207$1,070−26.2%
78208$1,020−29.7%
78209$1,620+11.7%
78210$1,250−13.8%
78211$1,170−19.3%
78212$1,430−1.4%

Questions about ZIP 78205 rents

How much will Section 8 pay for a two-bedroom in ZIP 78205?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,450, that basic range is $1,305 to $1,595 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 78205 in?

ZIP 78205 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 78205 for FY 2027?

The two-bedroom FMR fell 1.4%, from $1,470 in FY 2026 to $1,450 in FY 2027. Since FY 2023 it has risen 26.1%.

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