Mashvisor Home

Discover

San Antonio

San Antonio is a major city in south-central Texas. With a population of over 1.5 million people, it is the 7th most populous city in the United States and the 2nd most populous city in both Texas and the Southern United States. The city is expected to experience a population growth rate that is over two times the national rate, which is highly beneficial to current and future San Antonio real estate investors. According to NeighborhoodScout, more than 45% of residents in the city live in rental properties as opposed to owning their own homes, meaning the tenant pool for rental properties is large. Investing in a San Antonio rental property is, therefore, a great option.

Alamo City enjoys a healthy and diversified economy, with a highly-skilled workforce and strong employment growth. The defense industry is the largest employer in the region, employing over 89,000 workers. With three Air Force bases and one Army post, San Antonio is home to one of the largest concentrations of military bases in the US. The life science and healthcare sector accounts for the largest part of the city's economy, contributing approximately $40 billion to the area in 2017. Home to the South Texas Medical Center, San Antonio features a diverse mix of healthcare systems, hospitals, life science companies, research facilities, and higher education institutions.

San Antonio is the headquarters of many Fortune 500 companies, including Valero Energy Corp., Andeavor, USAA, and iHeartMedia.  It is also the headquarters of many other companies, spanning across various industries including financial services, cybersecurity and technology, new energy, aerospace, and advanced manufacturing. San Antonio’s central location within the US and business-friendly climate make it a prime destination for business relocation and expansion, and also a hub for new startups. 

San Antonio is one of America’s most popular tourist destinations, drawing more than 34 million visitors a year. The Alamo Mission in Downtown San Antonio is the top tourist attraction in Texas. Another famous landmark in the city is the River Walk, a 15-miles long walkway along the San Antonio River lined with shops, restaurants, boat tours, and hotels. Other attractions in the city include SeaWorld San Antonio, Six Flags Fiesta Texas, San Antonio Missions National Historical Park, and San Antonio Zoo. 


The San Antonio real estate market was ranked among the Top 20 US Markets to Watch by PWC in its annual Emerging Trends in Real Estate: United States and Canada 2019 report. According to the report, the strong local job market and the high concentration of young people were the main reasons behind property investors’ increasing confidence in the performance of the San Antonio housing market.  In fact, San Antonio has been attracting millennials and younger generations in recent years, and this increasing young population has been supporting economic growth in the city. Nevertheless, the rising housing costs were cited as an area of concern.

San Antonio Realtors and Real Estate Agents

Select agents


San Antonio  Real Estate Investment Performance
Facts and Market Trends in San Antonio
Homes For Sale1,605
Airbnb Properties1,782
Rental Properties6,377
Traditional Vacancy rate9.90%
Airbnb Occupancy Rate58.12%
Mashmeter66.45%
Median Price$265,000
Median Rent Price$1,502
Price/sqft$295
Median Days on Market61
Price to Rent Ratio17.4
Average Cap Rate
Airbnb3.22%
Traditional2.23%
Average Rental Income
Airbnb$2,225
Traditional$1,433
 
