We hear it all the time: average weight, average IQ, average income. Often, those averages are split into more averages; average weight of a 5’6” female, average IQ of a Harvard grad, average income of a pharmaceutical sales rep… you get the picture.
But what do these actually mean if they aren’t compared to other numbers? Do they matter if we don’t know what we are comparing these averages against? If we don’t know the average IQ of anything but a Harvard grad, would we care? The same could be asked of housing. The average price of a home in San Antonio is $249,024, but unless we take a look at what the other averages are, we may not fully understand what that really means.
You see, the cost of buying a home in the Alamo City may seem steep to some, but when you look at it, San Antonians pay significantly less for a home when compared to other major US metropolitan areas. And yet, even with growth and demand, San Antonio still manages to maintain one of the lowest “average” priced housing markets amongst some of the most popular cities in the US.
To get a good idea how our “average” housing price relates to some of those other cities, we’ve compared “average” priced houses in San Jose, Boston, Denver, and Atlanta to similarly priced homes in San Antonio. Think San Antonio is expensive? You may change your mind after you see these cities’ housing prices!
San Jose, California Average Home Price: $970,000
At the top of the hypothetical “extremely high average price” list is this Silicon Valley city, notable for its affluence and high cost of living. In fact, the average house prices in the area are among the highest in the country- a whopping $970,000. For around that price you can get this townhome featuring 4 bedrooms and 2.5 baths. Built in 1971, this 1,800 square foot home is adorned by a quaint backyard and 2-car garage. The asking price? A handsome $975,000- or $535 a square foot.
6311 Sevilla Cir $975,000
Curious to know what $975k will get you in San Antonio? Here in the Alamo City $975,000 will get you a 2012 Parade of Homes Award Winner located in The Dominion. Along with that prestigious title you’ll get 5 bedrooms, 5 full baths and 2 half baths, security cameras, a fully equipped media room, and more, spread out over 5,395 sq feet. At $181 per sq ft, this home is quite a steal- especially compared to our other “average” priced homes!
Boston, Massachusetts Average Home Price: $535,000
Everyone knows that Boston is expensive. In fact, it has been called one of the most expensive places to live, touting tiny, cramped apartments that run almost $1 million. But surprisingly enough, even with all the near million dollar properties, the average price of a home in Boston is $535,000. But here’s the catch: for that half a million dollars you will get this home.
At a whopping $629 per square foot, this condo unit provides 2 bedrooms and 2 bathrooms spread out over a VERY cozy 850 square feet. A steal for the Boston real estate market, the home is located in the City Point neighborhood of South Boston, aka Southie. Though the real estate market is red hot in Southie, the area is going through gentrification, explaining why this home may be priced so “low”.
422 Legacy Rdg $535,000
Considered a “luxury” home in San Antonio, this Canyon Springs property at 422 Legacy Rdg also costs $535k. The beautiful, contemporary, two-story home features beautiful hardwood floors, a great open floor plan, and breathtaking views of the golf course. With just over 3,000 square feet, the home offers 3 bedrooms and 3.5 bathrooms. As a bonus, the outdoor living area is fantastic, with a covered patio & pool.
Denver, Colorado Average Home Price: $485,000
In Denver, the average price of a home is $485,000. For that price you can get this 1,717 square foot home, circa 1952. The home has been renovated to reveal an open, light space, with 3 bedrooms, two baths, and cozy, relaxing living area. Additionally, it offers a single car garage and a small patio, complete with a pergola. For $282 per sq ft, this Denver home could be yours!
1018 Olivia View $485,000
Meanwhile, in San Antonio, $485,000 will get you this home at 1018 Olivia Vw. Set in Terra Bella on the far north side, this 5 bedroom, 4.5 bath home has a “Texas sized” kitchen, downstairs in-law suite, and several other upgrades spread out over 4,000+ square feet.
Atlanta, Georgia Average Home Price: $275,000
A bit closer to our SA average price, the average Atlanta home will run you about $275,000. For that price you could purchase this 1965, recently renovated home in Doraville, a tiny suburb located 12 miles north east of Atlanta. With 2,024 square feet set atop nearly half an acre, this home features abundant natural light, hardwood floors, a new kitchen, and refurbished bathrooms. Because Doraville is not a hugely sought after area, this home is very well priced for the Atlanta market. At $136 per square foot, this “average” priced home would place high on the San Antonio affordability list.
9410 Palomino Path $275,000
Since $275k is pretty common to see in San Antonio, it will come as no surprise that this home at 9410 Palomino Path is for sale for exactly that amount. Located in Wildhorse on the Northwest side of town, this home offers 4 bedrooms, and 3.5 baths. You’ll pay $78 per square foot and you’ll get 3,500+ square feet that includes said beds and baths, plus a media room, game room, study with a huge kitchen.
San Antonio, Texas Average Home Price: $249,024
So, what can you get for the “average” San Antonio home price? For around $249,024 you could get this:
6119 Mackenzie $240,000
8506 Watchtower St. $247,500
12134 Averhoff Cove $249,900
Yep, we are feeling pretty lucky to live in a city that offers affordable real estate! How about you?