Twenty homes are available for rent in a neighborhood in the town of St. Hedwig, according to Tricon’s website. The rents range from $1,969 to $2,439 a month.
Along with Abbott Place, its website lists one other community in the San Antonio market:
Preston Hollow Community Capital, a Dallas investment firm, is constructing a 492-home community named Los Cielos at Brooks, the redeveloped former Brooks Air Force Base, according to aThis would be the first build-to-rent community constructed within Loop 410, according to the report by Rice. Across the U.S., the communities tend to be built in “farther-out suburban areas,” she said in the report.
Though that number is rising, it still represents a small portion of the total local housing stock, he said — only about 0.4 or 0.5 percent.Credit:Over the last decade — between March 2013 and the same month this year — the median price of a home in the San Antonio-New Braunfels metro area nearly doubled, rising from $159,900 to $310,000, according to theMeanwhile, interest rates for a 30-year fixed-rate mortgage skyrocketed from 3.42% in May 2013 to 6.39% this week.
“People are renting longer, for all sorts of reasons, the cost of housing being the most obvious,” she said. “It’s harder to buy a home, so people are renting longer, and they need more space. That’s kind of the general framework.” Over the last six months, home prices in the San Antonio-New Braunfels metro area haven’t been rising at the blistering pace of 2021 and 2022.
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