affordable housing news
San Antonio tops U.S. for affordable housing growth since 2020

Affordable housing is on the rise in San Antonio.
A new housing report has revealed that San Antonio led the nation with the fastest growth in affordable apartment construction from 2020-2024.
The study from apartment search platform RentCafe analyzed new affordable apartment construction rates over the last five years across 146 U.S. cities. For the purpose of the study, RentCafe defined "affordable housing" as "residential buildings in which all units are income-restricted." Their rent prices also couldn't exceed 30 percent of each market's Area Median Income (AMI).
The findings show 9,015 new "affordable" (income-restricted) apartments have been developed in San Antonio from 2020-2024. These apartments make up about 24 percent of all new housing in the city.
Furthermore, San Antonio has tripled its rate of new affordable apartments when compared to the pre-pandemic period from 2015-2019. During that time, about 2,800 affordable units were developed. Compared to San Antonio's post-pandemic apartment construction, which revealed a five-year increase of 222.54 percent.
Nationally, about 310,000 new affordable apartments were built over the last five years, and nearly a third of them were completed just in 2024 alone, the report said.
"Notably, affordable housing is starting to make up a larger portion of all new apartment construction," the report's author wrote. "In 2024, nearly 14 percent of all new apartments were income-restricted — up from just under 9 percent ten years earlier — indicating a growing emphasis on affordability in new development."
In RentCafe's separate ranking of the U.S. cities that have built the most new affordable apartment units since 2020, San Antonio ranked No. 9 nationally. The top three cities were Seattle, Washington (No. 1); New York City, New York (No. 2); and Austin, Texas (No. 3).
"Affordable housing construction [across the nation] rose 73 percent compared to the previous five-year period (2015–2019), far outpacing the 36 percent growth in overall apartment construction," the report said.
The top 10 U.S. markets with the fastest growth in affordable apartment construction are:
- No. 1 – San Antonio, Texas
- No. 2 – Phoenix, Arizona
- No. 3 – Charlotte, North Carolina
- No. 4 – New York City, New York
- No. 5 – Atlanta, Georgia
- No. 6 – Portland, Oregon
- No. 7 – Nashville, Tennessee
- No. 8 – Austin, Texas
- No. 9 – San Francisco, California
- No. 10 – Miami, Florida







The home is near all the Grapevine hot spots.Photo courtesy of The Meyer Group
Post Malone's childhood home, at 1226 Eaton Ln., Grapevine, is listed for $549,900. Photo courtesy of The Meyer Group