Market Analysis

San Antonio, Texas

Rental investment market data and analysis · Updated June 2026

Median Home Price

$278,995

Average Monthly Rent

$1,750

Estimated Cap Rate

7.5%

Rent-to-Price Ratio

0.6%

Below 1% Rule

Market Trends

San Antonio metro area — % change since 2018

Home Prices

+62.6%

Rent Index

+36.2%

-2%12%26%39%53%67%20182020202220242026

Average Rent by Bedroom

BedroomsAvg Rent
Apartment$1,066/mo
Townhouse$1,185/mo
Multi-Family$1,232/mo
Manufactured$1,277/mo
Condo$1,779/mo
Single Family$2,056/mo

Sample Investment Analysis

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

Purchase Price$278,995
Down Payment (20%)$55,799
Monthly P&I$1,455
Monthly Rent$1,750
Est. NOI$12,600/yr
Est. Cash Flow-$405/mo
Cash on Cash-7.9%

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 $2,790/mo to pass
  • 3Below-average rents keep entry costs low for new investors

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