Archives for April 2022

We will discuss the latest Columbus Ohio real estate market trends & news and find out how they can affect the investors and homebuyers in 2022. Columbus is a slowly and steadily growing real estate market that will be thriving well into the foreseeable future. The real estate statistics in Columbus show us that while construction is increasing, inventory is still scarce because of increasing demand. This is leading to a steady year-over-year increase in the Columbus house prices.

Let’s continue to explore the Central Ohio housing market to understand the latest trends. Following a record-breaking year, January’s housing activity fell flat as new listings, contracts, and home sales dropped below those of 2021. According to the Columbus REALTORS® Multiple Listing Service, the Central Ohio market added 2,178 new homes in January 2022, down 0.4 percent from last year. The total home sales were down 2.8 percent in January to 1,872.

High demand coupled with low inventory has driven up prices in many regions, including Central Ohio. According to the Jan 2022 Central Ohio Housing Report, the median sale price increased 11.1 percent to $250,000 and the average sale price was up 10.4 percent to $290,847.  Roughly one in four homes (23.8 percent) were cash transactions in October. The central Ohio housing market was very active last month, despite the slight drop in sales. It took an average of 22 days to sell a home in January and the monthly supply of inventory has shrunk to 0.6 months in this region.

Central Ohio Housing Market Statistics (Last Year)

The housing market in 2021 was once again robust on both a local and national level. Inventory shortages and strong buyer demand continued to drive up home prices, with multiple bids on a limited number of homes being a regular occurrence in the majority of market sectors. 36,489 homes were sold in the Central Ohio housing market, according to the annual report published by Columbus REALTORS®.

The number of homes listed for sale last year was almost 11 percent higher than in 2020 and there were more listings in 2021 than in any year since 2010 when the country was recovering from the stock market and housing crash of 2008. However, it simply couldn’t raise enough to meet the significant increase in demand.

Home sales were up 9.1 percent to end the year at 36,489. The overall median sales price increased12.1 percent to $260,000 for the year. Single Family home prices were up 12.6 percent compared to last year, and Condo home prices were up 14.3 percent. Sellers received, on average, 102.2 percent of their list price at sale, up 2.4 percent from 2020.

In 2021, the percentage of closed foreclosure or short sale sales declined by 29.2 percent to 1.2 percent of the market. In 2022, foreclosure and short sale activity may grow, however, the significant equity gains experienced by the majority of homeowners over the last several years will help limit the number of troubled sales.

Columbus Ohio Housing Market Prices & Forecasts 2022

We shall now discuss some of the most recent Columbus real estate trends and compare them with the past year. We shall mainly discuss median home prices, inventory, and growth, which will help you understand the way the local real estate market moves in this region. Columbus is also one of the hottest real estate markets in the nation. Columbus real estate has appreciated 83.33 percent in the last ten years, for an average annual home appreciation rate of 6.25 percent. This puts Columbus in the top 20% nationally for real estate appreciation.

Homebuyers looking for a reprieve from the Columbus' heated housing market are unlikely to find one next year, according to a Realtor.com projection. The listing service ranks Columbus as the fifth-hottest housing market in the country for 2022, forecasting that house sales and asking prices will increase twice as quickly as national rates. Demand for homes in the Columbus area will continue to be strong due to their affordability, immigration into the city, the area's high proportion of millennials, and the region's excellent job growth and schools.

The median list price of homes in Columbus, OH is $224,900, trending up 9.8% year-over-year. The median listing price per square foot is $153. The median sale price is $184,500. Homes in Columbus sell faster than average compared to other cities in Franklin County. Ideally, a buyer would prefer a sale to asking price ratio that’s closer to 90%. The sellers in Columbus have managed to hold good leverage in these negotiations in the past month. On average, they could sell homes for 100% of the asking price in January 2022. A seller would always prefer scenarios that can yield a ratio of 100% or higher.

• German Village has a median listing home price of $609,900, making it the most expensive neighborhood in Columbus
• South Linden is the most affordable neighborhood, with a median listing home price of $117,000.

