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Texas booms with most new homes built in the U.S. since 2010, new report finds

San Antonio boasts a wealth of new homes on the market.

Texas is still booming when it comes to new home construction.

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Housing markets might be stabilizing in most areas of Texas, but there's one sector that's still booming. A new housing report by RubyHome Luxury Real Estate has revealed Texas leads the nation with the highest new home construction rate.

The study examined property data from the U.S. Census Bureau's 2022 American Community Survey, including the number of occupied properties and the number of homes built between 2010 and 2022.

Nearly a quarter (22.5 percent) of all occupied housing units in the Lone Star State have been built since 2010, the report found. That adds up to nearly 2.5 million homes out of a total 11 million-plus in the state.

Texas' new home construction rate was predictable, as the state had gained the most new residents between 2000 and 2022, according to a RubyHome spokesperson. That's another trend that doesn't appear to be slowing down in Texas, or in San Antonio for that matter.

"Residents of Texas are more likely to live in a new, modern property than any other state across the country," the report said.

For comparison, there were about 131.2 million recorded occupied households in the U.S., according to the 2022 Census survey. Over 15.7 million of those homes were constructed since 2010, which is nearly 12 percent of the homes across the country.

North Dakota fell behind Texas in No. 2, with less than 69,000 out of a total 331,481 homes built within the same time frame. New construction homes made up less than 20.74 percent of all of the housing stock in the midwestern state.

The top 10 states with the highest new home construction rates are:

No. 1 – Texas (22.5 percent)
No. 2 – North Dakota (20.74 percent)
No. 3 – Utah (20.65 percent)
No. 4 – Idaho (20.01 percent)
No. 5 – South Carolina (19.75 percent)
No. 6 – North Carolina (18.17 percent)
No. 7 – Nevada (16.74 percent)
No. 8 – Delaware (16.49 percent)
No. 9 – Colorado (16.30 percent)
No. 10 – Tennessee (15.73 percent)

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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.

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