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San Antonio, TX

San Antonio rental property analysis

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 market

Mid-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.

Is San Antonio a good place to buy rentals?

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 →

Neighborhoods to look at in San Antonio

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.

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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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