|Median Home Price: $137,600
2005 Appreciation: 7.27%
5 year Appreciation: 30.97%
BEST PLACES WINNER:
-Top 5 Best Places to Invest in 2006
-Top 5 Best Places to find Property Under $150,000
-Top 5 Best Places to Cash Flow Positive
San Antonio real estate values have risen at a slightly higher
rate than Dallas and Houston, but remain in the single digits
year-over-year, with price growth reflecting underlying supply and demand
conditions rather than speculative buying in San Antonio investment
property. Forecast tremendous job growth, relatively low home prices versus
family income levels, and aggressive development make San Antonio real
estate investment increasingly attractive to investors nationwide looking to
invest in Texas real estate.
PREDICTIONS FOR THE FUTURE
The Texas real estate market is garnering nationwide attention. San Antonio
's current and forecast job growth, changing demographics towards a more
educated, professional work force, and rapid development across the board
are very positive signs. Add increasing interest from "Coastal" investors
and the future of San Antonio investment property looks bright indeed.
The San Antonio real estate market has become an increasingly popular one
over the last several years. San Antonio is the third fastest growing city
in the country, bolstered by tremendous job creation in professional and
Job growth in the San Antonio real estate market in coming
quarters will be driven in large part by Toyota's planned $8 million truck
facility, Washington Mutual's movement of a regional operations center to
the area, recent US Military base realignment to the area, and SBC's
acquisition of AT&T providing for job relocations to the combined companies'
San Antonio headquarters. These developments bode well for San Antonio real
estate investment, considering the city's historically strong and stable
economy. Other top employers: United Service Automobile Association (USAA),
Citicorp, JP Morgan Chase, H.E.B. Food Stores.