Think San Antonio is expensive? You may change your mind after you see these cities’ housing prices!
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 priced housing markets amongst some of the most popular cities in the US.
To get a good idea how our housing prices relate to some of those other cities, we’ve compared listings in San Jose, Boston, New York City, Denver, and Atlanta to those with comparable price tags in San Antonio.
1. San Jose, California: Median Home Value is $1,082,600
This 3 bedroom, 2 bathroom, 1,460 square foot home is adorable, to be sure...but is it $1.1 Million adorable? When compared with 602 Morningside Dr ($1,100,000) in the historic Terrell Hills neighborhood, we think the winner is obvious.
This gorgeous home sprawls out over 5,597 square feet and boasts 5 bedrooms, 6.5
2. Boston, Massachusetts: Median Home Value is $599,400
With of a budget around $600,000, a condo might be your best bet in Boston. This beautiful 2 bedroom, 2 bathroom beauty is 1,077 square feet. It might look like a great deal...until you see 442 Private Road 1709.
For the same price as a tiny condo, this 4,000+ square foot home (in the Dancing Bear neighborhood) is nearly four times bigger. Plus, it sits on two acres with stunning views. Enjoy majestic outdoor living with an outdoor kitchen, covered patio, deck, balcony, and hot tub.
3. New York City, NY: Median Home Value is $680,000
Everyone knows New York City is an expensive locale. But even for a whopping $680,000, you might be forced to settle for a single-bedroom condo (like the one pictured above at 812 square feet). For $5,000 less in San Antonio, you can score a single-family home like 12718 Bluff Spurs Trl (pictured below).
On the rapidly growing western side of San Antonio, this 3572 square foot home sits on 1.2 acres in Helotes Canyon and features 4 bedrooms and 3.5 bathrooms. Built for luxury, this home includes a private master suite with a spa-like bath, huge closet, and over-sized shower.
4. Denver, Colorado: Median Home Value is $427,200
The mountains may be gorgeous, but the real estate market in Denver, CO has many homeowners running for the hills. Buyers have to shell out over $400,000 for simple homes like the ones pictured above (3 bedrooms, 2 bathrooms, 1,223 square feet).
Contrastingly, San Antonio houses like 17102 Fawn Crossing Dr ($430,000) offer nearly three times the square footage, along with 5 bedrooms, 3.5 bathrooms, and a generous yard.
5. Atlanta, Georgia: Median Home Value is $259,200
The moral of the story seems to be: if you want to live in another city, you might have to settle for a condo. This single-bedroom, 1,080 square foot condo features plenty of natural light, but nothing can compare to those Texas yards. For a similar price, San Antonio buyers can find properties like 25815 Copperas Ln (pictured below).
This 3 bedroom, 2 bathroom home is a modest 2,160 square feet situated on a corner lot in gated community. With hardwood and tile flooring, a private office space, and a spacious master suite, this gem is perfect for first-time buyers!
Yep, we are feeling pretty lucky to live in a city that offers affordable real estate! How about you?
Thinking about buying or selling? Talk to a lender about your mortgage possibilities (and a KW agent to see what’s out there). Or if you just want to store up your knowledge of the homebuying process for the future, download a FREE copy of our exclusive Buyer’s Guide (created specifically for the SA-area buyer)!
Note: This blog was originally published in 2016 and has been updated to reflect current info.