Columbus has a mixture of owner-occupied and renter-occupied housing units. According to Neighborhoodscout.com, a real estate data provider, one and two-bedroom single-family detached homes are the most common housing units in Columbus. Other types of housing that are prevalent in Columbus include large apartment complexes, duplexes, rowhouses, and homes converted to apartments. Single-family homes account for about 46% of Columbus' housing units.

About 1,047 homes were sold in Jan 2022 in Franklin County. As compared to 2021, it makes a year-to-year decrease of 5.6%. The average sales price of homes sold in the county area increased by 13.6% to $288,426 while the median sales price increased by 13% to $$247,000.

Below is the latest monthly report of the Columbus Housing Market (Franklin County Area). The source of this report is – “Columbus REALTORS®.” The report compares key housing metrics from January 2022 with January 2021.

• Home sales decreased by 5.6% to 1,047 units.
• Pending sales decreased by 5.4% to 1,443 signed contracts.
• The Median Sales Price rose by 13.0% to $247,000.
• The Average Sales Price rose by 13.6% to $288,426.
• The Average Price Per Square Foot rose by 14.5% to $176.19.
• Days on Market Until Sale dropped by 9.1% to 20 days.
• New Listings dropped by 5.3% to 1,222 homes for sale.
• Total Inventory of Homes for Sale dropped by 14.9% to 785 units.

The report shows it is still a strong seller's real estate market with just 0.5 months of inventory left on the market, which is only likely to keep driving prices higher in the near future. Historically, six months of supply is associated with moderate price appreciation, and a lower level of months’ supply tends to push prices up more rapidly. As we move forward the industry is adapting to the current environment by conducting business using technologies such as virtual showings and e-signing to help buyers and sellers with their housing needs in the face of these challenges.

Columbus Ohio Real Estate Market Forecast 2022 – 2023

What are the Columbus real estate market predictions for 2022 to 2023? We get to find that on Zillow, the typical home value in Columbus is $216,840. Let us look at the price trends recorded by Zillow over the past few years. Since Mar 2012, the typical home prices in Columbus have appreciated by nearly 119%. The prices rose by 16.5% over the last 12 months alone. Last year saw was the ninth consecutive year of home price gains.

Columbus is a hot seller’s real estate market as 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. In other words, the housing demand is exceeding the supply, giving sellers an advantage over buyers in price negotiations. There are fewer homes for sale than there are active buyers in the marketplace. According to NeighborhoodScout, the real estate appreciation rate in Columbus in the last quarter was around 5.66%, which amounts to an annual rate of 24.62%.

• The typical home value of homes in Columbus Metro is $275,240, up 16.2% over the past year.
• Zillow predicts they will rise 17.5% in the next twelve months.
• The Columbus metropolitan area consists of the counties of Franklin, Delaware, Licking, Madison, Pickaway, and Fairfield.
• The current population estimate is approximately 1.8 million people.
• Columbus home values have gone up 16.5% over the past year and will continue to rise in the next twelve months.
• Franklin County home values have gone up 16.1% over the past year and will continue to rise in the next twelve months.
• Delaware County home values have gone up 14.5% over the past year and will continue to rise in the next twelve months.
• Licking County home values have gone up 21.4% over the past year and will continue to rise in the next twelve months.
• Madison County home values have gone up 15.2% over the past year and will continue to rise in the next twelve months.

Here is the Columbus real estate price appreciation graph by Zillow. It shows us the current home price appreciation forecast of 17.5% until Jan 2023.

Columbus has been one of the hottest real estate markets in the country for years. It is also one of the hottest real estate markets for investing in rental properties. This market is very much skewed to sellers due to a very low level of inventory that can't meet the demand of the rising population. If buyer demand eases, we could see a positive influence on Columbus' low inventory levels while at the same time seeing a negative impact on sales. Columbus and the entire metro area market is so hot that it cannot shift to a complete buyer’s real estate market, for the long term.

