San Antonio Metro Housing Market and Costs
Key Questions
What are the current median home prices in Elmendorf and Bexar County?
Elmendorf's median home price stands at $182k while Bexar County's median is $262k, reflecting a 6% year-over-year decline. San Antonio overall posted the nation's second-steepest median price drop in May.
How is the San Antonio rental market performing?
The rental market shows a 16.8% increase in renters alongside a 10.4% year-over-year drop in rents. This shift occurs amid broader housing inventory constraints caused by low mortgage rates.
What new construction homes are available in Elmendorf?
Recent listings include 6839 Marble Rdg priced at $161,999, 14807 Quartz Cove at $284,999, and new construction at Hickory Ridge with pricing around $239k. Sandy Oaks Estates by M/I Homes is also under development.
How do SAWS rate changes affect Elmendorf residents?
The proposed SAWS rate hike has been delayed by San Antonio City Council, creating ongoing uncertainty for Elmendorf customers. The delay directly impacts local water bills and budgeting.
Is the cost of living lower in San Antonio compared to the national average?
San Antonio's cost of living is 8.7% below the national average, with housing costs 24.8% cheaper. However, inflation at 3.8% and rising produce prices continue to affect residents.
Elmendorf median $182k; Bexar $262k -6%YoY; Wilson +66% reappraisals; SAWS 32% hikes (now delayed). SA rental market growing 16.8% renter increase, rents down 10.4% YoY. Inflation 3.8% rising produce prices. 104,000 Texas homeowners 'stuck' by low mortgage rates limiting inventory. San Antonio cost of living 8.7% below national average, housing 24.8% cheaper. La Vernia homebuyer guide shows $300k median vs $525k sale price gap. Toyota expansion may increase housing demand. SAWS rate hike delay directly affects Elmendorf residents; uncertainty continues. Grid reliability concerns from record summer demand may also impact cost of living. New Hickory Ridge listing at 16040 Mahogany Way shows $239k pricing for new construction in Elmendorf. Additional listings: 6839 Marble Rdg (Stone Garden, Lennar) $161,999 (3bd/2.5ba); 6540 Dacite Pl new construction; 14807 Quartz Cove $284,999 (4bd/3ba). San Antonio home prices dropped 3.1% in May, second-steepest in nation; buyer's market with high inventory. New M/I Homes development in Sandy Oaks (South Bexar, near Elmendorf) – Smart Series, pricing TBD, adds inventory near I-37/1604. Lennar listing at 6514 Hornblende Trl in Stone Garden at $185,999.