Northeast (near Randolph AFB)
Steady military tenant demand, low vacancy.
San Antonio, TX
San Antonio blends steady population growth and a large military presence with no state income tax — appreciation is moderate but tenant demand is exceptionally stable.
San Antonio market snapshot
Balanced marketMid-range cap rates — cash flow and appreciation are both realistically on the table.
Typical cap rate
6.0%
San Antonio metro median
Typical rent
$1,426–$1,830/mo
HUD FMR · 2–3BR · 2026
Typical price
$200,000–$300,000
est., all-in
Property tax
1.68%
Texas effective
Rent is HUD Fair Market Rent where available, otherwise a market estimate; price is a market estimate. Cap-rate and tax are the defaults TrueCap applies — enter a specific address for exact, auto-filled numbers.
Sources & methodology. These are screening defaults and market estimates — not an appraisal, and not financial, tax, or legal advice. Verify rents, taxes, insurance, and local landlord/tenant law against the county assessor and your state's landlord-tenant statute before relying on them.
Data: HUD Fair Market Rent · FRED 30-yr mortgage rate · Tax Foundation (property tax) · Updated June 2026
Metro-level estimates — precision is lower at the neighborhood and parcel level; pull a specific address for exact, auto-filled figures. Reviewed by the TrueCap team. See our full methodology.
Military relocations and a diversified economy keep occupancy high. The catch is Texas property taxes — model the real effective rate, because it can swing cash flow hard.
See the full Texasinvesting guide — taxes, landlord law & top metros →
Northeast (near Randolph AFB)
Steady military tenant demand, low vacancy.
Alamo Heights edges
Premium adjacency at lower entry — appreciation play.
Far West Side
Newer SFR rentals, family tenants, manageable upkeep.
Neighborhood notes are starting points, not recommendations — always underwrite the specific property.
Paste a San Antonio address into TrueCap and get cap rate, cash-on-cash, DSCR, cash flow, and a 10-year projection — auto-filled with Texas tax and HUD rent so you start from the right assumptions.
Try TrueCap freeFree calculators
Related reading
Explore other markets