Northeast (near Randolph AFB)
Steady military tenant demand, low vacancy.
San Antonio, TX
Is San Antonio a good place to buy rental property in 2026?
Short answer: yes — for balanced buy-and-hold. San Antonio's median cap rate of about 6.0% (San Antonio metro median) sits near the ~6.5% national median, with typical rent at $1,426–$1,830/mo and Texas property tax near 1.68%.
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 July 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.
What rents actually look like in San Antonio
One number never tells the story — HUD publishes ZIP-level Small Area Fair Market Rents for the San Antonio-New Braunfels, TX metro area, the metro-wide FMR region that includes San Antonio, and the spread across its ZIP codes is where deals are won or lost. Same purchase price, different ZIP, very different rent.
| ZIP code | 2BR rent | 3BR rent |
|---|---|---|
| 78108 | $2,140/mo | $2,750/mo |
| 78257 | $1,840/mo | $2,360/mo |
| 78259 | $1,650/mo | $2,120/mo |
| 78204 | $1,570/mo | $2,010/mo |
| 78070 | $1,440/mo | $1,830/mo |
| 78269 | $1,410/mo | $1,810/mo |
| 78295 | $1,410/mo | $1,810/mo |
| 78112 | $1,350/mo | $1,730/mo |
| 78147 | $1,290/mo | $1,660/mo |
| 78219 | $1,230/mo | $1,580/mo |
| 78028 | $1,130/mo | $1,490/mo |
| 78101 | $970/mo | $1,250/mo |
Showing 12 of 138 ZIP codes in the San Antonio-New Braunfels, TX metro area — the HUD FMR region that includes San Antonio — sampled highest to lowest across the rent range. Source: HUD FY2026 Small Area Fair Market Rents. TrueCap auto-fills the exact ZIP-level figure when you enter a San Antonio address.
Why San Antonio works for rental investors
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 Texas investing guide — taxes, landlord law & top metros →
Neighborhoods to look at in San Antonio
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.
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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.
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