Real Estate Investing in San Antonio, Texas (78223)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 78223 (San Antonio, TX)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (0.2% CAGR).
- Elevated poverty: 20.6% poverty rate — can affect rent collection.
What’s happening in San Antonio, TX (78223)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 78223 San Antonio
ZIP 78223 in San Antonio, TX carries a resilient set of headwinds. Home values near $184K and rents of $1,376/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 78223 can be a a solid fit for hunting ground — but the discount at $184K reflects genuine risk that outside investors often underestimate.
The gap between 78223 and stronger San Antonio ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 78223 ZIP's population of 57,298 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
The right play in 78223 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in San Antonio:
Property Strategy for 78223
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $124,132 | $1,250 | 7.3% | +1.2% | $62,066 |
| 3BR | $184,644 | $1,600 | 6.2% | +3.2% | $61,548 |
| 4BR | $231,866 | $1,870 | 5.8% | +4.7% | $57,967 |
| 5BR | $293,180 | — | — | +5.0% | $58,636 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 78223 Compare?
| Metric | 78223 | San Antonio | San Antonio-New Braunfels, TX | Texas |
|---|---|---|---|---|
| Home Value | $184,228 | $279,541 | N/A | $297,000 |
| 5-Year CAGR | 0.2% | 1.3% | N/A | 5.4% |
| Avg Rent | $1,376 | $1,452 | N/A | - |
| Cap Rate | 5.8% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 78223 (San Antonio, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 78223 (San Antonio, TX)?
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Property managers serving Bexar County
Manage rentals here? List your business →Forefront Property Management offers residential, multi-family, and commercial property management services in San Antonio, aiming to simplify property ownership. summary from their website
Hill Country Homeowners Association Management specializes in personalized financial and administrative management services for homeowner's associations in San Antonio and the Texas Hill Country. summary from their website
PMI San Antonio offers residential and commercial property management services in San Antonio, including marketing, tenant screening, rent collection, and financial reporting. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $184,228 |
| Monthly Rent | $1,376 |
| Price-to-Rent | 11.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.0% |
| Cap Rate | 5.8% |
| 5-Year IRR | 6.0% |
📈 Home Appreciation
| 1-Year | -1.4% ▼ |
| 3-Year CAGR | -3.0% ▼ |
| 5-Year CAGR | +0.2% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 Rent Trends
| 1-Year | -4.4% ▼ |
| 3-Year CAGR | -0.2% ▼ |
| 5-Year CAGR | +2.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 78223
Population: 57,298
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 78223
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 5,160 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the smart move for investors in San Antonio, TX?
A careful cash-flow rentals with hands-on management strategy San Antonio, TX best. The market produces reliable results for that approach at the $184K price point.
What is the rental occupancy rate in San Antonio, TX?
Rental vacancy in San Antonio, TX is elevated. Investors should budget normal turnover but not chronic empty units.
What monthly rent should investors expect in San Antonio, TX?
San Antonio, TX rentals go for roughly $1,376/mo a month. That puts gross yield in solid territory relative to $184K acquisition costs.
Is it easy to find good tenants in San Antonio, TX?
Tenant quality in San Antonio, TX ranks as solid. Landlords generally report predictable occupancy at market rents of $1,376/mo.
How strict are landlord regulations in San Antonio, TX?
San Antonio, TX falls under TX landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 78223 now. You don’t know where it ranks.
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How 78223 ranks in San Antonio-New Braunfels, TX
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