More proof that the word is out about living in San Antonio. Data just released shows that, “San Antonio ranks No. 3 for largest 1-year population increase,” from July 2015 to July 2016," said the San Antonio Business Journal. The net increase was 24,473 residents, according to new population estimates from the U.S. Census Bureau.
San Antonio was the highest-ranked city in Texas; four others made the top 10: Dallas, Fort Worth, Houston, and Austin. Phoenix and Los Angeles came in at No. 1 and No. 2 on the list. San Antonio employment growth and affordability are two reasons the city continues to add residents. For people who have been thinking about buying a home in San Antonio, reports from Trulia that show that it’s far less expensive to buy in the city than rent—“at a 50 percent cost difference benefiting homeownership,” said culturemap San Antonio. “In order for buying to become less advantageous than renting in San Antonio, home prices would have to jump to a median $336,942, while interest rates would have to rise to 13.3 percent.”
San Antonio employment makes it one of the top job markets in the country. Among many other accolades, the city was recently named to Forbes’ list of Best Places for Business and Careers for its “projected annual job growth of 2.7 percent, 26.7 percent college attainment and 1.5 percent high-tech employment.”
Southside San Antonio continues to show its strength as one of the hottest areas in San Antonio, adding new residents and businesses all the time. Brooks City Base continues to transform into one of San Antonio’s most exciting work/play destinations, with numerous restaurants and shops, hotels, and entertainment options. And Southside companies like the San Antonio Toyota Plant, the Texas A&M University campus, and the new two-story HEB supermarket continue to thrive.
The Southside is home to a wide range of homebuyers, many of whom grew up in the area and are looking to raise their children in this revitalized part of the city. In addition, it attracts military homebuyers in San Antonio who want an ideal location that’s close to Fort Sam Houston and Randolph Air Force Base, and buyers looking to buy a new home in San Antonio’s most promising area.
For more information about where to live in San Antonio and buying a new home on the Southside, visit Mission del Lago, the fastest-growing community in its price range—and one of the fastest-growing regardless of price range—in the city. This masterplanned community on the Southside offers new homes in San Antonio with modern floorplans and desirable features in a convenient and growing South San Antonio location.
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