In a balanced real estate market, it would take about five to six months for the supply to dwindle to zero. In terms of months of supply, Columbus can become a buyer’s real estate market if the supply increases to more than five months of inventory. And that’s not going to happen. Therefore, in the long term, the Columbus real estate market remains strong and skewed to sellers, due to persistent imbalance in supply and demand.

Whether you’re looking to buy or sell, timing your local market is an important part of real estate investment. Currently, the inventory is relatively increasing in Columbus, so buyers should take advantage of scooping up their favorite deals which otherwise are taken away by seasoned investors in the bidding wars.

Columbus Real Estate Investment Overview 2022?

Should you consider Columbus's real estate investment? Many real estate investors have asked themselves if buying a property in Columbus 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 2022. If you are looking to make a profit, you don’t want to buy the most expensive property on the Columbus real estate market and expect to make a good profit on rents. Perhaps you are looking for a slightly different hold-over, an investment property in Columbus that you might move into or sell at retirement in the future. Either way, knowing your profit potential and purpose is the first thing to consider.

Is it a good time to buy a house or invest in Columbus? Let’s talk a bit about Columbus and the surrounding metro area before we discuss what lies ahead for investors and homebuyers. Columbus, Ohio is the 14th largest city in the U.S. It is home to almost nine hundred thousand people. Forbes reported in 2018 that Columbus is a rare Midwest success story, a “Rust Belt” city that has truly transformed itself and has begun growing again.

It is the only large northern city to grow by more than 10% between 2010 and 2018. Compare this to many northern cities continuing to hemorrhage people, whether they are moving to the suburbs or the south. This makes the Columbus housing market much healthier than Cleveland, Detroit, and smaller Ohio cities from which it has drawn population. The Columbus Ohio real estate market is bigger than many think. Take the suburbs into account, and the Greater Columbus metro area encompasses around two million people. Around 2.4 million people live in the combined statistical area (CSA).

The home prices in Columbus are still relatively low, so if you want to invest in Columbus real estate, then now would be a great time to do so. It is the second-largest metro area in the state. The area is expected to grow by more than 50% over the next 20-25 years. The real estate appreciation rate in Columbus in the latest quarter was around 0.45% which equates to an annual appreciation rate of 1.81%. Even small changes in the appreciation rate can change the long-term value of buying considerably.

Let’s take a look at the number of positive things going on in the Columbus 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 Columbus housing market next.

Columbus Real Estate Is Appreciating for Many Reasons

A city that’s losing people is typically going to see property values decline, though desirable neighborhoods may see steady or slight increases in valuation. The Columbus Ohio housing market is seeing steady growth due to slow population growth. Between 2013 and 2020, property values have increased. Over the last year, prices increased by around 17%. This is partially due to the demand for older, renovated homes in established, walkable neighborhoods. The limited supply of family-friendly homes in these areas is driving up their prices.

One interesting factor driving property valuations in the Columbus Ohio real estate market is city tax abatements in downtown neighborhoods. The city is encouraging people to buy up properties and renovate them, whether to rent out or live in themselves. Another point in favor of Columbus is that they didn’t crackdown on private rentals like Airbnb. For example, they decided in 2018 not to limit the number of days people could rent their homes out on Airbnb and similar sites.

Columbus is Landlord Friendly

Ohio is rather landlord-friendly, in the same category as Idaho and North Carolina. That makes it much more landlord-friendly than neighboring Midwestern states and far better than Pennsylvania. There are no laws regarding pets, payment grace periods, or re-keying. Interest owed on deposits is modest. Rental agreements are recommended but not required for short leases. There is no statutory limit on late fees but they must be “reasonable.”

Columbus' Sizable Student Market Is a Boon to Investors

Columbus, Ohio is the state capital. This means there are several universities in the city. Franklin University hosts nearly five thousand students. Capital University has about three thousand students. Ohio Dominican University is home to nearly two thousand students. There are nearly 40 colleges within fifty miles of Columbus.

