If you currently reside in San Antonio then you already know that newcomers (at a rapid pace) are sliding down the rainbow into this pot of gold of a city that over 1.5 million people call home.According to the U.S. Census, San Antonio is enjoying its largest population boom. A military melting pot, a historic battleground, and a sensational feel of community and culture inhabit this city.
Those are just a few characteristics that contribute to a better quality of life than most U.S. cities can provide. The people and organizations that populate San Antonio harvest a sense of community that makes visitors want to stay and has retirees coming from afar. In fact, they are coming for work and play but they’re not leaving. Let’s take a look at the data that gives explanation as to why they wish to stay.
Thriving Local Economy
San Antonio’s housing market is also getting a boost from having a strong local economy. At the end of 2018, the unemployment rate for the metro area was down to around 3.2%. That’s a big improvement, considering that it skyrocketed above 7% during the peak of the Great Recession. Not only does this make the area a great place to call home, it gives local San Antonians the ability to afford what many call “The American Dream”, creating confident buyers and increasing the demand for housing.
Workforce recruitment company Indeed ranks San Antonio No. 17 on its 2018 Best Cities for Job Seekers list. The only other Texas city to rank higher was Austin at No. 12. SA Current reports that during his State of the City speech on April 10, Mayor Ron Nirenberg pledged to create 70,000 new jobs over the next two years – “more jobs than any mayoral administration in San Antonio’s history.” It’s safe to say that the city is thriving, the people are coming quickly and the city is preparing for it in every facet.
Excellence In Education
U.S. News & World Report’s Best High School rankings 2019 recognizes sixteen high schools in the San Antonio area for being the best in the nation. The area encompasses 123 public elementary, middle and high schools and 105 private schools. Young Women’s Leadership Academy ranks #141 in the National Rankings. Schools are ranked on their performance on state tests, graduation and college readiness.
Follow the link to take a closer look at the variety of national rankings and how the Spur’s Nation falls into each of them. It’s no surprise that transplants are quickly snatching the lots to build new homes near schools that continuously receive recognition for Safety, Diversity, Best Teachers and even the Best Schools for Athletes (according to Niche.com’s 2019 School Rankings).
Affordable Housing Market
San Antonio’s housing starts in the lowest price range – under $200,000 – this affordable housing price makes up 10 percent of the market (in the last five years). Lot inventory in that price range saw a decrease as well. The rise in demand for housing in the $200,000 to $400,000 price bracket continues, securing (for now, maybe not for long) the average home price at $267,600 (the lowest among metro areas in the state). Real estate agents are skipping through the streets and we all know why.
The San Antonio Board of Realtors 2018 Report on Year-End Housing Market Data confirms another groundbreaking (no pun intended) year. Real estate agents and homebuilders hit the ground running in 2019 with affordability at the top of their priority list.
A Builder You Can Trust
If you’re looking to build in San Antonio, you’re in the right place. Southwest Homes is a reputable builder with over 15 years of experience delivering durable, quality construction that’s built to last. Our clients recommend us to their friends and family because they not only value our craftsmanship but appreciate our transparency.
We know what this home means to you and we also know the challenges that you may face during the homebuilding process. Choosing a builder can be nerve-racking, especially if you’re new to the area. We encourage you to schedule a complimentary consultation to determine if a partnership with Southwest Homes is the best choice for you. We look forward to turning your dream into a reality.