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Bexar County/San Antonio/78229

78229

ZIPSAFMR
Bexar County, TX
Zillow

ZIP Investment Score

82Below average

095130300
BRFMR
Eff. Rent
0 BR$1,150$790
1 BR$1,250$1,140
2 BR$1,510$1,360
3 BR$1,950$1,730
4 BR$2,270$1,980
5 BR$2,611Not available
6 BR$3,002Not available
7 BR$3,452Not available
8 BR$3,970Not available

Purchase Price Calculator

Maximum purchase price
$140,179

Cost breakdown

+Likely effective rent$1,360
HUD FMR$1,510
Market rentUsed$1,360
Est. payment standard (94%)$1,410
-Principal and interest-$709
Loan amount$112,143
Down payment$28,036
Rate6.50%
Term30 years
-Operating costs-$451
Property taxes-$140
Insurance-$175
Utilities$0
HOA$0
Management-$136
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,996(78.5% ROI)
Projected value
$150,957
Return breakdown
Property appreciation+$10,778
Loan principal paid down+$4,018
Rental cash flow+$7,200
5-year hold
+$37,586(134.1% ROI)
Projected value
$158,600
Return breakdown
Property appreciation+$18,421
Loan principal paid down+$7,165
Rental cash flow+$12,000
10-year hold
+$80,334(286.5% ROI)
Projected value
$179,441
Return breakdown
Property appreciation+$39,262
Loan principal paid down+$17,073
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.46
1 BR
1.10
2 BR
1.11
3 BR
1.13
4 BR
1.15
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 78229 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 78229 (San Antonio, TX) is $1,510 a month. That is unchanged from 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, 78229 is tied for the 37th-highest two-bedroom rent (county range $1,020–$2,160). The median county two-bedroom FMR in Texas is $1,105, so ZIP 78229 is 37% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 78229
BedroomsFY 2027Change90–110% range
Studio$1,150+0.9%$1,035–$1,265
1BR$1,2500.0%$1,125–$1,375
2BR$1,5100.0%$1,359–$1,661
3BR$1,950+0.5%$1,755–$2,145
4BR$2,270+0.4%$2,043–$2,497

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 78229
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,150$1,250$1,510$1,950$2,270
FY 2026$1,140$1,250$1,510$1,940$2,260
FY 2025$1,170$1,290$1,570$1,990$2,350
FY 2024$1,120$1,260$1,530$1,940$2,320
FY 2023$980$1,130$1,370$1,740$2,120

Two-bedroom rent in nearby Bexar County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 78229
78223$1,250−17.2%
78224$1,300−13.9%
78225$1,190−21.2%
78226$1,210−19.9%
78227$1,250−17.2%
78228$1,240−17.9%
78229Current$1,510—
78230$1,550+2.6%
78231$1,470−2.6%
78232$1,670+10.6%
78233$1,620+7.3%
78234$2,160+43.0%

Questions about ZIP 78229 rents

How much will Section 8 pay for a two-bedroom in ZIP 78229?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,510, that basic range is $1,359 to $1,661 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 78229 in?

ZIP 78229 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 78229 for FY 2027?

The two-bedroom FMR was unchanged at $1,510 in FY 2027. Since FY 2023 it has risen 10.2%.

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