San Antonio Real Estate Market & Investment Overview
Oklahoma City Real Estate Market & Investment Overview
Let’s take a look at the current state of the San Antonio real estate market. Existing home sales activity is booming in the San Antonio Area. San Antonio home sales increased a whopping 32 percent over September 2019. In total, 3,623 homes were sold, according to the San Antonio Board of REALTORS®.
In October, there were 6,720 active listings, with 3,463 sales and 3,209 pending sales going into November. October home sales showed a 20 percent increase over 2019. Total home sales for San Antonio (city) were up 9% while Bexar County sales surged by nearly 10 percent over 2019. The number of months of housing inventory in San Antonio was only 2.1 months in October, down from 2.3 months in September.
A balanced market is generally considered to be 6 months of supply so we are currently in a seller’s market. Looking at these trends, the San Antonio housing market won’t cool down anytime soon, not even in 2021. There is an extreme shortage of inventory which has accelerated real estate appreciation this year.
The average price of homes sold in October was $309,513, a 13% increase over last year. The median price was $261,200, an 11% increase from 2019. Homes sold in October were on the market an average of 49 days, compared to 58 days in 2019. Hot homes that are move-in ready and priced right are moving quickly in this market.
Bexar County’s increase in home sales showed a 21.9 percent increase (2,547 homes) compared to Travis County’s 19 percent increase (1,600 homes), Harris County’s 27.4 percent increase (4,824 homes), and Dallas County’s 15.4 percent increase (2,003 homes). In all of Texas, 34,644 homes were sold in October, a 24.7% increase from October 2019.
Single-Family Homes
Three and four-bedroom single-family detached are the most common housing units in San Antonio. Overall, single-family homes account for about 62% of housing units in San Antonio. Other types of housing that are prevalent in San Antonio include large apartment complexes, duplexes, rowhouses, and homes converted to apartments.
The demand for single-family homes is very strong. 2,881 single-family homes were sold in October, which represents an increase of 20% over 2019. The median price increased by 11% to $234,400 while the average price jumped by 13% to $274,978.
Since January, 38,655 new listings have been added to the market and 29,279 single-family homes have been sold. Despite the pandemic and economic slowdown, year-to-date sales are 9% higher than in 2019. The year-to-date median price of single-family homes is $248,200, which is 6% higher than last year.
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San Antonio Real Estate Market Forecast 2021 (Updated)
What are the San Antonio real estate market predictions for 2021? Let us look at the price trends recorded by Zillow over the past few years. Since 2012, San Antonio home values have appreciated by nearly 60%, from $125,000 to $200,621. 2020 was the ninth consecutive year of home price gains.
Neighborhoodscout’s data shows that San Antonio real estate appreciated 59.04% over the last ten years, which is an average annual home appreciation rate of 4.75%. This puts San Antonio in the top 20% nationally for real estate appreciation. During the latest twelve months, San Antonio’s appreciation rate was 3.65%.
In the latest quarter, it has been 2.10%, which annualizes to a rate of 8.67%, which also corroborates Zillow’s annual forecast of 7.4%. Looking at these statistics, it is no brainer that San Antonio home prices will continue to rise in 2021. Clearly, for the long-term investment, you cannot ignore underestimate investing in San Antonio.
The San Antonio-New Braunfels Housing Market Area (HMA) encompasses eight counties in south-central Texas. The principal city of San Antonio, the seventh most populous in the United States, is in Bexar County. The city of New Braunfels, in Comal and Guadalupe Counties, is 30 miles northeast of the city of San Antonio. Surrounding Bexar County, Atascosa and Wilson Counties to the south, Bandera and Medina Counties to the west, and Kendall County to the north complete the HMA.
The historical change in home prices for San Antonio-New Braunfels, TX (Greater San Antonio) is shown below for the three-time periods. The San Antonio Home Price Index has increased for the last 11 consecutive quarters (data up to 3rd Quarter, 2018). The 3rd Quarter index value was 3.82 points higher than the 2nd Quarter, 2018 an index value of 243.75, resulting in a 1.57% rise in the 3rd Quarter for the San Antonio Market.