Median Household Income$56,774
Population1,532,233
Transportation in San Antonio
38 / 100
Car-Dependent
36 / 100
Some Transit
42 / 100
Somewhat Bikeable
San Antonio  Rent Prices
RENTAL STRATEGY STUDIOS 1 ROOM 2 ROOMS 3 ROOMS 4 ROOMS
Airbnb$1,070$1,322$1,615$2,340$3,259
Traditional$831$952$1,146$1,415$1,744
San Antonio, TX - Homes for Sale - Newly Listed
$265,000
MLS 1520215
10423 ROSEWOOD CRK
San Antonio, TX 78245
Park Place
Single Family Residential
4 beds3 baths2,540 sq.ft.
CAP RATE
Trad. 2.72%Airbnb 4.21%
$226,000
MLS 1520352
10763 JUNIPER PASS
San Antonio, TX 78254
Hidden Meadow
Single Family Residential
3 beds3 baths1,582 sq.ft.
CAP RATE
Trad. 3.21%Airbnb 0.10%
$650,000
MLS 1520260
111 WOODCREST DR
San Antonio, TX 78209
Oak Park
Single Family Residential
4 beds2 baths2,514 sq.ft.
CAP RATE
Trad. -0.08%Airbnb -0.97%
$439,000
MLS 1520153
13810 KOTILI LN
San Antonio, TX 78245
Trophy Ridge
Single Family Residential
4 beds3 baths3,140 sq.ft.
CAP RATE
Trad. 0.88%Airbnb 2.12%
Top Performing San Antonio Properties
$225,000
MLS 1516228
2610 NIGHT STAR
San Antonio, TX 78245
Rainbow Hills
Single Family Residential
3 beds2 baths1,504 sq.ft.
CAP RATE
Trad. 2.76%Airbnb 7.97%
$200,000
MLS 1515154
314 E THEO AVE
San Antonio, TX 78214
Roosevelt Park
Single Family Residential
3 beds1 baths1,170 sq.ft.
CAP RATE
Trad. 2.74%Airbnb 7.94%
$185,000
MLS 1518182
530 Sprucewood Ln
San Antonio, TX 78216
Shearer Hills - Ridgeview
Single Family Residential
3 beds2 baths1,118 sq.ft.
CAP RATE
Trad. 3.58%Airbnb 7.93%
$485,900
MLS 434645
9412 Cactus Canyon
San Antonio, TX 78254
The Heights at Stone Oak II
Single Family Residential
4 beds3 baths2,728 sq.ft.
CAP RATE
Trad. 1.97%Airbnb 7.92%
Recently Sold Homes in San Antonio, TX
$630,000
MLS 1511622
210 HUNSTOCK AVE
San Antonio, TX 78210
Lavaca
Multi Family
0 beds5 baths3,260 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$630,000
MLS 1511605
204 HUNSTOCK AVE
San Antonio, TX 78210
Lavaca
Multi Family
0 beds5 baths3,260 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$160,000
MLS 1519282
501 WESTWOOD DR
San Antonio, TX 78212
Edison
Multi Family
0 beds2 baths1,445 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
$225,000
MLS 1517267
327 W BAYLOR
San Antonio, TX 78204
Collins Garden
Multi Family
0 beds2 baths1,642 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Property Value Changes and Real Estate Appreciation in the San Antonio Housing Market

The San Antonio real estate market has witnessed a strong real estate appreciation in recent years. Since Q1 of 2000, San Antonio properties have experienced a total appreciation of 115.22% according to NeighborhoodScout, which is an average annual home appreciation rate of 4.06%. Property value is still climbing in the San Antonio housing market as Zillow reports an appreciation of 5.7% over the past year. This housing market trend is expected to continue, which makes San Antonio a hot seller’s market with large opportunities for long-term return on investment. 

There is a limited number of homes for sale on the market, while demand from homebuyers and real estate investors continues to rise as the population grows. This shortage of housing supply is what contributes to the high real estate appreciation that a San Antonio real estate investor will enjoy.

San Antonio, TX Top Multi Family Homes
$143,000
MLS 1496695
1509 S GEVERS ST
San Antonio, TX 78210
Denver Heights
Multi Family
0 beds3 baths2,389 sq.ft.
CAP RATE
Trad. 4.99%Airbnb N/A
$190,000
MLS 1513717
1412 WHITMAN AVE
San Antonio, TX 78211
Tierra Linda
Multi Family
0 beds2 baths1,636 sq.ft.
CAP RATE
Trad. 3.41%Airbnb N/A
$230,000
MLS 1501204
911 Edison Dr
San Antonio, TX 78201
Edison
Multi Family
0 beds2 baths1,249 sq.ft.
CAP RATE
Trad. 3.34%Airbnb N/A
$270,000
MLS 417519
210 Wilkens Avenue
San Antonio, TX 78210
Roosevelt Park
Multi Family
0 beds0 baths2,185 sq.ft.
CAP RATE
Trad. 3.00%Airbnb N/A
Homes Below Median Price in the San Antonio, TX Real Estate Market
$225,000
MLS 1516228
2610 NIGHT STAR
San Antonio, TX 78245
Rainbow Hills
Single Family Residential
3 beds2 baths1,504 sq.ft.
CAP RATE
Trad. 2.76%Airbnb 7.97%
$200,000
MLS 1515154
314 E THEO AVE
San Antonio, TX 78214
Roosevelt Park
Single Family Residential
3 beds1 baths1,170 sq.ft.
CAP RATE
Trad. 2.74%Airbnb 7.94%
$185,000
MLS 1518182
530 Sprucewood Ln
San Antonio, TX 78216
Shearer Hills - Ridgeview
Single Family Residential
3 beds2 baths1,118 sq.ft.
CAP RATE
Trad. 3.58%Airbnb 7.93%
$485,900
MLS 434645
9412 Cactus Canyon
San Antonio, TX 78254
The Heights at Stone Oak II
Single Family Residential
4 beds3 baths2,728 sq.ft.
CAP RATE
Trad. 1.97%Airbnb 7.92%
San Antonio Airbnb Growth and Regulations

Considering the importance of tourism in San Antonio, it comes as no surprise that the San Antonio Airbnb business has witnessed major growth in recent years. Nearly 420,000 guests stayed at short-term rental properties in the greater San Antonio region in 2018. Two-thirds of those were in Bexar County, the county where San Antonio is located, where the local Airbnb hosts earned a total of $27.6 million in income. 

