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Zip Code 78252: Rising Home Values and Ownership Rates in San Antonio's Growing Neighborhood
CATEGORY
Property Value
DATA
Percent Owner Occupied
Housing Prices
Median Rent
Population
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Property Value
Percent Owner Occupied
Housing Prices
Median Rent
Population
Zip code 78252, located in San Antonio, Texas, has experienced significant growth and changes in recent years. This area has seen a notable increase in homeownership rates, rising average home prices, and fluctuating rent prices over the past decade.
The homeownership rate in zip code 78252 has shown a strong upward trend, particularly in recent years. In 2013, the homeownership rate was 77%, which increased to 81% by 2022. This rise in homeownership coincides with a substantial increase in average home prices. In 2013, the average home price was $127,448, which steadily rose to $256,791 by 2022, representing a 101.5% increase over this period. The most significant jump occurred between 2020 and 2022, with average home prices rising from $188,328 to $256,791, a 36.4% increase in just two years.
The relationship between federal interest rates and homeownership rates in this zip code shows an interesting pattern. Despite the federal interest rate increasing from 0.08% in 2021 to 1.68% in 2022, the homeownership rate in zip code 78252 continued to rise from 79% to 81%. This suggests that other factors, such as local economic conditions or housing supply, may have had a stronger influence on homeownership trends in this area than national interest rates during this period.
Renter percentages in zip code 78252 have generally decreased as homeownership rates increased. In 2013, renters made up 23% of the population, which decreased to 19% by 2022. Average rent prices have shown some fluctuation but with an overall upward trend. In 2013, the average rent was $1,178, which increased to $1,329 by 2022, representing a 12.8% increase. It's worth noting that there was a significant spike in average rent to $1,388 in 2021, followed by a slight decrease in 2022. The population growth in this zip code, from 8,342 in 2013 to 17,306 in 2022, may have contributed to the overall increase in rent prices due to higher demand for housing.
Looking at the most recent data, the average home price in zip code 78252 reached $257,948 in 2023, showing a slight increase from 2022. However, in 2024, there was a minor decrease to $251,428. This recent trend coincides with a significant increase in federal interest rates, which rose to 5.02% in 2023 and further to 5.33% in 2024. These higher interest rates may be contributing to the slight cooling in home prices observed in 2024.
Applying predictive models to forecast 5-year trends, we anticipate that average home prices in zip code 78252 may continue to experience moderate growth, albeit at a slower pace than seen in recent years. This projection is based on the area's consistent population growth and the recent trend of increasing homeownership rates. Average rent prices are expected to maintain a steady upward trajectory, driven by the area's growing population and the potential for increased demand in the rental market as some potential buyers may be priced out of homeownership due to higher interest rates.
In summary, zip code 78252 has demonstrated a strong trend towards increased homeownership, with significant growth in average home prices over the past decade. The area has also seen steady population growth, which has likely contributed to rising rent prices. Recent data suggests a potential stabilization in home prices, possibly influenced by rising interest rates. These trends indicate a dynamic and evolving housing market in this San Antonio zip code, with homeownership becoming increasingly prevalent among residents.
