Are you looking to invest in San Antonio real estate? Wondering what the market trends are? You’ve come to the right place. In this blog post, we’ll discuss recent trends and give you our take on where the market is heading. So, whether you’re a San Antonio native or you’re thinking about investing in San Antonio property, here’s what you should know!
San Antonio Market Trends and Insights
San Antonio enjoys one of the strongest economies in the country, with major employers including the oil and gas industry, healthcare, and financial services.
Low Unemployment Rate
Substantial demand for skilled employees is driving the San Antonio rental property market up. San Antonio is also home to major military bases, which drives demand for homes for sale.
Major Relocation Center
Although home sale prices have increased by 17 percent in the last year, San Antonio continues to have one of the most affordable real estate markets in the country. The strong economy, low unemployment rate, and low cost of living make San Antonio one of the top cities for relocation.
Growth in Housing Developments
The high demand for properties in San Antonio is driving the construction industry to satisfy the demand with new housing projects. Potential investment opportunities abound on the northside of San Antonio, where land is available for purchase at attractive prices. The south side is also attractive for investment; the downside is a lower rate of infrastructure development. San Antonio investors are also building residential properties to meet the high demand from military retirees.
Tight Rental Market
Generation Z comprises the highest rate in rental housing units, making one and two-bedroom apartments a hot commodity.
Looking to Invest in Real Estate in San Antonio?
Due to San Antonio’s continued population growth and increasing economic opportunities, the real estate market will continue growing strong. The city is seeing an influx of people from other parts of the country, and this migration shows no signs of slowing soon. San Antonio is a great place to live and invest in real estate. Call us today at (210) 257-9788 to find exciting investment opportunities!