There's no denying that Texas is the place to live. And with San Antonio's real estate market booming, now is the time to buy. We chatted with longtime Realtor and president of the Phyllis Browning Company, Jennifer Shemwell, to get a little insight on the local housing market and the top neighborhoods to live.
"Sales are up citywide by 5 percent in August compared to August sales one year ago," notes Shemwell, adding that the "average home price has increased 7 percent in San Antonio overall."
Most of the neighborhoods on our list are in San Antonio historic districts, close to downtown, and easily accessible to many shops and restaurants. Here are the top five neighborhoods for investing right now:
Alamo Heights: 78209
"Alamo Heights seems to always be increasing its value; it seems to be one of the highest returns in the city and fastest resale areas in town," Shemwell says. Bonus: Alamo Heights is its own city with its own school district, fire department, and police department.
Dignowity Hill: 78202
Dignowity Hill is a great neighborhood for residents who want to be in proximity to downtown San Antonio. Shemwell explains that the homes in this hot neighborhood are very affordable — some priced under $200,000 — and great fixer-uppers.
Government Hill: 78208
"Government Hill is a historic neighborhood with affordable homes located between downtown and the Pearl Brewery area," Shemwell says. This two-bedroom home is priced at $174,900.
Lavaca: 78210
Many historic homes in this neighborhood — within walking distance to restaurants in Southtown — have been remodeled, notes Shemwell. The area is popular for younger homebuyers who "like to be able to live in urban areas and like to walk their dogs to restaurants and sidewalk cafes," she says.
Mahncke Park: 78209
"Mahncke park has a strong neighborhood association and is located right off Broadway, conveniently located close to Fort Sam Houston, downtown, and Alamo Heights," Shemwell explains. Most of the homes in Mahncke Park were built in the early 20th century and are between 1,000 to 2,000 square feet.
Alamo Heights is continuously increasing in value.