The highest annual change in the value of houses in the San Antonio Real Estate Market was 37% in the twelve months ended with the 4th Quarter of 1981. The worst annual change in home values in the San Antonio Market was -15% in the twelve months ended with the 4th Quarter of 1982. The historical change in home values has been calculated until the 3rd Quarter of 2018.
| Time Period | San Antonio Metropolitan Area Real Estate Appreciation |
| Last 5 Years | 40% |
| Last 10 Years | 43% |
| Last 20 Years | 128% |
Here is a short and crisp San Antonio housing market forecast given by Zillow for San Antonio, Bexar County, and Greater San Antonio Area. Housing inventory remains low in many major cities across the nation, and this area is no exception to that. According to their forecast, the supply and demand dynamics will likely put the negotiating power in the hands of sellers, pushing prices north again over the next 12 months,
There exists a limited supply of homes and buyers are forced to compete often resulting in higher prices and/or quicker sales that tend to benefit sellers.
- San Antonio home values have gone up 4.4% over the past year and the latest forecast is that they will rise 7.4% over the next 12 months. This shows that prices are going to rise to the point where most people can’t afford it in this city.
- Bexar County home values have also gone up 4.4% over the past year and the latest forecast is that they will rise 7.4% over the next 12 months.
- San Antonio-New Braunfels Metro or (Greater San Antonio) is an eight-county metropolitan area in Texas. Here, home values have gone up 4.3% over the past year and Zillow predicts they will rise 4.9% in the next 12 months.
- LittleBigHomes.com estimates that the probability of rising home prices in San Antonio is 73% for the 3 years ending with the 3rd Quarter of 2021.
- If this price forecast is correct, the San Antonio home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd Quarter of 2018.
The chart below, created by Zillow, shows the growth of median home values since 2011 and their forecast until October 2021 (the green area).
Courtesy of Zillow.com
There is a strong demand due to record-low interest rates and the limited inventory of homes for sale. In a balanced real estate market, it would take about six months for the supply to dwindle to zero. San Antonio and the surrounding metro area is still a strong, steady market that’s poised to stay that way in the coming months.
In terms of months of supply, San Antonio can become a buyer’s real estate market if the supply increases to more than six months of inventory. And that’s not going to happen soon. The San Antonio area currently has only 2.8 months of inventory available, making it a strong seller’s real estate market.
Less inventory means home sellers have more power. Therefore, in the long term, the San Antonio real estate market remains strong and skewed to sellers, due to a persistent imbalance in supply and demand. The San Antonio economy is also expected to grow by about 39.6% in the coming decade, which is more than the national average. The means low unemployment rates, notable population growth, and yes – great opportunities for real estate investment.
Real estate market forecasts given in this article are just an educated guess and should not be considered financial advice. Real estate prices are deeply cyclical and much of it is dependent on factors you can’t control. Many variables could potentially impact the value of a home in San Antonio in 2020 (or any other market) such as big changes in the distressed, new-construction, or luxury home segments. There are also a wide variety of economic and political factors that can and do impact real estate markets. Most of these variables are difficult to predict in advance.
San Antonio Housing Market 2020 Summary: Prices | Sales | Supply
We shall now discuss some of the most recent housing trends in the San Antonio area and compare them with the past couple of years. We shall mainly discuss median home prices, inventory, economy, growth, and neighborhoods, which will help you understand the way the local real estate market moves in this region.
San Antonio is a minimally walkable city in Bexar County with a population of approximately 1,326,420 people. San Antonio has been one of the hottest real estate markets in the country for many years. It is one of the best places to visit and has one of the fastest-growing economies in the country, driven by sectors such as military, tourism, health care, and insurance. San Antonio housing prices rose by around 5% in the last year due to strong demand.
Let’s first take a look at some of the historical data. According to a report published in Sanantoniotxforsale.com, 2018 was a fantastic year for San Antonio real estate market. One of the largest driving forces behind the thriving real estate market is the growing economy. The San Antonio area is a hotbed for new jobs and not just any jobs. According to KSAT12, job growth in the region is specifically focused on several pivotal sectors, including technology and cybersecurity.
Despite challenges with low inventory levels, the San Antonio real estate market shattered records and continued to perform well in 2019. As per the report released by the San Antonio Board of Realtors in Dec 2019:
- 34,430 single-family homes were sold in 2019, representing a 7% year-over-year increase.
- The average home price was just over $270,275, which also was a 4% year-over-year increase.
- The median home price was about $233,800, which was a 4% year-over-year increase.