And the sheer variety of colleges in the area means that investors can rent to the large population of students in the Columbus Ohio real estate market without worrying about their property values rising and falling based on the popularity of a flagship school. Between kids attracted to the Columbus Ohio housing market for school and work and choosing to stay to start their own families, the Columbus market enjoys a median resident age of 32.3.

This is seven years less than the median age for the state of Ohio. We can expect the next generation to grow up here to stay, as well, fueling demand for the Columbus housing market. Columbus, Ohio has to compete with many other surrounding cities in the Midwest. However, one point in its favor is the lower cost of living. That attracts residents who earn just as much here as in Chicago but don’t have to pay as much for things. The annual salary is a little less than the national average, but rents and housing are even lower – and much lower than hotter markets like Chicago.

Rental Trend: The average rent for a 1-bedroom apartment in Columbus, OH is currently $902. This is a 1% increase compared to the previous year. Over the past month, the average rent for a studio apartment in Columbus decreased by -7% to $675. The average rent for a 1-bedroom apartment decreased by -2% to $902, and the average rent for a 2-bedroom apartment remained flat.

• The average rent for a 2-bedroom apartment in Columbus, OH is currently $1,100. Compared to last year, the average rent price has remained flat.
• The average rent for a 3-bedroom apartment in Columbus, OH is currently $1,650. This is a 10% increase compared to the previous year.
• The average rent for a 4-bedroom apartment in Columbus, OH is currently $1,995. This is a 5% increase compared to the previous year.

Columbus' Economy Is Healthy

We’ve already mentioned that Columbus, Ohio is considered a “Rust Belt” city that’s unique for a rebound. It enjoys unemployment rates of around 5%, but this is phenomenal compared to the surrounding area. The US saw incomes grow 22% between 2010 and 2016. Columbus metro area incomes grew roughly 25%. The city’s economy is healthy enough to retain many young people and attract some coming here to work, but it isn’t so hot that the bubble may burst. Most of the Columbus housing market growth has been younger people moving there from Ohio. This includes but isn’t limited to those who came for school but decided to stay.

Update: The BLS reported that the unemployment rate for Columbus rose 0.1 percentage points in July 2021 to 5.2%. For the same month, the metro unemployment rate was 0.2 percentage points lower than the Ohio rate. The unemployment rate in Columbus peaked in April 2020 at 13.5% and is now 8.3 percentage points lower.

Columbus' Tax Climate Is Balmy

Ohio’s effective property tax rate is 1.6%. That’s higher than the national average. However, Ohio is better than its peers for real estate owners, since its property tax rates are lower than those in several surrounding Midwestern states. Property tax rates do vary between counties, so you may pay lower property taxes for investment property in the suburbs as in downtown Columbus.

Redevelopment in Columbus

There are at least ten major redevelopment projects planned around Columbus, Ohio. These projects total an estimated billion dollars. Each of these redevelopment projects will increase the demand for homes in the area. In neighborhoods with new luxury condos, shopping, and employers, everyone’s property will be worth more. This allows real estate investors to invest in the Columbus Ohio real estate market in one or multiple locations, depending on their budgets and preferences. Nor do you have to worry about the one multi-family housing unit you bought collapsing in value because the mega-project in downtown was delayed or fell through for lack of funding.

Columbus Investment Properties

Investing in Columbus real estate can be a worthy investment due to a steady rate of appreciation. It mixes smart redevelopment, quality of life, and growth to create a stable, slow-growing market that will be thriving well into the foreseeable future. If you're looking to buy Columbus investment properties, it makes sense to do so when inventory levels are relatively high, like in the current phase of the pandemic.

The surplus of available opportunities can lead to softer negotiations with sellers. Columbus has a lower cost of living than the national average. Good cash flow from Columbus 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 Columbus real estate investment opportunity would be key to your success.

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 Columbus investment property and you should be able to get a good return on your investment over the long term. The neighborhoods in Columbus 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 Columbus 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 such as duplex and triplex in Class A neighborhoods. The inventory is low, but opportunities are there.

