San Antonio, TX

Rent vs buy in San Antonio

Median home $258,700. A 1 bedrooms rents for $1,052 a month. Ownership is modelled at 20% down, 6.5% APR, property tax and upkeep.

Rent · 1 bedrooms: $1,052; per month
Own the median home: $1,948; P&I, tax, insurance, upkeep
Owning costs extra: $896; per month, same metro

What a purchase actually costs

20% down payment$51,740
Mortgage at 6.5%$1,308
Property tax (1.87% of value)$403/mo · $4,838/yr
Insurance and upkeep (1.1%/yr)$237
Total monthly ownership$1,948

Census ACS 2023: 48.8% of renter households in this metro put 30% or more of income toward rent.

Months of leftover to save the down payment

At $2,832 left over a month, it takes about 19 months (1.6 years) to save $51,740 if every leftover dollar goes to the down payment — which it won't.

Rent is asking rent for a new lease. Home value is the Census ACS median. The mortgage is a 30-year fixed at 6.5% with 20% down — a yardstick, not a quote. Not housing or lending advice.