Courtesy: San Antonio Board of REALTORS®
San Antonio Housing Market 2020 Before Cornovairus Pandemic
Total home sales showed modest increases in March with sales rising four percent for a total of 3,013 in the San Antonio area. This is according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS—including Bexar, Atascosa, Frio, Karnes, Kendall, LaSalle, McMullen, Medina, and Wilson counties.
Both the average and median sales prices climbed six percent, with the average price reported at $277,256 and the median at $240,000. Months of inventory continued to favor sellers with only 3.2 months available. Heading into April, the month ended with 2,917 sales still pending.
Compared with the rest of Texas, Bexar County remained affordable and continues to fare strongly. Home sales in the county increased 0.4 percent while the average sales price increased seven percent to $265,665.
Screenshot Courtesy: SABOR
Impact of COVID19 on The San Antonio Housing Market
Before this pandemic hit the nation, even though the San Antonio housing market had cooled off a bit, the home values were expected to climb but at a slower pace in 2020. Realtor.com had predicted that prices for single-family homes in the San Antonio metro area will climb by just 0.8 percent in 2020.
In June, San Antonio’s average price of a home increased by 3% as compared to June 2019. Year-to-date, the average price has shown an increase of 5% to $278,395. The reports showed 3,823 homes sold in San Antonio during June, an increase of 14 percent. The month of June shows an increase in all four categories indicating stability in the market.
April’s housing market report from SABOR showed that real estate transactions did get slightly impacted by the pandemic. However, home buying and selling were still on the move, even amid difficult times. Total home sales dropped by 8% from April 2019. Also indicated was a shift in days on the market to 61 days on average, down one day from this time last year.
There were 9,498 active listings in San Antonio, a slight increase from March, with 3,543 of those being new listings. Pending sales for the month were at 2,652. Texas’ real estate market showed a decrease in home sales at 17.4% for 24,795 homes sold, as compared to San Antonio which only saw an 8% decrease for 2,748 homes sold.
Housing Trends in May showed that Bexar County was faring the best of any other major county in Texas, a positive indication for San Antonio’s housing market. In a year-over-year comparison for May, Bexar, Harris, Travis, and Dallas Counties showed a decrease in sales compared to May 2019. However, in a county-by-county comparison, Bexar County’s decrease in home sales was significantly less than the other Texas counties – only a 13.4% decrease in sales from May 2020 vs. May 2019.
A total of 2,869 homes were sold in San Antonio. While this displays a year-over-year comparison decrease (compared to 3,590 in May 2019), it is an increase over April’s sales of 2,748 homes. Compared to May 2019, San Antonio’s average price of a home increased by 3%. Year-to-date, the average price showed an increase of 5% to $274,645.
As predicted, June showed to be a strong buying season. There was an increase in all four categories indicating stability in the market. Home sales rebounded in June. There was a double-digit y-o-y increase of 14 percent in sales after two months of decreased sales volume in April and May due to the coronavirus pandemic. This can be seen by the number of pending sales of homes (3,785). An additional 931 homes are pending from June through July, consequentially resulting in a 32.6% increase.
| Closed sales increased by 14 percent year-over-year. |
| Compared to June 2019, San Antonio’s average price of a home increased by 3%. |
| Year-to-date, the average price has shown an increase of 5% to $278,395. |
| In a year-to-date, year-over-year comparison, Bexar County faired well compared to Travis (-10.7%) Harris (-4.9%), and Dallas County (-6.8%.) |
| Each of these counties indicates a decrease while Bexar county shows a promising 3.4% increase. |
| As predicted, June has shown to be a strong buying season. This can be seen by the pending sales of homes (3,785). |
| An additional 931 homes are pending from June through July, consequentially resulting in a 32.6% increase. |
San Antonio Real Estate Foreclosure Trends
Here are some foreclosure statistics of San Antonio. According to Zillow’s data, the percent of delinquent mortgages in San Antonio is 1.6%, which is higher than the national value of 1.1%. There are currently 433 properties in San Antonio, TX that are in some stage of foreclosure (default, auction, or bank-owned) while the number of homes listed for sale on RealtyTrac is 2,581.
