You've probably heard that real estate investing is a great source of passive income, but did you know it can also help protect against inflation? Investment properties provide you with an extra monthly income to help combat the rising costs of goods and services. If you've been hit hard by inflation, now might be a good time to consider investing in real estate.
To make the most of your investment, you need to choose a good location. In recent years, Texas has been a hot spot for investors for many reasons, especially San Antonio. Keep reading to learn about the best neighborhoods in San Antonio for investors.
Why Invest in Texas Real Estate?
Texas is one of the best states for investing in real estate. It has a strong economy and has had steady job growth in recent years. That, paired with a diverse population, is what draws many families and young professionals to The Lone Star State.
While property values in Texas are increasing, it's still more affordable than much of the rest of the country. This holds true in San Antonio, which is even more affordable than other major cities in Texas.
The Best Neighborhoods in San Antonio to Invest In
There are plenty of great opportunities to invest in San Antonio real estate. But there are a few areas in the city where you will likely see the best return on investment. Below are the best neighborhoods in San Antonio for investors in 2023.
Downtown has a variety of property types available, with many pre-war buildings. A majority of households in the area are renter-occupied. The median sale price is higher than in other areas of the city, but the current rates for rent will support higher prices.
El Dorado is a quiet, affordable neighborhood that attracts many families. There's a mix of single-family homes and new condos in the area. The median sale price in El Dorado is well below that of other areas in San Antonio.
Lavaca is near Downtown, but it's more affordable. There is also a large population of renters in this area. The median sale price is about the same as much of the rest of the city but is much lower than that of Downtown.
Monte Vista is also near Downtown, but it has a much more suburban feel. This area has a diverse population and a majority of the residents are renters. The median sale price and current rental rates are similar to that of Downtown.
Tobin Hill features a mix of historic single-family homes and apartment buildings. While all the neighborhoods we've mentioned have a large renter population, Tobin Hill has the most renters out of all these areas. The median sale price is affordable, but still a bit higher than in some neighborhoods.
Invest in San Antonio Real Estate
If you're planning on investing in Texas real estate, you need to consider San Antonio. This is one of the best areas for investors and now is the time to get in.
If you're not sure where to start, let us be your guide. Our experienced team knows all the best neighborhoods in San Antonio and will advise you through your investment. Contact us today and let us know how we can help!