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 and prices keep hitting record highs. In April 2022 (latest report), the median price of a home increased 23 percent year over year to $338,700. The average price of a home increased by 20% to $395,847, 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 1.2 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 and 7 days less than last year.
In April, home sales were down by 7.6% YoY. The average and median home prices in the San Antonio area continue to rise. 101,9% of listings sold for the asking price, with 1.2 months of inventory remaining. In addition, the price per square foot increased by 23 percent since April 2021. 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)
The San Antonio region experienced a slight decline in home sales in April. 7.6 percent fewer homes were sold in April 2022 than in April 2021, when 3,524 were sold. The average home price is currently $395,847, a 20% increase from the previous year. The median home price increased by 23 percent from the previous year to $338,700. As of the end of April, there were 4,260 new listings, 4,800 active listings, and 3,290 pending sales, according to data provided by the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS.
The San Antonio-New Braunfels MSA report revealed 3,308 closed sales, 4,276 new listings, 4,460 active listings, and 3,221 pending sales for the month of April. The number of days on the market decreased to 30 from 36 last April. The average home price in the region rose to $395,377. In addition, the median price increased to $327,000 from $275,000 the previous year.
Looking at these trends, the San Antonio housing market won't cool down anytime soon, not even in the next twelve months. There is an extreme shortage of inventory which will accelerate real estate appreciation this year. In April, Bexar County reported that the average home price in the region rose 16.4% to $364,275, while the median price rose 18.5% to $300,000. In total, 2,302 homes were sold in the Bexar County area.
That is a 7 percent decrease from April 2021. 102.4 percent of homes were sold for list price and the price per square foot increased to $174, up $28 from a year ago. The median home price in the state's other major counties increased as well. Median home prices in Travis County are $656,00, Harris County is $337,383, and Dallas County is at $380,000.
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.
- 3,255 single-family homes were sold in April of this year, representing an 8% year-over-year decrease.
- The average home price was $395,847, which is a 20% year-over-year increase.
- The median home price was about $338,700, which is a 23% year-over-year increase.
- Days on market were 31, which is 7 days less than last year.
- 4,260 new homes were added to the market.
- 3,290 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 the housing demand is 68.2 (healthy and improving) in the San Antonio-New Braunfels Metro (and that's actually down 0.02% since last year). Rent Price is $1,441 (+15.3% YoY) and rent to income ratio is 0.29.
The current median price is around $338,700 (SABOR). The monthly payment (principal plus interest) of a median-priced home at the current 30-year mortgage rate with a 20% downpayment would be $1,531/month. A good rule of thumb is that you shouldn't spend more than 28% of your gross monthly income toward paying your mortgage.
Although the high unemployment rate impacts the housing market the signs of recovery abound. As of April 2022, the unemployment rate in San Antonio-New Braunfels, TX (MSA) is 3.3%, compared to 5.4% 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 10.5 percentage points lower.
San Antonio Real Estate Market Forecast 2022-2023
What are the San Antonio real estate market predictions for 2022 & 2023? 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 the last decade (June 2012), San Antonio-New Braunfels, TX home values have appreciated by nearly 104% — 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, and 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 typical value of homes in San Antonio is $329,532. It indicates that 50 percent of all housing stock in the area is worth more than $329,532 and 50 percent is worth less (adjusting for seasonal fluctuations and only includes the middle price tier of homes). In April 2021, the typical value of homes in San Antonio was around $262K. Home values have gone up 25.5% over the past year.
Neighborhoodscout's data shows that San Antonio real estate appreciated 95.17% over the last ten years, which is an average annual home appreciation rate of 6.92%. This puts San Antonio in the top 20% nationally for real estate appreciation. During the latest twelve months, San Antonio's appreciation rate was 19.74%. In the latest quarter, it has been 8.51%, which annualizes to a rate of 38.65%.
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 25.5% over the past year and Zillow predicts they will rise 13.5% by the end of April 2023.
- San Antonio home values have gone up 24.9% over the past year (current = $293,022) and will continue to rise over the next twelve months.
- New Braunfels home values have gone up 32.6% over the past year (current = $408,781) and will continue to rise over the next twelve months.
- Bexar County home values have also gone up 25% (current = $298,024) 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.
There is a strong demand met with 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 1.2 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. This 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.
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
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 2022 & 2023? Rising prices may keep some from participating in the market, and 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 $1,100. This is a 22% increase compared to the previous year. Over the past month, the average rent for a studio apartment in San Antonio increased by 1% to $1,118. The average rent for a 1-bedroom apartment increased by 2% to $1,100, and the average rent for a 2-bedroom apartment increased by 3% to $1,425.
- The average rent for a 2-bedroom apartment in San Antonio, TX is currently $1,425 (a 29% increase compared to the previous year).
- The average rent for a 3-bedroom apartment in San Antonio, TX is currently $1,747 (a 13% increase compared to the previous year).
- The average rent for a 4-bedroom apartment in San Antonio, TX is currently $2,000 (a 6% 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.
When you compare the price mix of different Texas real estate markets, Houston and Fort Worth have seen a significant increase in homes costing between $200,000 to $400,000, while the San Antonio real estate market is skewed toward 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 177 neighborhoods in San Antonio where Realtor.com has active listings. 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, and Helotes, Lavaca, Tobin Hill, Highland Park, Monte Vista, and Elm Creek.
Downtown San Antonio has a median listing price of $699K, 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 $535.7K. Prospect Hill is the most affordable neighborhood, with a median listing price of $147.8K.
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 $581,232 (Zillow) and home values have gone up 17.4% over the past year. The average rent for a 1-bedroom apartment in Downtown San Antonio, San Antonio, TX is currently $1,500, and the average rent price for a 2-bedroom apartment for rent in Downtown San Antonio, TX is $2181.
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 typical home value in Oakland Estates is $387,865 and home values have gone up 24.6% over the past year. The median listing home price in Oakland Estates was $431.3K in April 2022, trending up 10.6% year-over-year. The median listing home price per square foot was $251.
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 typical home value in North Central Thousand Oaks is $364,529 (Zillow) and home values have gone up 22.3% 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 3% 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 -22% to $1,030.
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 typical home value in Beacon Hill is $309,983 (ZHVI) and home values have gone up by 22% over the past year.
The average rent for a 1-bedroom apartment in Beacon Hill, San Antonio, TX is currently $950. This is a 6% 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 increased by 4% to $950. The average rent for a 2-bedroom apartment increased by 10% to $1,698.
Here are the ten neighborhoods in San Antonio having the highest real estate appreciation rates since 2000—List by Neigborhoodscout.com.
- Dignowity Hill
- Mission Del Lago / Villa Coronado
- Thompson Community West
- Downtown South
- Roosevelt Park North
- King William
- Monticello Park
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!
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 study, 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.
Market Data, Reports & Forecasts
Reasons to consider investing in San Antonio
Neighborhoods & Real Estate Data