In June, the number of properties that received a foreclosure filing in San Antonio, TX was 19% lower than the previous month and 70% lower than the same time last year.
| Potential Foreclosures in San Antonio | 433 (As of June 2020) |
| Homes for Sale in San Antonio | 2581 |
| Recently Sold | 15,470 |
| Median List Price | $234,925 (2% rise vs May 2019) |
As of now, the zip code with the highest foreclosure rate is 78264, where 1 in every 682 housing units is foreclosed. 78237 zip code has the lowest foreclosure rate, where 1 in every 3911 housing units becomes delinquent.
San Antonio Real Estate Investment: Should You Invest Here?
Should you consider San Antonio real estate investment? Now that you know where San Antonio is, you probably want to know why we’re recommending it to real estate investors. Many real estate investors have asked themselves if buying a property in San Antonio is a good investment? You need to drill deeper into local trends if you want to know what the market holds for real estate investors and buyers in 2020.
A Quick San Antonio Real Estate Investment Perspective: There are several reasons to consider investing in San Antonio real estate. There is an increase in affordability due to an increase in development. San Antonio is a major city in south-central Texas with a rich colonial heritage but it exhibits a low cost of living which is about 3.3% lower than the US. Texas rivals California and New York in terms of population and economic clout.
Top Reasons to Invest In The San Antonio Real Estate Market |
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The Lone Star State is also attracting people from those states and the rest of the country, though it gets more than its fair share of immigrants from other countries, too. Is it going to be one of the hottest real estate markets for investors in 2020 & 2021? Rising prices may keep some from participating in the market, high property taxes can deter the expected growth, but the reality is San Antonio continues to rank as one of the best places to live across the country.
There is a lot of construction activity going on especially in the entry-level single-family homes to satisfy the principles of supply and demand. This will bring in more number of small prospective buyers looking for homes under $200,000. These are just some of the highlights that make San Antonio a great place to live and invest in real estate. The list can go on and on.
Let’s take a look at the number of positive things going on in the San Antonio real estate market which can help investors who are keen to buy an investment property in this city. We’ll address the biggest factor pulling people to the San Antonio housing market.
San Antonio’s Fast Economic Growth Propels its Real Estate Market
San Antonio is the seventh-most populous city in the United States. According to Wikipedia, it was the fastest-growing city among those in the top ten. It has been among the nation’s fastest-growing cities for college-educated millennials. The city offers a thriving job market, delicious Tex-Mex, a family-friendly environment, and a slew of festivals and community gatherings. AreaVibes gives San Antonio high scores for its many amenities, low cost of living, affordable real estate, excellent schools, and sunny weather.
The San Antonio real estate market is seeing property valuations skyrocket because of the challenge of meeting the demand of everyone moving here for work or mere opportunity. The San Antonio housing market is trying to cope with a city growing at roughly 2% a year. The median age of a San Antonio resident is 33 while the average U.S. resident is nearly 38 years old.
The average household in San Antonio has 2.8 people while the U.S. household has 2.6. These stats represent a community that is younger and has more children than average. San Antonio’s rapidly growing economy means that many of the children born here will stay here, fueling the San Antonio real estate market for another generation.
According to a 2016 publication by Huduser.gov, economic conditions in the San Antonio-New Braunfels HMA have improved a lot since 2010, with nonfarm payrolls expanding at an increasing rate each year. Payrolls increased by an average of 13,600 jobs, or 1.7 percent, annually from 2001 through 2008 and reached a high of 860,400 jobs, which included the 2,000 manufacturing jobs added in 2006 when Toyota Motor Corporation opened an $850 million manufacturing facility.
As a result of the national recession, which lasted from December 2007 until June 2009, payrolls in the HMA declined in 2009 by 15,900 jobs or 1.8 percent. The effects of the national recession were moderate in the HMA, in part because of strong growth in the education and health services sector and the stability of the government sector.
Richmond VA Real Estate Market & Investment Overview
Clear Growth Channels: San Antonio sits at the intersection of Interstate 35 and Interstate 10. This makes San Antonio a major transit corridor, but it also provides clear lines of growth. Businesses and, eventually, residential development are expanding along these lines. As warehouses and service businesses expand along these major thoroughfares, single-family homes and condos follow. You don’t have to worry about where to build – you know the city will expand that way eventually.
The limited housing supply keeps rents and property values going up year-over-year. San Antonio has been hit with a double whammy concerning its efforts to meet housing demand. San Antonio has lagged behind other Texas cities in the recovery of its home building industry; housing starts grew by 63% in San Antonio since 2011 while rising by 181% in Austin. This means the fast growth of neighboring cities like Austin is sucking in the talented craftspeople that would be needed to build more homes in San Antonio.
