Jan 8, 2025 - Real Estate
What you need for a starter home
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Buying a starter home in San Antonio is easier now than it was a year ago.
By the numbers: 86.7% of San Antonio metro starter-home listings are affordable for middle-income households, according to a Redfin analysis.
The big picture: Local house shoppers last August needed a $71,000 annual income, down 4.3% from a year earlier, to afford the metro area's typical starter home — which cost $202,000, per Redfin.
- The San Antonio area's median household income is $80,000, Redfin researchers estimated.
Catch up quick: Attracting first-timers is one reason why homebuilders are churning out smaller, less expensive houses.
What we're watching: How President-elect Trump will tackle home affordability, which many 2024 voters said is a top concern.
- Plus, what San Antonio mayoral candidates will propose for affordable housing policy this year.