Real Estate Investing in San Antonio, Texas (78228)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 78228 (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: 8.9% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (0.0% CAGR).
- Elevated poverty: 20.3% poverty rate — can affect rent collection.
What’s happening in San Antonio, TX (78228)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 78228 San Antonio
The 78228 ZIP covers a section of San Antonio that demands careful diligence. Prices near $172K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 78228 can be a a viable market for hunting ground — but the discount at $172K reflects genuine risk that outside investors often underestimate.
In the broader TX picture, 78228 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 78228 includes headwinds that any investor should price in. Income distribution skews lower than San Antonio averages, and tenant stability requires active management.
New investors are better served looking at San Antonio's stable or hybrid ZIPs before stepping into 78228. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in San Antonio:
Property Strategy for 78228
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $124,450 | $1,220 | 7.1% | 0.0% | $62,225 |
| 3BR | $174,249 | $1,570 | 6.5% | +2.4% | $58,083 |
| 4BR | $213,750 | $1,820 | 6.1% | +4.1% | $53,437 |
| 5BR | $262,984 | — | — | +4.6% | $52,597 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 78228 Compare?
| Metric | 78228 | San Antonio | San Antonio-New Braunfels, TX | Texas |
|---|---|---|---|---|
| Home Value | $172,104 | $279,541 | N/A | $297,000 |
| 5-Year CAGR | 0.0% | 1.3% | N/A | 5.4% |
| Avg Rent | $1,179 | $1,452 | N/A | - |
| Cap Rate | 5.3% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 78228 (San Antonio, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 78228 (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 | $172,104 |
| Monthly Rent | $1,179 |
| Price-to-Rent | 12.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.3% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | -2.7% ▼ |
| 5-Year CAGR | +0.0% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 Rent Trends
| 1-Year | -22.8% ▼ |
| 3-Year CAGR | -6.7% ▼ |
| 5-Year CAGR | -0.6% ▼ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.3%). 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 78228
Population: 55,474
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 78228
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
Frequently Asked Questions
How does San Antonio, TX stack up for property investment?
The 3.0/5 investability rating in San Antonio, TX reflects its $172K prices and $1,179/mo rents. Investors generally consider it a solid option within TX.
How much does a house cost in San Antonio, TX?
The median home value in San Antonio, TX is roughly $172K. That puts it reasonable relative to the TX statewide average.
What monthly rent should investors expect in San Antonio, TX?
San Antonio, TX rentals go for roughly $1,179/mo a month. That puts gross yield in solid territory relative to $172K acquisition costs.
What is the renter demographic in San Antonio, TX?
Tenant demand in San Antonio, TX is solid. The local workforce $1,179/mo rents across most rental classes.
How should investors approach San Antonio, TX?
A careful cash-flow rentals with hands-on management strategy San Antonio, TX best. The market produces consistent results for that approach at the $172K price point.
You know 78228 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 78228 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 78228 ranks in San Antonio-New Braunfels, TX
Every ZIP in this metro, ranked. Free.
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