Loading Content...
Braun Hollow: Rising Home Values and Shifting Ownership in San Antonio
CATEGORY
Property Value
DATA
Percent Owner Occupied
Housing Prices
Median Rent
Population
Loading Content...
Property Value
Percent Owner Occupied
Housing Prices
Median Rent
Population
Braun Hollow, a neighborhood in San Antonio, Texas, has undergone significant changes in its real estate landscape over the past decade. The area has experienced fluctuations in homeownership rates, with a general trend towards increased renting. Average home prices have shown consistent growth, while average rent prices have exhibited more variability.
The homeownership rate in Braun Hollow has declined notably from 2013 to 2019, dropping from 93% to 60%. This trend coincided with a steady increase in average home prices, rising from $166,233 in 2013 to $225,235 in 2019. The inverse relationship between homeownership rates and average home prices suggests that rising property values may have priced out some potential buyers, leading to a shift towards renting.
Federal interest rates have influenced homeownership trends. From 2013 to 2016, when interest rates were at historic lows (0.11% to 0.40%), homeownership in Braun Hollow remained relatively high, ranging from 93% to 78%. As interest rates began to rise in 2017 (1.00%) and 2018 (1.83%), homeownership rates declined to 76% and 70% respectively. This aligns with the general trend of lower interest rates encouraging homeownership due to more affordable financing options.
The renter population in Braun Hollow has grown substantially, increasing from 7% in 2013 to 40% in 2019. This shift correlates with fluctuations in average rent prices. In 2013, the average rent was $1,443, rising to a peak of $1,614 in 2015 before stabilizing around $1,575 in 2019. The increasing renter population, despite rising rent prices, may indicate a growing demand for rental properties in the area, possibly driven by the neighborhood's desirability and the challenges of homeownership.
In 2023, the average home price in Braun Hollow reached $325,454, representing a significant increase from previous years. However, in 2024, there was a slight decrease to $323,440. This minor downturn coincides with higher federal interest rates, which stood at 5.02% in 2023 and 5.33% in 2024. These higher rates may be contributing to a cooling effect on the housing market.
Looking ahead, predictive models suggest that average home prices in Braun Hollow may continue to rise, albeit at a slower pace than in recent years. Over the next five years, average home prices could potentially reach around $350,000 to $375,000, depending on economic conditions and local market factors. Average rent prices are projected to follow a similar upward trajectory, potentially reaching $1,600 to $1,700 per month by 2029.
In summary, Braun Hollow has experienced a shift from a predominantly homeowner community to one with a more balanced mix of owners and renters. This transition has occurred alongside rising property values and fluctuating rent prices. The neighborhood's real estate market has shown resilience and growth, with recent data indicating a potential stabilization in home prices. These trends reflect the dynamic nature of San Antonio's real estate market and the evolving preferences of residents in this thriving Texas community.
