Real Estate Rumblings

San Antonio home prices predicted to grow in 2020, real estate experts say

San Antonio home prices are predicted continue to grow in 2020.

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Experts agree: San Antonio's hot housing market will continue in 2020. In a survey conducted by real estate marketplace Zillow and Pulsenomics, industry experts predicted home values in San Antonio will outperform much of the nation this year.

The report predicts San Antonio will be a top-10 housing market, landing at No. 7 behind Austin (No. 1); Charlotte, North Carolina (No. 2); Atlanta (No. 3); Nashville; (No. 4); Dallas and Phoenix (tied at No. 5); and Denver (No. 6).

To find the results, Zillow asked 110 U.S. economists and real estate experts to rate 25 American cities based on where they expected home values to grow. Overall, experts predict home values to grow by 2.8 percent across the country this year.

San Antonio scored 32 on a list dominated by cities in Texas and across the South. Forty-four percent of respondents expect San Antonio home values to outperform the national average while the exact same number expect them to stay the same. Just 12 percent expect the Alamo City to see a decline in home values this year.

Unlike Texas, home values in California's biggest cities — San Francisco, San Jose, and Los Angeles — were all predicted to fall in 2020.

"And panelists didn’t just expect those large California markets to underperform, but maybe still grow slightly — in many cases, they said they expected the typical home values in those places to outright fall, ending 2020 lower than where they began the year," Zillow says in a release. "Panelists, 42 total, who thought at least one major metro would see falling home values in 2020 generally agreed that California markets would make that list."

But since this is Texas, let's focus on that, shall we? Across the state, major cities will continue to see rising home values, Zillow predicts.

Booming Austin ranked No. 1, scoring 76, the highest on the list and 17 points higher than the second-ranked Charlotte, which scored 59. Atlanta and Nashville scored 51 and 49, respectively.

Dallas scored only slightly higher (34) than San Antonio. Just 36 percent expect Dallas' home values to stay the same, and only 15 percent expect them to underperform. Charlotte was the only city where no expert polled expected a decline in home prices this year.

Houston ranked the lowest of the Texas cities on the list, earning a score of 10 and just 32 percent of experts predicting that home values will outpace the rest of the country. The majority believe Houston home prices will either pace with the rest of the country (44 percent) or fall behind (22 percent).

zillow reports

bang for your buck

San Antonio ZIP code is 4th most affordable place for renters in U.S.

Photo by Florian Schmid on Unsplash

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Trying to afford buying a home in San Antonio is difficult enough with current mortgage rates, and doubly so if you're already paying high rent on an apartment or a house. But there are six San Antonio ZIP codes where renters can get the most bang for their buck, according to a new study by financial services company CashNetUSA.

To find the most affordable ZIP codes for renters in the U.S., analysts compared median household incomes by ZIP code to the average annual rent costs in those areas using the Zillow Observed Rent Index. ZIP codes where the average annual rental constituted the lowest percentage of median household income were considered the "most affordable."

San Antonio's 78248 ZIP code specifically stood out as the No. 4 most affordable in the country, and the No. 1 most affordable in Texas. This area encompasses the north San Antonio neighborhoods of Inwood, Forests at Inwood, Oakwood, The Park at Deerfield, Canyon Creek Bluffs, Canyon Creek Village, Blanco Village, Deerfield, Cadillac Drive, and Churchill Estates.

According to the study's findings, the average monthly cost of a rental in 78248 comes out to $1,259.17, and the median annual income of a household in the area is $122,986. Analysts then calculated that the annual rent of a home in this ZIP code only takes up 12.29 percent of a household's median income, which is the fourth-lowest in the nation.

CashNetUSA found the No. 1 most affordable ZIP code for renters nationwide is 66224 in Leawood, Kansas, where annual rent only takes a 10.57 percent cut out of a household's median annual income.

Elsewhere in Texas, two Houston-area ZIP codes – 77401 and 77094 – ranked No. 9 and No. 12 nationally, while Allen's 75013 ZIP code fell two spots behind to claim the No. 14 spot.

The most affordable San Antonio-area ZIP codes for renters
CashNetUSA further unveiled the five most affordable ZIP codes across major U.S. cities, including in San Antonio, Austin, and Houston.

Following 78248 (which took the No. 1 spot citywide) is 78261 (No. 2), which spans east of Highway 281, across Smithson Valley Road. Rent costs in this ZIP code averaged out to $1,698 per month, the report found.

Landing in the No. 3 spot is 78258, which includes Rogers Ranch, The Vineyard, Stone Oak, Summit, Hidden Canyon, and Big Springs neighborhoods. The report said average rent in the area comes out to $1,507 per month, which takes up 17.54 percent of a household's median annual income.

The remaining top two most affordable ZIP codes for San Antonio renters are located in 78259 (Encino Park, Encino Ranch, Cavalo Creek Estates, Northwood Hills, Summit at Bulverde Creek, Roseheart, Redland Woods) and 78260 in Timberwood Park, which is about 25 miles north of downtown San Antonio.

rent rent prices affordable housing