Market Snapshot
- Median listing price
- $225K
- Median rent
- $1,450/mo
- Days on market
- 140 days
- Gross rental yield
- 7.73%
- STR vs LTR
- $1,173/mo STR · $1,450/mo LTR
The median listing price in San Antonio, TX ZIP 78223 is $225,000 as of June 2026.
The median market rent in San Antonio, TX ZIP 78223 is $1,450/month as of June 2026.
The median days on market in San Antonio, TX ZIP 78223 is 140 days as of June 2026. The market is currently neutral.
At a median list price of $225,000 and a median rent of $1,450/month, the gross rental yield in San Antonio, TX ZIP 78223 is 7.73% as of June 2026.
In San Antonio, TX ZIP 78223, median Airbnb revenue is $1,173/month compared to median long-term rent of $1,450/month as of June 2026.
San Antonio, TX 78223 Real Estate Market Report
ZIP Code: 78223
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in San Antonio, TX 78223 are approximately 6.4%, reflecting a stable market environment for property owners compared to the 6.0% to 6.5% range typical for loans originated earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary market indicator is the median sold price 164,150, which establishes recent transaction value and suggests that realized sale prices are materially below the current asking benchmark in the sample (median listing price 225,000), indicating pricing friction between seller expectations and closed transactions.
- Extended selling timelines — median days on market 140 — combined with elevated inventory relative to sales activity suggests slower sales velocity, which may require sellers to price more competitively or offer concessions to achieve timely closings.
- Market-level trend signals are cautious: year-over-year price movement is reported as flat and market temperature is described as neutral, implying a balanced market where neither side has a decisive advantage and small pricing adjustments could shift outcomes.
- Rental and financing context is a headwind for near-term upside: median market rent is 1,450 and rent year-over-year trend is down, while interest rate pressure is assessed as moderate (local 30-year fixed rates cited around 6.4%), which may soften investor demand and extend time-to-sale for some listings.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Sold below market average
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 1.8% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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