Where San Antonio lands in new ranking of nation's metro areas by home value growth and stability

San Antonio is among six Texas metro areas ranked in the nation's top 10 for housing value growth and stability in a new report from SmartAsset.
The San Antonio-New Braunfels metropolitan area racked up a 204.11 percent home price change since 1998, according to the financial technology firm's report. That helped put it at No. 9 in the nation, just edging out No. 10 Houston-The Woodlands-Sugar Land, which showed an increase of 203.9 percent. 
At the top of the list was Austin-Round Rock-Georgetown, which had a home price increase of 352.92 percent.
SmartAsset determined its rankings by calculating total growth in home prices for 400 metropolitan areas between 1998 and 2022 along with the frequency of significant drops in value — the incidence of homeowners experiencing declines of 5 percent or more in the decade after a purchase.Home Value Tracker: Check out the most (and least) expensive ZIP codes for San Antonio homebuyers using our interactive toolTexas metropolitan areas dominated the list with 12 cities among the top 20. SmartAsset pointed to San Antonio tourism and the city's large employers as reasons for its housing market's growth and stability.


"Among many other local attractions, Seaworld San Antonio and Six Flags Fiesta Texas bring plenty of tourists to the area while large companies like Valero, USAA and iHeartMedia employ thousands," SmartAsset said. "The population has steadily grown over the last two decades, though not at the same accelerated rate as housing prices."

Regarding the Austin area, it said home prices weren't the only indicator showing growth. 

"The population has nearly doubled in the last 20 years in part thanks to the presence of large tech companies — including Apple, Amazon and Tesla — supporting the local economy," SmartAsset said. It also had a 2 percent historic rate of home value loss. Midland ranked No. 2, with a 255.5 percent increase and no historic home value loss. Odessa was No. 7, at 226.49 percent and a 3 percent historic value loss. Dallas-Plano-Irving was No. 8, with a 213.13 percent increase and 2 percent historic value loss.

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