APRIL2019 San Antonio Metrofiles.zillowstatic.com/research/public/rental/ZRI.San... · 2020. 4....
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www.zillow.com/research/ APRIL2019 San Antonio Metro National Rents Current: $1,477 Monthly Change: 0.2% Annual Change: 2.6% San Antonio Metro Rents Current: $1,373 Monthly Change: 0.4% Annual Change: 2.8% Breakeven Horizon 2.3 years Major Cities - Rents San Antonio Current: $1,312 Monthly Change: 0.4% Annual Change: 3.1% Breakeven Horizon: 2.1 years New Braunfels Current: $1,558 Monthly Change: 0.3% Annual Change: 2.6% Breakeven Horizon: 2.8 years Seguin Current: $1,400 Monthly Change: 0.1% Annual Change: 4.1% Breakeven Horizon: 2 years Boerne Current: $2,098 Monthly Change: -0.2% Annual Change: 0.4% Breakeven Horizon: – Converse Current: $1,332 Monthly Change: 0.2% Annual Change: 3.1% Breakeven Horizon: 1.9 years Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community City ZRI Year-over-Year -8.7% -8.6% - -5.2% -5.1% - -1.1% -1.0% - -0.3% 0.2% - 1.1% 1.2% - 2.7% 2.8% - 3.6% 3.7% - 4.8% 4.9% - 6.2% Metro Cities: Top/Bottom by Annual Rent Appreciation Top: Natalia 6.2% Castroville 5.4% Hollywood Park 4.8% Olmos Park 4.7% Kirby 4.3% Bottom: Fair Oaks Ranch -8.7% Bulverde -7% Spring Branch -6% Kendalia -5.2% Timberwood Park -1.9% Metro Neighborhoods: Top/Bottom by Annual Rent Appreciation Top: Loma Vista 13.6% Prospect Hill 12.2% Memorial Heights 11.8% Nevada Street 10.4% Thompson Community 8.6% Bottom: Stone Oak -1.3% Bluffview at Camino -1.3% Inwood Homeowners -0.5% Sonoma Ranch -0.3% Elm Creek -0.3% How do we measure rents? To track rents, we use the Zillow Rent Index (ZRI). The ZRI is the midpoint of estimated rents in a given region. Half the estimated rental prices are above this number and half are below. What is the Breakeven Horizon? The Breakeven Horizon in the number of years you must live in a home before owning the same home becomes more financially advantageous than renting the home. For example, if ’City X’ had a Breakeven Horizon of 5.5 years, it is financially better for you to rent in ’City X’ unless you plan on living there for more than 5.5 years.
Transcript of APRIL2019 San Antonio Metrofiles.zillowstatic.com/research/public/rental/ZRI.San... · 2020. 4....
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www.zillow.com/research/
APRIL2019 San Antonio Metro
National Rents
Current: $1,477Monthly Change: 0.2%Annual Change: 2.6%
San Antonio Metro Rents
Current: $1,373Monthly Change: 0.4%Annual Change: 2.8%
Breakeven Horizon2.3 years
Major Cities - Rents
San AntonioCurrent: $1,312Monthly Change: 0.4%Annual Change: 3.1%Breakeven Horizon: 2.1 years
New BraunfelsCurrent: $1,558Monthly Change: 0.3%Annual Change: 2.6%Breakeven Horizon: 2.8 years
SeguinCurrent: $1,400Monthly Change: 0.1%Annual Change: 4.1%Breakeven Horizon: 2 years
BoerneCurrent: $2,098Monthly Change: -0.2%Annual Change: 0.4%Breakeven Horizon: –
ConverseCurrent: $1,332Monthly Change: 0.2%Annual Change: 3.1%Breakeven Horizon: 1.9 years
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZRI Year-over-Year-8.7% -8.6% - -5.2% -5.1% - -1.1% -1.0% - -0.3% 0.2% - 1.1% 1.2% - 2.7% 2.8% - 3.6% 3.7% - 4.8% 4.9% - 6.2%
Metro Cities: Top/Bottom by Annual Rent AppreciationTop:Natalia 6.2%
Castroville 5.4%
Hollywood Park 4.8%
Olmos Park 4.7%
Kirby 4.3%
Bottom:Fair Oaks Ranch -8.7%
Bulverde -7%
Spring Branch -6%
Kendalia -5.2%
Timberwood Park -1.9%
Metro Neighborhoods: Top/Bottom by Annual Rent AppreciationTop:Loma Vista 13.6%
Prospect Hill 12.2%
Memorial Heights 11.8%
Nevada Street 10.4%
Thompson Community 8.6%
Bottom:Stone Oak -1.3%
Bluffview at Camino -1.3%
Inwood Homeowners -0.5%
Sonoma Ranch -0.3%
Elm Creek -0.3%
How do we measure rents? To track rents, we use the Zillow Rent Index (ZRI). TheZRI is the midpoint of estimated rents in a given region. Half the estimated rental prices
are above this number and half are below.
