Appreciation Investing in San Antonio, TX

Appreciation Score: 5.2/10Ranked #19 of 52 markets

Data-driven appreciation analysis for San Antonio, TX — score breakdown, key investment metrics, and how it compares to other markets.

Last updated: May 2026

Score Breakdown

Appreciation Score:5.2
Population Growth(40%)
+6.8%5.4
Median Household Income(25%)
$70,5714.5
Low Vacancy(20%)
8.3%4.6
Metro Size (Demand)(15%)
2,037,3446.7

Key Metrics for Appreciation

Pop. Growth

+6.8%

Strong

Median Income

$70,571

Household income

Vacancy Rate

8.3%

Moderate supply

Population

2.0M

Metro demand indicator

Appreciation Investment Thesis

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.

How San Antonio Compares

RankCityAppreciation ScoreCap RateMedian Price
#15Denver, CO5.54.4%$525,000
#16Columbus, OH5.46.8%$240,000
#17Minneapolis, MN5.46.1%$295,000
#18Nashville, TN5.25.2%$400,000
#19San Antonio, TX5.26.5%$250,000
#20Los Angeles, CA5.13.2%$900,000
#21Orlando, FL5.05.3%$355,000

Showing markets ranked near San Antonio for this strategy.

Quick Math: Estimated Annual Return

Annual Gross Rent ($1,450/mo)$17,400
Less: Vacancy (8.3%)-$1,444
Less: Property Tax (1.90%)-$4,750
Less: Insurance (~0.5%)-$1,250
Less: Maintenance (~1.5%)-$3,750
Estimated NOI$6,206
Implied Cap Rate2.5%

Based on median market data. Your actual returns will vary based on specific property, financing, and management costs. Always run your own analysis before investing.

Frequently Asked Questions

What is the appreciation score for San Antonio, TX?

San Antonio, TX scores 5.2 out of 10 on our appreciation score, ranking #19 out of 52 markets we track. Weighted composite: population growth (40%), median household income (25%), low vacancy (20%), metro size/demand (15%). Scale 0–10.

Is San Antonio a good city for appreciation investing?

San Antonio, TX ranks #19 for appreciation investing — a solid mid-tier market with a score of 5.2/10. The median home price is $250,000 with a 6.5% average cap rate.

What is the average cap rate in San Antonio?

The average cap rate in San Antonio, TX is 6.5%. The median home price is $250,000 with a median monthly rent of $1,450, resulting in a rent-to-price ratio of 0.58%.

What are the property taxes in San Antonio?

The effective property tax rate in San Antonio, TX is 1.90%. On a $250,000 property, that translates to approximately $4,750 per year in property taxes.

How does San Antonio compare to other appreciation markets?

Among our 52 tracked markets, San Antonio, TX ranks #19 for appreciation investing. It falls in the middle of the pack for this strategy.

What is driving population growth in San Antonio?

San Antonio, TX has a 5-year population growth rate of +6.8% and a median household income of $70,571. Strong job growth and migration trends are fueling above-average population increases, which typically correlates with sustained home price appreciation.

Run Your Own Numbers for San Antonio

Use our free calculators pre-filled with San Antonio, TX market data, or adjust the numbers for your specific deal.