Alamo Metropolis residents who hire flats are paying 12.1% extra on common than in 2019, according to a recent report from information software program firm Stressa.
Common rental costs within the San Antonio metro climbed from $1,156 in 2019 to $1,296 in 2022, a larger enhance than in Austin over the identical interval, the examine exhibits. Austin solely skilled a ten.4% rise over that point.
Stressa’s examine cited housing provide shortages, elevated demand and inflation because the causes behind the bounce in lease charges.
Stessa’s report isn’t all doom and gloom, although.
The typical enhance in San Antonio rental charges between 2021 and 2022 is beneath the nationwide common of a 17% throughout that point. Additional, San Antonio had solely the third-highest rise in hire costs in Texas. Dallas had the steepest enhance of 15.2% between 2019-2022, adopted by Houston at 12.6%.
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