What is the Breakeven Horizon? The Breakeven Horizon in the number of years youmust live in a home before owning the same home becomes more financially advantageous
than renting the home. For example, if ’City X’ had a Breakeven Horizon of 5.5 years,
it is financially better for you to rent in ’City X’ unless you plan on living there for more
than 5.5 years.
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APRIL2019
*Top cities and neighborhoods by size within the metro are listed. Additional counties, cities, neighborhoods and zip codes may be available online at
www.zillow.com/research/data or by emailing [email protected]
Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.
www.zillow.com/research/
Largest Cities Covered by Zillow
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Alamo Heights 3,005 -1.1 1.5Atascosa 1,308 3.9 0.9Bandera 2.8 1,487 -0.3Boerne 2,098 0.4 1,840 1Bulverde 3.6 2,006 -7 0.9Canyon Lake 2.8 1,462 3.5 1Castroville 4 1,509 5.4 0.9Cibolo 2.9 1,587 2.7 1,600 0.7Comfort 1.7 1,643 3.6 1Converse 1.9 1,332 3.1 1,400 0.8Devine 1 1,208 4.2 0.9Floresville 2.5 1,428 0.3 0.9Helotes 2.9 2,057 4.2 1,600 0.8Hondo 1,244 3.8 0.9Kirby 1.4 1,158 4.3 0.9
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Leon Valley 2.7 1,372 4.2 0.8Live Oak 2.2 1,332 2.9 0.8Natalia 1,437 6.2 0.8New Braunfels 2.8 1,558 2.6 1,580 0.9Pipe Creek 2.6 1,501 0.7 0.9San Antonio 2.1 1,312 3.1 1,300 0.9Schertz 2.7 1,545 3 1,600 0.8Seguin 2 1,400 4.1 1,570 0.9Selma 2.6 1,485 3 1,380 0.8Somerset 1,213 1.9 0.9Spring Branch 3.8 2,055 -6 0.9Stockdale 1,245 1.1 0.9Timberwood Park 3.4 2,063 -1.9 1,800 0.8Universal City 2.6 1,406 4.1 1,400 0.8Windcrest 3 1,511 3.4 0.7
Largest Neighborhoods Covered by Zillow
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Alamo Farmsteads 2.8 1,422 3.6 1,350 0.8Dellview Area 1.6 1,221 2.7 1Great Northwest 2.2 1,305 4.3 0.9Heritage 2 1,250 2 0.9Highland Hills 1.3 1,128 6 1Highland Park 1,145 4.2 0.9Lackland Terrace 1.1 1,163 4.8 1Los Angeles Heights 1,168 5.9 1Northwest Crossing 2.2 1,327 2.9 0.8Oak Park 2.9 2,276 1.3 1,580 1.2
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Palm Heights 1.1 1,064 2.8 1People Active in Com 1,145 4.1 0.9People Active in Com 1Prospect Hill 1.1 1,059 12.2 1.1Quintana Community 1.1 1,030 4.1 1Rainbow Hills 1 1,169 3 0.9Shearer Hills 2.2 1,375 4.6 1South Southwest 1.2 1,137 6.9 1Stone Oak 3.7 1,947 -1.3 1,720 0.8Vance Jackson 3.1 1,455 4.5 830 0.9
