Jerry Newman's San Antonio, TX Blog 210-789-4216: February 2015

Rising Rental Housing Rates in San Antonio

According to Zillow's Rent Index, median rental rates for houses in San Antonio are sky rocketing and this seems to be the trend across the country as well. The median rental rate for a home in San Antonio metropolitan area is $1,299,  a 4.3 percent increase over this same time last year. This rental rate was based off a median home value in San Antonio of $145.700.

For Rent SignsIn other major cities in the state of Texas, home rental rates in the Dallas-Fort Worth metro area rose 4.9 percent over the last year to $1,443. In Houston, home rental rates rose 5.9 percent to $1,497. In Austin, home rental rates rose 7 percent to $1,657. Yes, I know Austin rental prices rose since my daughter rented a one bedroom apartment this past November for $1,600 per month.

Nationwide, the median home rental rate is $1,350, up 3.3 percent from January 2014. Zillow's Chief Economist, Stan Humpries, stated in a recent news release that more than one third of Americans are renters. However, today's renters are future buyers, and many are wanting to obtain the American Dream of Home-ownership, but they are finding it more difficult to save up a down payment for a home with the rising and increasingly unaffordable rental rates. As a result, rising house rental rates could be a barrier to getting families into their own homes, he said.

See the Full Report of Rising Rental Rates Across the Country.

If you're tired of paying high rental rates, and want to get on the path to owning your own home, then contact Jerry today at 210.789.4216. Search for Homes in San Antonio, and call for a personal showing appointment. Find out about First Time Home Buyer programs that may help you with down payment assistance, and closing costs for the loans. Learn about the steps to purchasing your own home, and stop paying those increasing higher rental rates.

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Jerry Newman, REALTOR®

US Army Retired

Brown Realty

1802 NE Loop 410 Ste 520

San Antonio, TX 78217

Direct 210-789-4216

 

Helping and Serving the real estate needs of buyers and sellers in the Greater San Antonio, Bexar County, and all the surrounding areas.

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Comment balloon 10 commentsJerry Newman • February 24 2015 09:15AM
Rising Rental Housing Rates in San Antonio
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According to Zillow's Rent Index, median rental rates for houses in San Antonio are sky rocketing and this seems to be the trend across the country as well. The median rental rate for a home in San Antonio metropolitan area is $1, 299, a 4. 3 percent… more
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Article written by Tim Smith, Guest Blogger When it comes to updating or upgrading your living space, consider the projects that give you the biggest return on your investment. There's a fine line between projects that boost your home… more