Homes downtown tend to sell at higher prices than those on the city's south side. There are many neighborhoods to consider for buying properties in Columbus. Properties in Worthington and downtown Columbus have higher than average median home prices, and their relatively low crime rates add additional appeal. Places like Victorian Village, where home prices remain higher than many other places in the city, support a strong local market, and they can signify a lower level of risk. Some of the other popular neighborhoods in Columbus, Ohio are Upper Arlington, North Linden, and Grandview Heights.

Upper Arlington has a median listing price of $450K, making it the most expensive neighborhood. South Linden is the most affordable neighborhood in Columbus with a median listing price of $59K. Even as Columbus's home prices have reached new heights, they are still near to the national average, and the market remains attractive to residential real estate investors. As they continue to compete for potential investment properties at the lower end of the market, the challenges for first-time homebuyers will remain. Millennial homebuyers can't outbid real estate investors and hence end up renting.

As with any real estate purchase, act wisely. Evaluate the specifics of the Columbus housing market at the time you intend to purchase. 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 Columbus.

Consult with one of the investment counselors who can help build you a custom portfolio of Columbus turnkey properties. These are “Cash-Flow Rental Properties” located in some of the best neighborhoods of Columbus.

Not just limited to Columbus or Ohio 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 Columbus turnkey real estate investments, we help you succeed by minimizing risk and maximizing profitability.

There are many other markets in the state of Ohio for real estate investing. Cincinnati is one of them. The Cincinnati real estate market is on the upswing and looking strong for the foreseeable future. It provides many opportunities for investors, regardless of the market you want to invest in. It is growing faster than the nation as a whole, though this is partially due to its recovery from a low point during the Great Recession. It is recovering home values and growth in cheap markets can yield the greatest ROI.

Cleveland is another good market to invest in real estate. Cleveland is a notable exception to the decline of the Rust Belt cities. It has managed to reinvent itself, shifting from classic manufacturing to biotech and medicine. In the process, it has maintained its population and has strong potential for growth both economically and demographically.

Similarly, you can also consider Akron for real estate investing. It also presents a great opportunity for real estate investors. Akron has been known as the “Rubber Capital of the World” for more than a century. It is home to around 200,000 people. However, the Akron real estate market is much larger than this. Include the suburbs and small towns that surround it, and the Akron housing market contains roughly 700,000 people. The Akron area has hit its low and is starting to appreciate. This is a safer choice than buying in depressed areas that may not recover anytime soon.

Dayton is the sixth-largest city in Ohio. The city is home to roughly 140,000 people. The metro Dayton Ohio housing market includes around 800,000 people. Home values are predicted to go up steadily in the next five to six years making Dayton a great place for real estate investing. The Dayton Ohio real estate market is one of the best deals in the Midwest. It balances affordable properties with strong future growth, a large rental market and stable property values, low carrying costs, and decent ROI.

Let us know which real estate markets you consider best for real estate investing! 

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Remember, caveat emptor still applies when buying a property anywhere. 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, Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US.

REFERENCES

Latest Market Data, Trends, and Statistics
https://www.columbusrealtors.com/housing-reports
https://www.zillow.com/Columbus-oh/home-values
https://www.neighborhoodscout.com/oh/columbus/real-estate
https://www.rentcafe.com/average-rent-market-trends/us/oh/columbus
https://www.realtor.com/realestateandhomes-search/Columbus_OH/overview

Overview/Demographics
https://en.wikipedia.org/wiki/Columbus,_Ohio
http://www.city-data.com/city/Columbus-Ohio.html

Hottest Housing Markets
https://www.realtor.com/research/october-2019-hottest-housing-markets
https://www.realtor.com/research/toughest-and-easiest-housing-markets-to-find-a-home

Low cost of living
https://realestate.usnews.com/places/ohio/columbus

Rebound
https://www.forbes.com/sites/adammillsap/2018/08/06/columbus-ohio-is-booming-but-will-it-last/#62a10ded25be