The shortage of construction workers means that home prices are still going up while it takes longer to meet demand than it does in Dallas-Fort Worth, Austin, and Houston. The matter was only made worse by the number of people who moved down to Houston to aid in rebuilding there after Hurricane Harvey.
San Antonio Rental Market is Growing
For those who want to invest in rental real estate, the San Antonio real estate market is an ideal location because of the outsized military presence. Fort Sam Houston is located inside the city limits. Lackland Air Force Base, Randolph Air Force Base, Camp Bullis, and Camp Stanley are located in the immediate vicinity. This means that there is a large population that will almost always rent because they don’t know where they’ll be sent on their next assignment.
Why is San Antonio developing so quickly? The answer is the fast-growing job market. When a military base closes, this can be a serious blow to the economy of a city. San Antonio turned the closed Kelly Air Force Base into Port San Antonio, an aerospace and industrial park that provides as many high paying jobs as the closed military base. Six Fortune 5000 companies are located here.
Toyota built a manufacturing plant in San Antonio. Automotive suppliers like Indo-MIM are moving in to supply companies like Toyota, adding to the employment base while diversifying it beyond tourism and defense. In short, the San Antonio real estate market is bolstered by many moving in who hope to find work even if they don’t have a job today.
Rental Market Statistics: Before the pandemic, the average rent for an apartment in San Antonio was growing at 3% annually. Around 35% of the households in San Antonio are renter-occupied while 64% are owner-occupied. More than 90% of the apartments can be rented for $1,500 or less. Only 2% of the apartments fall in the rent price range of $2,000 or more.
The average size for a San Antonio, TX apartment is 855 square feet. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer more generous square footage. One-bedroom units apartments generate the majority of renter interest followed by the two-bedroom apartments.
These are some of the most affordable neighborhoods where the rent prices are way below the San Antonio average rent of $1,049/mo:
- Kelly – South San Pueblo, where the average rent goes for $758/month.
- University Park, where renters pay $765/mo on average.
- Woodlawn Hills, where the average rent goes for $765/mo.
- United Southwest, where the average rent goes for $780/month.
- Pecan Valley, where the average rent goes for $781/month.
- Meadow Village, where renters pay $788/mo on average.
- Sunshine Estates, where the average rent goes for $824/mo.
- The Hills Of Park North, where renters pay $858/mo on average.
- San Antonio International Airport, with an average rent of $974/month.
- Near Northwest San Antonio, where apartments go for $935/month.
As of November 2020, the average rent for an apartment in San Antonio, TX is $1136 which is a 6.69% decrease from last year when the average rent was $1212, and a 0.18% decrease from last month when the average rent was $1138.
- One-bedroom apartments in San Antonio rent for $975 a month on average (a 3.9% decrease from last year).
- Two-bedroom apartment rents average $1221 (a 6.63% decrease from last year).
- The average apartment rent over the prior 6 months in San Antonio has decreased by $21 (-1.8%).
One-bedroom units have decreased by $7 (-0.7%). - Two-bedroom apartments have decreased by $17 (-1.4%).
San Antonio’s Affordable Real Estate
San Antonio has a dearth of affordable housing because demand is so much greater than the supply. This has created a large number of renters who need to pay quite a bit to rent apartments or single-family homes. We know there is a lack of housing relative to demand when a balanced market has a 6 month home inventory and San Antonio has only a two-month inventory. There are many lower-cost investment opportunities for landlords or rental property investors.
Texas overall is seeing the housing market shift. In 2011, two-thirds of homes sold cost less than $200,000. In 2017, these same homes were only two-fifths of those sold. When you compare the price mix of different Texas real estate markets, Houston and Fort Worth have seen a significant increase in homes costing $200,000 to $400,000, while the San Antonio real estate market is skewed cheaper. If you’re buying rental real estate, you can find more homes that are cheaper than average here than you could in other hot Texas markets.
Landlord Friendly State: The state of Texas has an efficient eviction process. Leases can list repairs the tenants must make at their own expense. Texas doesn’t set a limit on security deposits. The state doesn’t require landlords to have specific security devices in place.
