The amount of active inventory in the San Antonio metro is up 18% since last year, according to the San Antonio Board of Realtors. Credit: Pexels / RODNAE Productions
The average annual salary needed to afford a home in San Antonio has now climbed to more than $87,000, according to a recent report.

A new analysis by online real estate firm Redfin found that those looking to buy a $325,000 house — San Antonio’s median home price in October — will need an earn at least $87,453 a year.

That’s more than the 2022 median income for a family of four in the San Antonio-New Braunfels metro area, which was just $83,500, according to the U.S. Department of Housing and Urban Development.

With a monthly mortgage payment of $2,186, the annual salary needed to afford the median San Antonio home price jumped 49.4% from 2021, Redfin also found.

Although San Antonio housing prices have escalated in recent years, buying a home here is still more affordable than the national average, according to Redfin’s report. Nationally, consumers need an annual income of $107,281 to buy a typical home.

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This article appears in Nov 16-29, 2022.

Michael Karlis is a Staff Writer at the San Antonio Current. He is a graduate of American University in Washington, D.C., whose work has been featured in Salon, Alternet, Creative Loafing Tampa Bay, Orlando...