Thursday, August 25, 2016

Can Renters Afford To Buy A Home?


For many living the “American dream” often includes buying a home, but according to a recent report by our friends over at Zillow many San Antonian’s struggle to make the jump from renter to homeowner.

San Antonio was ranked 15th on a list of markets with the lowest share of renters qualified to buy a home. As the median price of homes in San Antonio remains around $150,000, only 10% of renters meet the requirements, income and credit score, to qualify for homeownership. For the Alamo city that means that only approximately 60% of residents own their homes.

See the stats on other Texas cities and how San Antonio matches up to cities such as Houston and Austin.

We understand that homeownership is not for everyone, and strongly believe that you should do what makes financial sense for you. Whether you are interested in renting an apartment or need help buying house, our office can help you!  All of our experts are knowledgeable with the tools necessary to help you find the perfect place to live in San Antonio. Contact us today!