The Redevelopment Potential of the South Side
San Antonio’s new construction has been focused on the north side of the city, while the south side has languished. However, the low prices for land and property such a short distance from downtown is leading to major redevelopment in the area. Infrastructure like sewers and new roads are being built on the southern nearly-rural side of San Antonio, especially long-neglected areas barely inside Loop 410. The southern riverfront, too, is attracting interest as resorts and hotels pop up along the stretch of river known as Mission Reach.
On Realtor.com, there are currently 4300 new construction single-family homes for sale in San Antonio within a price range of $122,899 to $2.7M. You can find affordable new construction homes in the East San Antonio neighborhood with the median listing price of $210,000. You can also find new construction houses in a neighborhood called “People Active in Community Effort,” where the median price is around $190,000.
San Antonio Investment Properties: Where To Invest?
Investing in San Antonio’s real estate can be a worthy investment due to a steady rate of appreciation. It’s only wise to think about how you can and should be investing your money. In any property investment, cash flow is gold. There are many reasons why the San Antonio real estate market is going strong today and certain to remain strong for years to come. San Antonio is a fast-growing city that literally cannot keep up with the population growth, keeping rental rates and property values high. Redevelopment on the south side and as land use shifts creates opportunity.
Good cash flow from San Antonio investment properties means the investment is, needless to say, profitable. A bad cash flow, on the other hand, means you won’t have money on hand to repay your debt. Therefore, finding a good San Antonio real estate investment opportunity would be key to your success. If you invest wisely in San Antonio real estate, you could secure your future.
The best investment is now looking for a rental property that will generate good cash flow. Your best tenants would be the retirees who intend to relocate to San Antonio and want to purchase property to rent out. The three most important factors when buying real estate anywhere are location, location, and location.
The location creates desirability. Desirability brings demand. There should be a natural and upcoming high demand for rental properties. Demand would raise the price of your San Antonio investment property and you should be able to flip it for a lump sum profit. The neighborhoods in San Antonio must be safe to live in and should have a low crime rate. The neighborhoods should be close to basic amenities, public services, schools, and shopping malls.
A cheaper neighborhood in San Antonio might not be the best place to live in. A cheaper neighborhood should be determined by these factors – Overall Cost Of Living, Rent To Income Ratio, and Median Home Value To Income Ratio. It depends on how much you are looking to spend and if you are wanting smaller investment properties or larger deals in Class A neighborhoods.
According to Realtor.com, there are 174 neighborhoods in San Antonio. Some of the popular neighborhoods in San Antonio are Dignowity Hill, Terrell Heights, Terrell Hills, Mahncke Park, Castle Hills, Stone Oak, Alamo Heights, Hollywood Park, Alamo Ranch, Helotes, Lavaca, Tobin Hill, Highland Park, Monte Vista, and Elm Creek.
The Dominion has a median listing price of $899K, making it the most expensive neighborhood. It has a low crime rate. You’d find a lot of newer homes and homes with large lots in this neighborhood. Another popular neighborhood with a low crime rate is Timberwood Park where the median home price is around $398,000. Highland Hills is the most affordable neighborhood, with a median listing price of $129,900.
Downtown is the heartbeat of the San Antonio area. It is the central business district of San Antonio and also serves as the urban core of Greater San Antonio, a metropolitan area with nearly 2.5 million people. Bustling downtown is San Antonio’s most in-demand neighborhood. The Central Business District is home to the Rivercenter, a famous shopping mall. In Downtown, there are a lot of bars, restaurants, coffee shops, and parks.
Many families live Downtown and residents tend to lean liberal. The population of renters in this neighborhood amounts to 70%. The median home value in Downtown San Antonio is $421,008 (Zillow) and home values have gone up 1.7% over the past year. Downtown’s average rent is around $1,765/month, which is more than San Antonio’s average rent.
Oakland Estates is a neighborhood is in Bexar County and is one of the best places to live in Texas. Living in Oakland Estates offers residents an urban feel and most residents rent their homes. According to Niche.com, it is #3 in The Best Places to Live in San Antonio Area. It mostly features large homes that are very reasonably priced. This neighborhood is perfect for those seeking single-family homes.
This is a varied community, with homes representing a wide range of time periods and styles. In general, homes in Oakland Estates are about $135,000 – $750,000 and sit on 2-acre lots with four bedrooms and three bathrooms. It is also a great area for rental property investment as more than 85% of the population comprises renters. The median home value in Oakland Estates is $308,495 and home values have gone up 2.1% over the past year. On average, homes here are $149 per square foot and typically list for around $330,000.
