Home of the Alamo, San Antonio is one of Texas' larger cities and among its most popular destinations for visitors. In addition to the tourist industry, the city is also known for its AirForce base. San Antonio is close to the Mexican border, as well as within driving distance of Houston.

Real Estate in San Antonio

San Antonio is a large city that has a relatively even economy. The unemployment rate is below the national average, but new jobs are not being created as quickly as the population is growing. This results in incomes well below national averages, and home prices in the range of about half that of the national average.

This is not to say that San Antonio is suffering. The city still sees over 20 million tourists a year, and projected growth is well beyond prospects for other cities. With these forecasts, combined with the low price of property, San Antonio real estate may well be a great place to look for investments.

Foreclosure and HUD investments are aplenty in San Antonio. As with most of Texas, a lot of discount realty was damaged in recent flooding, and is need in of significant repairs. The Federal Emergency Management Agency has declared the Texas floods a Federal disaster area, and may provide funds for repairs. If you intend to purchase discount realty in San Antonio, prices range between $38,000 and $87,000 for homes, some of which are damaged and some of which are not.