About the San Antonio Housing Market
San Antonio has become a hotbed for short-term real estate investing, with more than 34 million visitors annually and growing. People flock there to visit Sea World, the Botanical Gardens, the UNESCO World Heritage Site, The Alamo and more.
San Antonio’s economy is strong in both military and higher-education sectors. Business, financial services and health care also play a major role here—as does tourism due to San Antonio’s unique blend of historical sites and natural landscape.
The San Antonio metro area is growing at an amazing rate, increasing by 20.84% between 2010 and 2021. The growth rate over the last 11 years has been 186% higher than the national population growth rate. Home prices in San Antonio have risen 89% in the last eight years, growing at an average rate of 9.52% per year.
Median Household Income: $66,775
Metro Population: 2.6 Million
11-Year Population Growth: 20.84%
Median Home Price: $331,741
Median Rent Per Month: $1,473 (0.44% rent-to-value ratio)
1-Year Equity Growth: 20%
8-Year Equity Growth : 89%
1-Year Rent Growth: 9%
8-Year Rent Growth (January 2014 – December 2022): 46%
Job Growth: +48,700 CES jobs created over the last year
1-Year Job Growth Rate: 4.52% (17.6% higher than the national average)
Unemployment Rate: 3.6% (2.7% lower than the national average)
Tenant Laws: Landlord-Friendly
What to Like
Low cost of living
Strong job market
Safe & friendly neighborhoods
Beautiful scenery
Great food and medical care
What to Watch Out For
Lack of public transport
humidity
Traffic
Higher crime rate in some areas
– San Antonio is one of the most affordable major cities in the United States, with a low cost of living that is attractive to many people.
– The city has invested heavily in its infrastructure, including its transportation system, which has helped to support economic growth and development.
– Major employers in the San Antonio region include Lackland Air Force Base, Fort Sam Houston-U.S. Army Base, H-E-B, USAA, Methodist Healthcare System, City of San Antonio and Bill Miller BBQ. San Antonio is a major economic hub, with a diverse range of industries represented in the city. This means that there are a lot of job opportunities available in San Antonio, and the unemployment rate is relatively low.
– The average home price in San Antonio is $331,741, which is 3.36% lower than the national average. The average monthly rent is $1,473, which is also lower than the national average.
– San Antonio is strategically located in the center of Texas, with easy access to other major cities in the state and to Mexico.
Population growth
San Antonio’s population grew at an astonishing rate of 20.84% between 2010 and 2021, more than double the growth rate of the US. The city has a strong economy, with a low unemployment rate and a growing number of jobs in the tech, healthcare, and manufacturing sectors. San Antonio is also a relatively affordable city to live in, with a cost of living that is lower than many other major cities in the United States.
Strong job growth
According to the Federal Reserve Bank of St. Louis, the GDP of the San Antonio-New Braunfels metropolitan area is over $132.1 billion and has grown by more than 58% since 2010. The city is experiencing strong job growth, which is expected to continue into the future. From October 2021 to October 2022, San Antonio experienced an increase of 48,700 new jobs at a growth rate of 4.52% YOY.
Steady home price appreciation
Home prices in San Antonio have climbed by 89% over the last eight years, increasing at an annual rate of 9.52%. With such a good rate of appreciation, it’s no wonder that many people are looking for ways to invest in the San Antonio real estate market. San Antonio’s home sales are anticipated to rise 2.5% in 2023, with average prices increasing by 4.6%.
Purchasing Property in San Antonio
From 2014 to 2022, the median rent in San Antonio increased by 45.7%. Over the past 8 years, rent has been increasing by 5.52% per year on average.
The job market in San Antonio grew at a rate of 4.52% YOY between October 2021 and October 2022, adding 48,700 new jobs to the economy. This was 17.6% greater than the national average. San Antonio has seen strong job growth in recent years, thanks to a number of factors, including the expansion of the tech industry and the growth of the military-related economy. This has attracted new residents who are looking for work.
The ten neighborhoods in San Antonio where home values have risen the most since 2000 are Dignowity Hill, Downtown South, Villa Coronado, Lavaca, Roosevelt Park North, Thompson Community West, King William, Downtown, Monticello Park and Beacon Hill.
San Antonio, Texas
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