North Central Thousand Oaks is a subdivision located in Bexar County which is within the San Antonio, TX region. It is surrounded by restaurants, education opportunities, entertainment venues, shopping, and much more. Areavibes gives it a livability score of 92, which is considered exceptional. It is ranked #7 in the best places to live in San Antonio and #8 in Texas. The median home value in North Central Thousand Oaks is $268,892 (Zillow) and home values have gone up 2.1% over the past year.
The average rent is around $1,052/month, which is less than San Antonio’s average rent of $1,157 (On RentJungle). According to Mashvisor’s calculation, the median property price is $278,500. Investing in long-term rentals can fetch a rental income of $2,717 and a cash-on-cash return of 4.6%. They rank this neighborhood the highest when it comes to cash-on-cash returns for both traditional as well as Airbnb rentals.
Beacon Hill neighborhood is one of the country’s most-popular affordable places to live. It features an assortment of neighborhoods from the quaint and comfortable Beacon Hill to the established Monte Vista. Each neighborhood has distinctive housing characteristics, with traditional Victorians in Beacon Hill, and lofts, condos, and converted homes in Five Points. The architecture includes a mix of single-family homes, condominiums, and townhouses. Alta Vista and Beacon Hill were among the first “modern” platted subdivisions developed in San Antonio.
The region bordered by Interstate 10, West Hildebrand Avenue, and Fredericksburg and San Pedro roads made Redfin’s list of the “10 Hottest Affordable Neighborhoods of 2019.” Beacon Hill was the only Texas neighborhood mentioned in the top ten. The median home value in Beacon Hill is $224,335 (Zillow) and home values have gone up by a whopping 7.6% over the past year. The average rent for a one-bedroom apartment in Beacon Hill is around $1,041, and for a two-bedroom apartment, renters need to pay $1,330/month.
Here are the ten neighborhoods in San Antonio having the highest real estate appreciation rates since 2000—List by Neigborhoodscout.com.
- Fm Road 2696 / Dietz Elkhorn Rd
- State Loop / Hall Blvd
- S Presa St / Sadie St
- S Presa St / Florida St
- City Center
- S Main Ave / E Durango Blvd
- Buena Vista
- Blanco Rd / W Magnolia Ave
- Broadway St / E Jones Ave
- N Main Ave / E Euclid Ave
Texas Real Estate Investment Markets
Buying or selling real estate, for a majority of investors, is one of the most important decisions they will make. Choosing a real estate professional/counselor continues to be a vital part of this process. They are well-informed about critical factors that affect your specific market areas, such as changes in market conditions, market forecasts, consumer attitudes, best locations, timing, and interest rates.
NORADA REAL ESTATE INVESTMENTS has extensive experience investing in turnkey real estate and cash-flow properties. We strive to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in many other growth markets in the United States. We can help you succeed by minimizing risk and maximizing the profitability of your investment property in San Antonio.
Consult with one of the investment counselors who can help build you a custom portfolio of San Antonio turnkey properties. These are “Cash-Flow Rental Properties” located in some of the best neighborhoods of San Antonio.
Not just limited to San Antonio or Texas but you can also invest in some of the best real estate markets in the United States. All you have to do is fill up this form and schedule a consultation at your convenience. We’re standing by to help you take the guesswork out of real estate investing. By researching and structuring complete San Antonio turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability.
Apart from San Antonio, there are several growing real estate markets in the state of Texas. Dallas is the one that is popular among real estate investors. It is a great market because it has a strong economy and constant population growth and will make your pockets bigger. As rents go up smart investors should invest in Dallas.
Dallas’s local economy is a mix of aerospace, computer chips, telecommunications, transport, energy, and healthcare sectors and the Finance and Business Services. These sectors are all providers of good wages which allows for a strong market for Dallas investment properties.
The Dallas-Fort Worth area is exploding due to its strong job market, low housing costs, and low taxes. The Fort Worth housing market presents an excellent opportunity for investors because it is both cheaper than its big brother and providers a wider variety of properties. The Fort Worth real estate market has a much lower density than the Dallas real estate market.
