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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.

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San Antonio  Real Estate Investment Performance
Facts and Market Trends in San Antonio
Homes For Sale3,118
Airbnb Properties1,159
Rental Properties4,615
Traditional Vacancy rate5.50%
Airbnb Occupancy Rate54.77%
Mashmeter63.11%
Median Price$277,182
Median Rent Price$1,499
Price/sqft$205
Median Days on Market76
Price to Rent Ratio14.9
Average Cap Rate
Airbnb3.77%
Traditional1.15%
Average Rental Income
Airbnb$2,628
Traditional$1,548
 
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$1,330$1,480$1,694$2,228$3,248
Traditional$764$901$1,141$1,463$1,737
San Antonio, TX - Homes for Sale - Newly Listed
Investment Properties for Sale
$199,900
MLS 1423893
9606 SHETLAND CT
San Antonio, TX 78254
Saddlebrook Farms
Single Family Residential
3 beds2 baths1,577 sq.ft.
CAP RATE
Trad. 1.82%Airbnb 5.33%
Investment Properties for Sale
$298,999
MLS 1423954
15063 Gelding Hts
San Antonio, TX 78245
Trophy Ridge
Single Family Residential
3 beds2 baths1,938 sq.ft.
CAP RATE
Trad. -0.14%Airbnb 2.40%
Investment Properties for Sale
$265,000
MLS 1424006
11502 Brae Hill
San Antonio, TX 78249
Stonefield
Single Family Residential
3 beds2 baths1,855 sq.ft.
CAP RATE
Trad. 0.43%Airbnb 2.64%
Investment Properties for Sale
$290,000
MLS 1424035
8123 Rockwell Vista
San Antonio, TX 78249
Fieldstone
Single Family Residential
4 beds3 baths2,860 sq.ft.
CAP RATE
Trad. 1.12%Airbnb 1.28%
Top Performing San Antonio Properties
Investment Properties for Sale
$208,900
MLS 1423016
11422 Dodson Trail
San Antonio, TX 78245
Trophy Ridge
Single Family Residential
4 beds2 baths1,738 sq.ft.
CAP RATE
Trad. 2.47%Airbnb 7.99%
Investment Properties for Sale
$230,000
MLS 1423260
1002 MAGNOLIA Summit
San Antonio, TX 78251
Sierra Springs
Single Family Residential
4 beds3 baths2,763 sq.ft.
CAP RATE
Trad. 0.90%Airbnb 7.99%
Investment Properties for Sale
$184,900
MLS 1400033
706 Avant Ave
San Antonio, TX 78210
Highland Park
Single Family Residential
3 beds2 baths1,250 sq.ft.
CAP RATE
Trad. 1.89%Airbnb 7.98%
Investment Properties for Sale
$230,000
MLS 1401350
5414 STORMY SKIES
San Antonio, TX 78247
Spring Creek Neighborhood Alliance
Single Family Residential
4 beds3 baths2,796 sq.ft.
CAP RATE
Trad. -0.09%Airbnb 7.96%
Recently Sold Homes in San Antonio, TX
Investment Properties for Sale
$380,000
MLS 394227
1502 S Walters
San Antonio, TX 78210
Arena District
Multi Family
0 beds0 baths0 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$485,000
MLS 1418979
319 E COURTLAND PL
San Antonio, TX 78212
Tobin Hill
Multi Family
0 beds4 baths2,146 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$335,000
MLS 1395082
4110 Swans Landing #2
San Antonio, TX 78217
Perrin Park
Multi Family
0 beds6 baths2,730 sq.ft.
CAP RATE
Trad. N/AAirbnb N/A
Investment Properties for Sale
$335,000
MLS 1421075
4122 Swans Landing #1
San Antonio, TX 78217
Perrin Park
Multi Family
0 beds6 baths2,730 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
Investment Properties for Sale
$68,000
MLS 1418880
3310 PEREZ ST
San Antonio, TX 78207
Prospect Hill
Multi Family
0 beds2 baths1,336 sq.ft.
CAP RATE
Trad. 7.44%Airbnb N/A
Investment Properties for Sale
$99,990
MLS 1386247
123 BELDEN AVE
San Antonio, TX 78214
Mission San Jose
Multi Family
0 beds5 baths2,112 sq.ft.
CAP RATE
Trad. 4.68%Airbnb N/A
Investment Properties for Sale
$154,900
MLS 1405807
207 GREER ST
San Antonio, TX 78210
Highland Park
Multi Family
0 beds2 baths1,896 sq.ft.
CAP RATE
Trad. 4.22%Airbnb N/A
Investment Properties for Sale
$100,000
MLS 1411366
1120 S GEVERS ST
San Antonio, TX 78210
Arena District
Multi Family
0 beds2 baths1,494 sq.ft.
