The Airbnb rental market has been on the rise in San Antonio, TX. With an increase in demand for unique travel experiences and the convenience of home-like accommodations, short-term rentals have become a popular option for visitors.
This blog post will explore the current state of the short-term rental market in San Antonio, TX, and provide insights for investors looking to enter this market.
State of the Short-Term (Airbnb)Rental Market
According to Zillow, homes in San Antonio, TX have depreciated by -2.80%, making it an attractive market for real estate investors. The median home value in San Antonio is $253,762, which is lower than the national median of $392,000.
Chalet reports that there are 6,121 active short-term (Airbnb) rentals in San Antonio, TX. The occupancy rate is 54%. This means that short-term rental owners in San Antonio are seeing a healthy amount of demand for their properties, with a good chance of having consistent bookings. The annual revenue for short-term rentals in San Antonio is $32,200, making it a lucrative investment opportunity.
Supply
The most popular homes are 1-bedroom homes, comprising 30.15% of inventory. This is followed by 3 and 2-bedroom homes at 24.62% and 23.28% of the total inventory, respectively.
Factors Affecting the Short-Term (Airbnb) Rental Market
The average gross yield for Airbnb rentals in San Antonio is 12.69%. This is a healthy return on investment, but it is important for investors to consider the costs associated with owning and managing a short-term rental property. One such cost is property taxes, which in San Antonio, TX are on average 2.35% according to SmartAsset.
San Antonio, TX is a city filled with rich history and culture, offering something for everyone. In this blog post, we will explore the highlights of San Antonio, answering questions about the city’s demographics, climate, sports teams, educational institutions, crime rate, tourism, and more.
Average Daily Rate
The median ADR for the market is $150. The Average Daily Rate is the highest for 7-bedroom homes ($495) followed by 6-bedrooms and 5 bedrooms at $300 and $275 respectively.
Top 200 Airbnb Rental Markets
Use our Airbnb comparison tool to instantly compare the top 200 short-term (Airbnb) rental markets in the US by returns on investment, occupancy rates, revenue, home price, and more…
San Antonio Demographics and Climate
San Antonio is the second-most populous city in Texas and the seventh-largest city in the United States. According to the United States Census Bureau, the estimated population of San Antonio in 2021 was 1.45 million people. The median household income in San Antonio, TX is $55,084, which is lower than the national median of $70,784. However, the cost of living in San Antonio is lower than the national average, making it an affordable place to live.
San Antonio, TX has a hot and humid subtropical climate, with long summers and mild winters. The average temperature in July, the warmest month, is around 95 degrees Fahrenheit. The city is also prone to flash floods and thunderstorms, especially during the summer months.
Hosts
The market is not dominated by property management firms. The largest host is Richie with 2.57% of the total inventory and an average review of 5.00 ⭐️s .
San Antonio Sports and Education
San Antonio, TX is home to several professional sports teams, including the San Antonio Spurs of the National Basketball Association (NBA) and the San Antonio FC of the United Soccer League (USL). The Spurs have a strong following, having won five NBA championships, and the San Antonio FC is a relatively new team but has quickly become a fan favorite.
San Antonio, TX is also home to several colleges and universities, including the University of Texas at San Antonio, Trinity University, and St. Mary’s University. These institutions offer a diverse range of educational opportunities for students of all levels and interests.
San Antonio Tourism
San Antonio, TX is a popular tourist destination, attracting millions of visitors each year. According to the San Antonio Convention and Visitors Bureau, over 39 million visitors came to the city in 2019, contributing over $15 billion to the local economy. Many of these visitors come from Mexico and other parts of Texas, but the city also attracts tourists from around the world.
Some of the biggest tourist attractions in San Antonio include the Alamo, a UNESCO World Heritage Site that is the site of the famous battle that helped secure Texas’ independence from Mexico. Other popular attractions include the River Walk, a network of walkways and bridges that runs along the San Antonio River and features numerous restaurants, shops, and public art installations. The Tower of the Americas, a 750-foot-tall tower with an observation deck and revolving restaurant, also draws many visitors to the city.
Guests
The majority of the guests come from inside of Texas. 8.21% of all guests are from Houston followed by San Antonio with 7.22%.
Crime Rate and Peak Season
San Antonio, TX has a moderate crime rate, with both property crime and violent crime rates higher than the national average. However, the city has taken significant steps to improve public safety, including increasing police presence and using data-driven strategies to reduce crime.
The peak season in San Antonio, TX is during the summer months, from June to August, when temperatures are at their highest and many tourists come to enjoy the city’s many attractions. However, the city also sees a steady flow of visitors throughout the year, making it an excellent place to visit anytime.
Conclusion
The Airbnb rental market in San Antonio, TX is a lucrative opportunity for real estate investors. With a growing demand for unique travel experiences and the convenience of home-like accommodations, short-term rentals are becoming an increasingly popular option for visitors. The city has a healthy real estate market, a high occupancy rate, and an investor-friendly regulatory environment. However, it is important for investors to consider the costs associated with owning and managing a Airbnb rental property, including property taxes and any regulations in place. By researching and understanding these factors, investors can make informed decisions about entering the short-term rental market in San Antonio, TX.
