San Antonio-New Braunfels, TX · Texas

Comal County

ZIP 78623

174,552 residents1,697 permits TTM$99,015 median HHI6 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$398,800

ACS 5-Year

Cap rate proxy

4.3%

FMR × 0.65 ÷ Home Value

Rent-to-income

17.7%

HUD FMR ÷ ACS HHI

Net migration

+4.43%

IRS SOI

Permits (TTM)

1,697

Census BPS

Climate risk

92.7

FEMA NRI (0–100)

ZIP 78623

Median home value

$398,800

Gross yield

4.3%

Buy Box score

0.8

Section 8 gap

-2.7%

Affordability

P/I: 4.8R/I:

Section 8 detail

SAFMR: $1,420Rent: $1,460Gap: -2.7%
ZIP code breakdown6 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
78266$398,800$2,1406.4%0.946.6%
78163$398,800$1,6204.9%0.811.0%
78623$398,800$1,4204.3%0.8-2.7%
78133$398,800$1,3604.1%0.8-6.8%
78070$398,800$1,4404.3%0.4-1.4%
78132$398,800$1,6605.0%0.413.7%

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Demographics

Owner-occupied

76.9%

Census ACS

Vacancy rate

9.2%

Census ACS

Bachelor's degree +

42.2%

Census ACS

Rent burdened

45.8%

Census ACS (>30% income)

Median age

42.0

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026