San Antonio named a top market for multifamily investment by HomeVestors

Job growth pushes down vacancy rates, drives up rents
  • 5,700 multifamily units will be delivered in San Antonio this year.
  • The city will add nearly the same amount of jobs this year as in 2015.
  • More than half of existing homes sold in the metro trade for less than $200,000.

Continued job growth within San Antonio made the city the second best market for real estate investing during the first quarter of this year.

According to HomeVestors and Local Market Monitor, the market was a prime one for multifamily investors as rents continued to grow and the demand for units drove down vacancy rates.