Cap Rate in San Antonio, TX

2026 Market Overview for Real Estate Investors

Avg Cap Rate

6.5%

#21 of 50 markets

Median Home Price

$250,000

Purchase price

Median Monthly Rent

$1,450

$17,400/yr gross

Rent-to-Price Ratio

0.58%

Moderate

Cap Rate Rating

Good

Strong return relative to market norms. Common in cash-flow-focused markets in the Midwest and South.

Market Snapshot

Population	1,547,253
5-Year Population Growth	+6.8%
Median Household Income	$55,000
Vacancy Rate	7.0%
Property Tax Rate	1.90%($4,750/yr)

Investor Takeaway

San Antonio offers Texas growth dynamics at a lower price point than Austin or Dallas. Military bases and healthcare provide a stable employment floor, though property taxes are high.

Quick Math

Estimated annual numbers for a median-priced property in San Antonio, TX before financing:

Annual Gross Rent$17,400

Less Vacancy (7.0%)($1,218)

Less Property Tax (1.90%)($4,750)

Less Est. Insurance + Maintenance($5,000)

Estimated NOI$6,432

Implied Cap Rate2.6%

Estimates based on median values. Insurance + maintenance estimated at 2% of home value. Actual results vary by property condition, neighborhood, and management.