San Antonio will continue to see population boom next year, real estate experts say

San Antonio’s recent population boom shows no signs of slowing, according to the National Association of Realtors (NAR), which listed the metro among its top 10 “housing hotspots” for 2025.

Thanks to an influx of 22,000 people in 2023, the U.S. Census Bureau named San Antonio the city with the biggest population boom that year.

The NAR, which didn’t rank its “housing hotspots” in order, partly attributes the continued influx into San Antonio to interest rates here, which are lower here than the national average. The metro’s interest rates recently hovered around 6.4%, compared to 7% nationally. 

“Borrowers in San Antonio were able to secure mortgage rates well below the national average in 2023, at 6.4%,” the NAR report reads. “This suggests that buyers in the area benefit from a combination of local market dynamics that lead lenders to assess lower risk in this area.”

[Source: U.S. Census Bureau]

The study also credits increased opportunity in the Alamo City with the population growth. “Additionally, San Antonio has experienced one of the strongest rates of job creation since pre-pandemic levels, which continues to draw new residents to the area,” the analysis states.

Within the report, San Antonio was grouped with New Braunfels in what the NAR refers to as the “Texas Triangle.” Both spots are trending similarly for the new year. 

The NAR predicts that rates will create favorable conditions for buyers in the coming year, enticing more to buy both locally and nationally. In 2024, 3.96 million people bought homes nationally, an increase from 3.85 million the year before, according to the association’s estimates.

For 2025, the NAR predicts that national total will shoot up to 4.5 million.

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