Zip code 78253, located in San Antonio, Texas, has experienced significant growth and development over the past decade. This area has seen a consistent trend of high homeownership rates, coupled with steadily increasing average home prices and average rent prices. The homeownership rate in zip code 78253 has remained relatively stable, with a slight decrease from 84% in 2013 to 80% in 2022. Despite this minor decline, the area maintains a high proportion of owner-occupied housing units. Concurrently, average home prices have shown a substantial increase. In 2010, the average home price was $205,112, which rose steadily to $359,412 by 2022, representing a 75% increase over 12 years. This upward trend in home prices, despite the slight decrease in homeownership, suggests a strong and desirable housing market in the area.

Federal interest rates have played a role in homeownership trends. From 2010 to 2021, interest rates remained notably low, ranging from 0.08% to 2.16%. This period of low interest rates coincided with the area's high homeownership rates, likely contributing to the affordability of mortgages for many residents. However, the slight decrease in homeownership from 2013 to 2022 occurred despite these low rates, indicating that other factors, such as rising home prices, may have influenced buying decisions.

The percentage of renters in zip code 78253 increased modestly from 16% in 2013 to 20% in 2022. This trend coincided with a rise in average rent prices, which increased from $1,542 in 2013 to $1,582 in 2022. The population growth in the area, from 32,215 in 2013 to 61,571 in 2022, likely contributed to the increased demand for rental properties and the subsequent rise in rent prices. Despite the population nearly doubling during this period, the increase in average rent prices was relatively moderate at about 2.6%.