The San Antonio City Council passed an ordinance in November 2018 that officially regulates and legalizes short-term rentals in the city. The ordinance requires San Antonio Airbnb operators to register with the city by applying for a Short-Term Rental Permit. The permit costs $100 and must be renewed every three years at that same fee. 

The City of San Antonio recognizes two types of vacation home rentals. Airbnb hosts have the possibility of renting out their primary residence to guests while residing on-site (Type 1 short-term rental), or they can choose to operate a non-owner occupied short-term rental (Type 2 short-term rental). Nevertheless, the law limits how many Type 2 rentals can exist within a certain area. Only one Type 2 rental is permitted in a multi-family property with less than 8 units. If the property is more than 8 units and on a residential block, Type 2 rentals are limited to no more than 12.5% of housing. If the limit is reached, hosts can ask for a special exception from the Board of Adjustments.


San Antonio Airbnb hosts must pay a 16.75% hotel occupancy tax that includes a 6% state lodging tax, 9% San Antonio city lodging tax, and a 1.75% Bexar County lodging tax. Note that the Airbnb platform collects the state occupancy tax on behalf of its operators, but not the county or city taxes. Other short-term rental platforms do not collect any taxes for their hosts. Therefore, hosts need to make sure to collect all the relevant taxes from guests and pay them to the city.

San Antonio, TX Top Airbnb Homes
$75 per night
$105 per night
$86 per night
$51 per night
Entire home/apt · 3 beds
STUDIO Pvt Entry-BREAKFAST + SNACKS
499
San Antonio, TX Homes for Rent
$1,750
MLS 1520170
$1,395
MLS 1520341
142 FORDHAM AVE
San Antonio, TX
University Park
Single Family
3 beds2 baths1,324 sq.ft.
$850
MLS 1519925
7414 CLINT LN #205
San Antonio, TX
Mission San Jose
Apartment
2 beds1 baths7,728 sq.ft.
$2,200
MLS 1520014
San Antonio, TX Open Houses
Open 3 PM to 5 PM
$365,000
MLS 4519333
13178 Maridell PARK
San Antonio, TX 78253
North San Antonio Hills
Single Family Residential
4 beds4 baths2,795 sq.ft.
CAP RATE
Trad. 2.33%Airbnb 2.26%
Open 1 PM to 3 PM
$405,000
MLS 1514952
431 HAYS ST
San Antonio, TX 78202
Dignowity Hill
Single Family Residential
3 beds2 baths1,422 sq.ft.
CAP RATE
Trad. 1.09%Airbnb 0.80%
Open 2 PM to 4 PM
$225,000
MLS 433547
102 Fantasia Street
San Antonio, TX 78216
Greater Harmony Hills
Single Family Residential
3 beds3 baths1,976 sq.ft.
CAP RATE
Trad. 3.53%Airbnb 5.15%
Open 11 AM to 3 PM
$239,900
MLS 1510895
1319 Hummingbird
San Antonio, TX 78245
Trophy Ridge
Single Family Residential
4 beds2 baths1,694 sq.ft.
CAP RATE
Trad. 3.53%Airbnb 5.80%
Best San Antonio Neighborhoods for Buying Investment Property
68%
Mashmeter
property price
$172,500
Median
cap rate
7.31%
Traditional
14.41%
Airbnb
rental income
$1,050
Traditional
$2,072
Airbnb
homes for sale
4
occupancy rate
53%
Airbnb
67%
Mashmeter
property price
$372,000
Median
cap rate
5.59%
Traditional
7.21%
Airbnb
rental income
$1,734
Traditional
$2,235
Airbnb
homes for sale
14
occupancy rate
55%
Airbnb
67%
Mashmeter
property price
$225,000
Median
cap rate
5.66%
Traditional
12.74%
Airbnb
rental income
$1,062
Traditional
$2,388
Airbnb
homes for sale
9
occupancy rate
54%
Airbnb
66%
Mashmeter
property price
$262,500
Median
cap rate
5.72%
Traditional
11.11%
Airbnb
rental income
$1,251
Traditional
$2,431
Airbnb
homes for sale
0
occupancy rate
65%
Airbnb
66%
Mashmeter
property price
$600,000
Median
cap rate
3.73%
Traditional
4.65%
Airbnb
rental income
$1,867
Traditional
$2,326
Airbnb
homes for sale
2
occupancy rate
65%
Airbnb
All San Antonio Neighborhoods