Real estate friendly policies
https://www.dispatch.com/business/20180713/columbus-wont-cap-rental-days-as-rules-for-airbnb-type-properties-near-finish-line

Landlord friendly
https://www.avail.co/education/laws/ohio-landlord-tenant-law
https://www.planetizen.com/news/2018/04/98435-which-states-are-most-renter-or-landlord-friendly

Student market
https://www.collegesimply.com/colleges-near/ohio/columbus

Taxes
https://smartasset.com/taxes/ohio-property-tax-calculator

Redevelopment
https://www.columbusunderground.com/the-top-10-columbus-urban-development-projects-of-2017
https://www.dispatch.com/news/20170810/downtown-development-boom-seems-endless-experts-say

Let’s take a look at the latest San Antonio real estate market trends. The pandemic has failed to slow down the San Antonio housing market. San Antonio area's housing market is hot as demand outpaces supply that prices keep hitting record highs. In November (latest report), the median price of a home increased 19 percent year over year to $307,200. The average price of a home increased by 17% to $359,545, according to data from the San Antonio Board of Realtors (SABOR), which serves Bexar and surrounding counties. San Antonio, though, remains cheaper than the rest of Texas.

The inventory of available homes continues to grow from previous months. It is presently approximately 1.6 months' worth of supply of homes, representing a strong seller's real estate market. According to local realtors, the new housing stock is growing faster than demand, though it has a long way to go to catch up. This scarcity of inventory, or available properties, is what keeps prices high and creates a seller's market. The time spent on the market now is about a month. In November, home sales were down by just 4% and homes spent an average of 32 days on the market, 17 days less than the previous November.

Apart from a low supply of available homes for sale in the San Antonio area, the next reason why the market is in a boom is that the population in the area continues to increase. The population in the five-county Austin metro jumped to an estimated 2,295,303 people as of July 1, 2020, according to U.S. Census Bureau figures.

That was an increase of 3% from the prior year, the fastest population growth among metros with at least 1 million people. 2020 was a great year for the 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. During the pandemic, prices and sales have surged in double-digits as buyers seize on low-interest rates and seek more space as they adjust to the new working from home culture.

San Antonio Real Estate Market Trends (Latest Report)

While November saw a decline in home sales, the San Antonio area still sold 3,027 homes, a 4% decrease from last November. The average home price increased by 17%, while the median price increased by 19%, with an average sales price of $359,545 and a median price of $307,200. In a continuing sellers' market, available inventory decreased to 1.6 months, according to data provided by the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS.

November saw a net increase of 3,323 new listings and a net increase of 5,437 active listings. On average, homes sat on the market for 32 days before selling. 99.5 percent of homes sold at their listed price, compared to 98.2 percent in November 2020. 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 the next six months. There is an extreme shortage of inventory which will accelerate real estate appreciation this year.

Bexar County saw a similar pattern, with 2,109 homes sold, a decrease of 6.5 percent from the previous year. The average home price in the county increased by 15.4 percent to $335,071, while the median increased by 18.7 percent to $292,000. In comparison, 30,415 homes were sold in the state of Texas, an increase of 2.3 percent from November 2020. The average home price in the state increased 15.2 percent in comparison to 2020 figures, reaching $387,338. There were 29,859 pending sales across the state, and 98.9 percent of homes sold for the listed price.

San Antonio 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.

• 3,027 single-family homes were sold in November, representing a 4% year-over-year decrease.
• The average home price was $359,545, which is a 17% year-over-year increase.
• The median home price was about $307,200, which is a 19% year-over-year increase.
• Days on market was 32, which is 17 days less than last year.
• 3,323 new homes were added to the market.
• 2,955 pending contracts were signed.

Are Houses Expensive in San Antonio, Texas?

Despite rising rents and home prices, San Antonio is the most affordable market in Texas. San Antonians pay significantly less for a home when compared to other major US metropolitan areas. According to “Housing Tides,” it takes just 21% of per capita monthly income to afford a home in the San Antonio-New Braunfels Metro (and that's actually down 0.02% since last year). Rent Price is $1,344 (+11.0% YoY) and rent to income ratio is 0.30.

