San Antonio, Texas, currently ranked the 8th largest city in the United States, is visited by 20 million tourists each year. It is famous for its Riverwalk, the Alamo, the Tower of The Americas, and the three-time NBA Champion Spurs basketball team. SBC Communications, Tesoro Petroleum Corp, and Clear Channel Communications are all headquartered in San Antonio, providing many residents with jobs.
San Antonio is the fastest growing large city in Texas. More than 1.3 million people now call San Antonio home, an increase of nearly 20 percent since 2000. Along with the growing population there is a greater demand for affordable housing, especially San Antonio rental properties.
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| Population 1,144,646 | Median Age 31.7 yrs | Household Size: 2.77 |
| Avg Home Value: $68,800 | July High: 94.6°F | January Low: 39.0°F |
San Antonio Rental Properties
Currently thirty-seven percent of homes in San Antonio are rental units. The growth of San Antonio as a city has spurred a rise in new homes being built, and new rental properties as well. San Antonio rental properties are also great opportunities for investment. Many of these homes are duplexes in the older sections of the city adjacent to Interstate 10. These duplexes are surprisingly affordable. A 950 square-foot duplex on Polaris Street, for example, recently went on the market for $38,000. This unit is within walking distance of St. Phillips College, and may appeal to students. Larger duplexes are slightly more expensive; a 1,800 square-foot unit on Bailey Avenue is listed at $59,000.
Four-unit buildings are another large part of San Antonio rental properties. Prices for these building vary depending on location. An older four-plex north of the downtown area on Blanco Road is listed at $119,000 and rents for around $425 per month. A newly refurbished four-plex near Fort Sam Houston is listed at $149, 900. Buildings outside the Interstate 410 Beltway are typically more expensive; a 3,000 square-foot four-plex on Baywood Drive recently went on the market for $165,000. Rents in this building range between $400 and $475 per month.
There are also several large rental buildings for sale in San Antonio. Prices for buildings with more than ten units typically exceed $400,000. An 11-unit building on South Terrell Road, for example, is listed at $450,000 and rents for around $500 per month.
As you can see, there are plenty of options available for those interested in San Antonio rental properties. Get in touch with a local real estate agent today and begin your search.
By: Isaac Larson
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®