CAP RATE
Trad. 3.77%Airbnb N/A
Homes Below Median Price in the San Antonio, TX Real Estate Market
Investment Properties for Sale
$208,900
MLS 1423016
11422 Dodson Trail
San Antonio, TX 78245
Trophy Ridge
Single Family Residential
4 beds2 baths1,738 sq.ft.
CAP RATE
Trad. 2.47%Airbnb 7.99%
Investment Properties for Sale
$230,000
MLS 1423260
1002 MAGNOLIA Summit
San Antonio, TX 78251
Sierra Springs
Single Family Residential
4 beds3 baths2,763 sq.ft.
CAP RATE
Trad. 0.90%Airbnb 7.99%
Investment Properties for Sale
$184,900
MLS 1400033
706 Avant Ave
San Antonio, TX 78210
Highland Park
Single Family Residential
3 beds2 baths1,250 sq.ft.
CAP RATE
Trad. 1.89%Airbnb 7.98%
Investment Properties for Sale
$230,000
MLS 1401350
5414 STORMY SKIES
San Antonio, TX 78247
Spring Creek Neighborhood Alliance
Single Family Residential
4 beds3 baths2,796 sq.ft.
CAP RATE
Trad. -0.09%Airbnb 7.96%
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
San Antonio Airbnb
$57 per night
Entire home/apt · 1 bed
Cozy Historic Private Studio
654
San Antonio Airbnb
$75 per night
San Antonio Airbnb
$55 per night
Entire home/apt · 1 bed
HISTORIC PARK, PRIVATE GUESTHOUSE*****
499
San Antonio Airbnb
$82 per night
San Antonio, TX Homes for Rent
Investment Properties for Sale
$895
MLS 1423854
1211 HAMMOND AVE #A
San Antonio, TX
Sunny Slope
Multi Family
2 beds1 baths825 sq.ft.
Investment Properties for Sale
$1,100
MLS 1423977
214 VILLAREAL ST
San Antonio, TX
Sunny Slope
Single Family
3 beds1 baths1,140 sq.ft.
Investment Properties for Sale
$1,795
MLS 1423860
Investment Properties for Sale
$1,795
MLS 1423860
San Antonio, TX Open Houses
Investment Properties for Sale
Open 11 AM to 2 PM
$200,000
MLS 1421536
8107 New World
San Antonio, TX 78239
Property Owners of Northhampton
Other
4 beds2 baths2,242 sq.ft.
CAP RATE
Trad. 1.64%Airbnb 7.01%
Investment Properties for Sale
Open November-7-2019 08 AM to November-7-2019 08 PM
$186,000
MLS 1420749
10414 Cub Valley
San Antonio, TX 78251
Sierra Springs
Single Family Residential
3 beds2 baths1,578 sq.ft.
CAP RATE
Trad. 1.70%Airbnb 7.42%
Investment Properties for Sale
Open 2 PM to 4 PM
$285,000
MLS 39165573
3227 Harmony Creek Lane
San Antonio, TX 77386
Avenida Guadalupe
Townhouse
3 beds3 baths2,740 sq.ft.
CAP RATE
Trad. -0.15%Airbnb 0.69%
Investment Properties for Sale
Open November-9-2019 01 PM to November-9-2019 03 PM
$205,000
MLS 1417462
9538 FALL PASS ST
San Antonio, TX 78251
Heritage
Single Family Residential
3 beds3 baths2,431 sq.ft.
CAP RATE
Trad. 0.17%Airbnb 4.68%
Best San Antonio Neighborhoods for Buying Investment Property
65%
Mashmeter
property price
$437,000
Median
cap rate
5.31%
Traditional
7.73%
Airbnb
rental income
$1,934
Traditional
$2,814
Airbnb
homes for sale
9
occupancy rate
55%
Airbnb
66%
Mashmeter
property price
$474,500
Median
cap rate
3.89%
Traditional
7.67%
Airbnb
rental income
$1,539
Traditional
$3,033
Airbnb
homes for sale
3
occupancy rate
55%
Airbnb
66%
Mashmeter
property price
$422,500
Median
cap rate
4.34%
Traditional
8.02%
Airbnb
rental income
$1,527
Traditional
$2,822
Airbnb
homes for sale
16
occupancy rate
59%
Airbnb
62%
Mashmeter
property price
$289,000
Median
cap rate
5.95%
Traditional
7.81%
Airbnb
rental income
$1,434
Traditional
$1,881
Airbnb
homes for sale
24
occupancy rate
55%
Airbnb
69%
Mashmeter
property price
$287,450
Median
cap rate
4.49%
Traditional
8.01%
Airbnb
rental income
$1,075
Traditional
$1,918
Airbnb
homes for sale
6
occupancy rate
59%
Airbnb
All San Antonio Neighborhoods