The current median price is around $307,200. The monthly payment (principal plus interest) of a median-priced home at the current 30-year mortgage rate with a 20% downpayment would be $1,100/month. A good rule of thumb is that you shouldn't spend more than 28% of your gross monthly income toward paying your mortgage. Similarly, San Antonio also has a good rent-to-income ratio of 30%.

Although the high unemployment rate impacts the housing market the signs of recovery abound. As of November 2021, the unemployment rate in San Antonio-New Braunfels, TX (MSA) is 4.6%, compared to 4.7% the previous month and 6.5% last year. This is lower than the long-term average of 5.32%. The unemployment rate in San Antonio peaked in April 2020 at 13.8% and is now 9.2 percentage points lower.

San Antonio Real Estate Market Forecast 2022

What are the San Antonio real estate market predictions for 2021 & 2022? Let us look at the price trends recorded by Zillow over the past few years. 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.

Since Jan 2012, San Antonio-New Braunfels, TX home values have appreciated by nearly 91.3% — Zillow Home Value Index. ZHVI is not the median price of homes that are sold in a month within a geographic region. It is calculated by taking all estimated home values for a given region and month (Also called Zestimates), taking a median of those values, applying some adjustments to account for seasonality or errors in individual home estimates. It, therefore, represents the whole housing stock and not just the homes that list or sell in a given month.

By this calculation, the current typical home value of homes in San Antonio is $269,724. It indicates that 50 percent of all housing stock in the area is worth more than $269,724 and 50 percent is worth less (adjusting for seasonal fluctuations and only includes the middle price tier of homes). In Nov 2020, the typical value of homes in San Antonio was around $223K. Home values have gone up 20.8% over the past year.

Neighborhoodscout's data shows that San Antonio real estate appreciated 70.15% over the last ten years, which is an average annual home appreciation rate of 5.46%. This puts San Antonio in the top 20% nationally for real estate appreciation. During the latest twelve months, San Antonio's appreciation rate was 9.55%. In the latest quarter, it has been 2.47%, which annualizes to a rate of 10.24%.

It also corroborates Zillow's home value forecast for the San Antonio metro area. Looking at these statistics, it is a no-brainer that San Antonio home prices will continue to rise over the next twelve months. Clearly, for the long-term investment, you cannot ignore underestimating investing in San Antonio.

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-New Braunfels Metro or (Greater San Antonio) is an eight-county metropolitan area in Texas.
• Here, home values have gone up 20.8% over the past year and Zillow predicts they will rise 19% in the next twelve months.
• San Antonio home values have gone up 20.5% over the past year (current = $243,114) and will continue to rise over the next twelve months.
• New Braunfels home values have gone up 26.4% over the past year (current = $370,426) and will continue to rise over the next twelve months.
• Bexar County home values have also gone up 20.5% (current = $250,042) over the past year and will continue to rise over the next twelve months.

The chart below, created by Zillow, shows the growth of median home values since 2012 and their forecast until Nov 2022.

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 are 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 1.6 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 2022 (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.

How Did The San Antonio Housing Market Perform in 2020?

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.

Despite challenges with low inventory levels, the San Antonio real estate market shattered records and continued to perform well in 2020.  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.

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.

December 2020's housing market report by SABOR showed that San Antonio and its surrounding communities saw increases across all categories for 2020.

The average price of homes sold in 2020 was $294,106, with the median price for the year of $250,100. In all of Texas, the average price was $318,546, with a median of $260,000. In the greater San Antonio area, there were 44,376 new listings, and in Bexar County
specifically, through the year, there were 31,975 new listings. There were 448,793 new listings in the state of Texas in 2020.

