Investment Overview

San Antonio is the second-largest city in the state of Texas and the seventh-largest city in the United States. It is in the south-central part of the state. The city is home to the famous River Walk, the Alamo, SeaWorld, and the Six Flags Fiesta Texas theme park. According to a recent report from the San Antonio Economic Development Foundation, San Antonio’s economy is projected to continue to grow in 2023. The city is projected to see a 3.2% increase in GDP, with an estimated 2.5% increase in population and 2.6% increase in employment. The city’s industries are projected to see the most growth in the professional and business services sector, with a 4.2% increase in jobs. Additionally, the tourism industry is expected to remain strong, with a projected 5.5% growth in visitor spending. Overall, San Antonio is expected to remain a strong and vibrant economy in 2023. According to Forbes, the average home price in San Antonio is up 4.3%, with an average price of $203,000 in 2019. There is a huge demand for housing with a 3.5% annual growth rate in home prices. In addition, San Antonio is home to several large employers, such as USAA, Valero Energy, and Rackspace, that are helping to boost the local economy and create new jobs. With a strong job market and affordable housing, San Antonio is an attractive destination for investors seeking a reliable and long-term return on their investments.