You can find high-density housing in downtown Fort Worth, but it is far easier to find horse-friendly properties in the Fort Worth real estate market than in the distant suburbs of Dallas. This is, of course, in addition to the luxury housing markets in both cities.
Similarly, Houston is another great market for investing in real estate. Houston, TX is becoming a hotbed of buyer activity that could be really beneficial for real estate investors; just ask the multitude of overseas investors who are choosing Houston as the city of choice to invest in for the foreseeable future.
The Houston metro area offers great opportunities for investors who are looking for a stable market that offers both cash flow and equity growth at a price that is STILL well below their replacement value.
The El Paso real estate market is another hot market to invest in. El Paso real estate market was ranked 4th in Trulia’s hottest real estate markets to watch in 2018. El Paso’s strong job growth, affordability, low vacancy rates, and high population of young households were pivotal in the ranking process.
The cost of living in El Paso is lower than the national average, while the cost of housing is well below that of other major metropolitan areas, including Houston and Austin.The Central, Cielo Vista, and Mesa Hills areas offer more affordable rental properties for sale, while neighborhoods in the northwestern and eastern parts of the metro area have some of the more expensive housing inventory. The amount residents spend on everyday expenses, such as food and transportation, is slightly less than what the average American pays.
With Austin, Texas, becoming a more diverse city every year, there are plenty of opportunities to take advantage of – from buying new homes to different investment options in the Austin housing market 2019. Austin is a leader across the country with jobs and when you combine that with home prices not as drastically increasing, you’ll get a real estate market that many others envy.
Homes in Austin are 23% cheaper than the national average. It may be the second most expensive housing market in the state with a median home price of around $350,000, but it is still far cheaper than California or New York. Buy up condos or townhomes, and you’ll be able to see a sizable return on the investment.
Let us know which real estate markets in the United States you consider best for real estate investing!
Please do not make any real estate or financial decisions based solely on the information found within this article. Some of the information contained in this article was pulled from third party sites mentioned under references. Although the information is believed to be reliable, Norada Real Estate Investments makes no representations, warranties, or guarantees, either express or implied, as to whether the information presented is accurate, reliable, or current. All information presented should be independently verified through the references given below. As a general policy, the Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US. This article aimed to educate investors who are keen to invest in San Antonio real estate. Purchasing an investment property requires a lot of studies, planning, and budgeting. Not all deals are solid investments. We always recommend doing your research and take the help of a real estate investment counselor.
References:
Market Data, Reports & Forecasts
https://realestate.sabor.com/
https://realestate.sabor.com/pages/press-releases/
https://www.zillow.com/sanantonio-tx/home-values
https://www.redfin.com/city/16657/TX/San-Antonio/housing-market
https://www.realtor.com/realestateandhomes-search/San-Antonio_TX/overview
Rental Trends
https://www.rentjungle.com/average-rent-in-san-antonio-rent-trends/
https://www.rentcafe.com/average-rent-market-trends/us/tx/bexar-county/san-antonio/
Reasons to consider investing in San Antonio
https://www.bestplaces.net/people/city/texas/san_antonio
http://projects.expressnews.com/growth-on-the-south-side
http://www.landlordstation.com/blog/top-landlord-friendly-states/
https://morrisinvest.com/blog/2016/12/21/5-most-landlord-friendly-states
https://opportunityurbanism.org/2017/11/price-texas-growth-housing-affordability
https://www.mysanantonio.com/business/local/article/Indian-manufacturer-to-expand-San-Antonio-12255780.php
https://www.expressnews.com/150years/major-stories/article/Arrival-of-Toyota-plant-transformed-San-6458075.php
https://www.expressnews.com/real-estate/article/San-Antonio-s-housing-market-strong-but-lack-12477396.php
https://www.mysanantonio.com/real-estate/article/San-Antonio-home-sales-and-prices-keep-climbing-12841312.php
Neighborhoods & Real Estate Data
https://www.zillow.com/
https://www.neighborhoodscout.com/tx/san-antonio/real-estate/
https://www.niche.com/places-to-live/search/best-neighborhoods/m/san-antonio-metro-area/
https://www.mashvisor.com/blog/san-antonio-real-estate-market-2020/
https://www.redfin.com/blog/hottest-affordable-neighborhoods-2019/
http://www.beaconhillsanantonio.org/history/
https://www.apartmenthomeliving.com/san-antonio-tx/beacon-hill/
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