In the county comparison, Bexar County's increase in home sales showed an 11.2 percent increase (27,855 homes in 2020 vs. 24,936 in 2019), which was a higher percentage increase than the other three major Texas counties. Travis County's home sales increased 3.2 percent (16,672 homes), with Harris County showing a 6.7 percent increase (49,338 homes), and Dallas County displaying a 4 percent increase (22,243 homes). The percentage increase is year over year from 2020 to 2019.

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 2021.

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.

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

Strong & diverse economy. Unemployment rate below 4%. A well-educated productive workforce. #2 recession-proof city. (Forbes) Lower business & lifestyle costs than others. Amazingly affordable real estate for investment. Single-family, duplexes, fourplexes. 1-year appreciation forecast of 15-20%. Around 40% of the residents are renters. The growing population fuels the rental demand. San Antonio is also known for its low cost of living.

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 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 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.

Disclaimer: Covid-19 may have impacted the San Antonio real estate market in a way that is not 100% accurately reflected here. When referencing the data published on this page for investment-related decisions, please keep in mind that the data provided here is not solely responsible for depicting the market's current reality.

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.

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 its 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 Trends: The average rent for a 1-bedroom apartment in San Antonio, TX is currently $1,081. This is a 14% increase compared to the previous year. Over the past month, the average rent for a studio apartment in San Antonio decreased by -1% to $1,183. The average rent for a 1-bedroom apartment decreased by -8% to $1,081, and the average rent for a 2-bedroom apartment decreased by -7% to $1,379.

• The average rent for a 2-bedroom apartment in San Antonio, TX is currently $1,379 (an 18% increase compared to the previous year).
• The average rent for a 3-bedroom apartment in San Antonio, TX is currently $1,750 (a 17% increase compared to the previous year).
• The average rent for a 4-bedroom apartment in San Antonio, TX is currently $2,100 (a 17% increase compared to the previous year).

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 is 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. On the other hand, a bad cash flow 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 179 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 $799K, 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 $490,000. Highland Hills is the most affordable neighborhood, with a median listing price of $170,000.

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 typical home value in Downtown San Antonio is $505,716 (Zillow) and home values have gone up 13.8% over the past year. The average rent for a 1-bedroom apartment in Downtown San Antonio, San Antonio, TX is currently $1,800. This is a 45% increase compared to the previous year.

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 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 $380,492 and home values have gone up 17.6% over the past year. The median listing home price in Oakland Estates was $510K in October 2021, trending up 72.9% year-over-year. The median listing home price per square foot was $209.

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 $327,902 (Zillow) and home values have gone up 18.3% over the past year.

The average rent for a 1-bedroom apartment in North Central Thousand Oaks, San Antonio, TX is currently $820. This is a 6% increase compared to the previous year (source: Zumper). Over the past month, the average rent for a 1-bedroom apartment in North Central Thousand Oaks increased by 3% to $820. The average rent for a 2-bedroom apartment decreased by -3% to $1,025.

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 $276,215 (Zillow) and home values have gone up by a whopping 20.5% over the past year.

The average rent for a 1-bedroom apartment in Beacon Hill, San Antonio, TX is currently $925. This is a 3% increase compared to the previous year (Zumper). 53% are renter-occupied households. Over the past month, the average rent for a 1-bedroom apartment in Beacon Hill decreased by -1% to $925. The average rent for a 2-bedroom apartment decreased by -3% to $1,400.

Here are the ten neighborhoods in San Antonio having the highest real estate appreciation rates since 2000—List by Neigborhoodscout.com.

1. E Houston St / N New Braunfels Ave
2. Buena Vista
3. State Loop / Hall Blvd
4. Fm Road 2696 / Dietz Elkhorn Rd
5. S Presa St / Sadie St
6. S Presa St / Florida St
7. City Center
8. Blanco Rd / W Magnolia Ave
9. S Main Ave / E Durango Blvd
10. U of the Incarnate Word / Broadway St

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 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 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. 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. It may be the second most expensive housing market in the state with a median home price of around $395,000, 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! 

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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, 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 taking 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
https://www.zumper.com/rent-research/san-antonio-tx
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/