San Antonio is a Sweet Spot for Home Ownership

Zillow’s latest analysis places San Antonio at the top of the list of best cities for homeownership, leading cities like Nashville, Tennessee and Tampa, Florida. The Breakeven Horizon Report, released every quarter, determines “how long home buyers need to stay in a home before buying it makes more financial sense than renting it.”

According to Zillow, the break even point for San Antonio home owners is just 16 months, due to the strong income growth and job market here in the Alamo City. “Incomes have appreciated an average of 4 percent over the past year and employment growth has hit almost 3 percent, both more than the national average, making San Antonio a sweet spot for home ownership.”

Zillow_Breakeven_Chart.png

Source: NAHREP / RIS Media

Have questions? Call our mortgage hotline: 210-951-6000.

 

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