Market Analysis

San Antonio Rental Market

Rental investment market data and analysis · Updated October 2026

Median Home Price

$262,975

Average Monthly Rent

$1,663

Estimated Cap Rate

7.6%

Rent-to-Price Ratio

0.6%

Below 1% Rule

Rent ÷ price by zip code

0 of 4 clear the 1% rule · October 2026

ZipMedian priceMedian rentRent ÷ price
78210$219,000$1,3000.59%
78228$215,000$1,2500.58%
78245$306,950$1,7000.55%
78205$660,000$2,4000.36%

Rent ÷ price over time

PacRent rent-to-price index · San Antonio

0.57%0.83%1.10%1% RULEOctOctOct
Latest reading 0.63% · 3 monthly readings

Context · FRED home price index

Market Trends

San Antonio metro area — % change since 2018

Home Prices

+62.9%

Rent Index

+36.2%

-2%12%25%39%53%66%20182020202220242026

Average Rent by Bedroom

BedroomsAvg Rent
Apartment$1,038/mo
Manufactured$1,125/mo
Multi-Family$1,150/mo
Townhouse$1,373/mo
Condo$1,665/mo
Single Family$2,075/mo

Sample Investment Analysis

Based on median price + average rent, 20% down, 6.8% rate, 30yr

Purchase Price$262,975
Down Payment (20%)$52,595
Monthly P&I$1,372
Monthly Rent$1,663
Est. NOI$11,974/yr
Est. Cash Flow-$374/mo
Cash on Cash-7.8%

The San Antonio market is cash-flow negative at median prices. Look for properties 15-20% below median or with value-add potential.

What Investors Should Know About San Antonio

  • 1Strong cap rates above 7% — excellent cash flow potential
  • 21% Rule fails at median prices — need rent of $2,630/mo to pass
  • 3Below-average rents keep entry costs low for new investors

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