San Antonio, TX Rental Investment Market: DSCR & STR Numbers (June 2026)

The Read

What the numbers say about investing in San Antonio

San Antonio, TX's rent-to-price ratio is 0.50% — thin by DSCR standards. A $280,000 median price producing $1,390 in monthly rent means the typical deal struggles to cover PITIA at standard leverage, so DSCR borrowers here usually need larger down payments, interest-only structures, or below-median purchases to make the ratio work.

That ratio is below the 0.71% median of our 15-metro DSCR leaderboard, and San Antonio, TX is one of the 25 major metros we track beyond the ranked leaderboard, scoring 38/100 on the same formula. Rents are actually falling (-1.6% year over year), so a deal that barely covers today gets harder, not easier — underwrite with no growth assumption. The catch is carrying cost: 2.10% effective property tax is on the heavy end, and taxes land inside PITIA, so they eat directly into the DSCR ratio.

Here's the honest math: at 20% down and today's indicative rate, the median San Antonio deal computes to roughly a 0.64 DSCR — below 1.0, meaning the rent doesn't fully cover the payment. That doesn't make the market uninvestable, but it does mean DSCR financing at the median price point requires bigger down payments, no-ratio programs at a premium, or deals bought meaningfully below the median.

San Antonio isn't on our short-term-rental board — the opportunity we track here is the long-term rental engine: Texas lease economics, DSCR qualification, and price discipline. Treat every number on this page as a metro-level screen, not an appraisal: rents and prices vary block by block, so run your actual address through the calculator and get a real quote before you write offers.

Data as of June 2026 — refreshed monthly. Metro-level estimates for screening, not underwriting.

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