Home Affordability in San Antonio, TX
The median home price in San Antonio is $275,000 with a median household income of $53,420. Housing is significantly stretched relative to local incomes.
Median Home Price
$275,000
Median Income
$53,420
Price-to-Income Ratio
5.1x
Est. Affordable Home
$208,000
Property Tax Rate
1.98%
Annual Property Tax
$5,445
Sales Tax Rate
8.25%
Cost of Living Index
90
Buying a Home in San Antonio
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $53,420 in San Antonio can afford a monthly housing payment of approximately $1,246. This translates to a home price of roughly $208,000, which is below the median home price of $275,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in San Antonio would be approximately $5,445 per year ($454/month) at the effective rate of 1.98%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $8,250 | $266,750 | Yes |
| 5% | $13,750 | $261,250 | Yes |
| 10% | $27,500 | $247,500 | Yes |
| 20% | $55,000 | $220,000 | No |
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