The story of this market
The typical home in ZIP 78231 sells for about $550,000, or $265 per square foot.
Prices are down 6.1% from a year ago, which gives buyers more room to negotiate. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 78231 — San Antonio
The 78231 housing market is currently experiencing a price correction, with median prices down 6.1% year-over-year. Despite this, the area remains competitive due to its strong school district and central location. Inventory levels are moderate, and the market is adjusting to higher interest rates.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with high-quality schools and convenient access to San Antonio's major employment hubs.
Median prices moved down 6.1% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
34% of listings have cut prices · homes sell at 98.2% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 5.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 78231, Bexar County TX
The area is served by highly-rated public schools within the North East Independent School District.
The area faces standard regional risks for severe storms and heat, with property insurance premiums trending upward due to regional climate exposure.
The area benefits from proximity to the San Antonio medical center and major corporate corridors, with steady infill development and residential demand.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Residents have convenient access to Loop 1604 and I-10, providing a direct commute to the San Antonio employment core.
The area features proximity to Phil Hardberger Park and various golf courses, with extensive retail and dining options along the Wurzbach Parkway corridor.
The rental market is stable with a mix of single-family rentals and apartment communities, showing moderate vacancy pressure.
The economy is anchored by the San Antonio medical sector, military installations, and professional services.
The area is primarily car-dependent, with major transit corridors provided by Loop 1604 and I-10.
Ongoing residential infill and commercial redevelopment projects are active along the major highway corridors.
Bexar County Appraisal District manages property assessments with annual updates based on market value.
Parcels are subject to North East ISD taxes and various municipal utility district levies.
Property insurance premiums are rising due to regional weather patterns and increased replacement costs.
Data retrieved from Census Reporter and ACS 5-year profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Six Flags Fiesta Texas4.33.3 mi
- SeaWorld San Antonio4.312.6 mi
- Traders Village San Antonio4.518.2 mi
- San Antonio Aquarium4.17.7 mi
- Morgan's Wonderland4.810.4 mi
- Alamodome4.312.7 mi
- Frost Bank Center4.513.2 mi
- Henry B. González Convention Center4.612.4 mi
- Historic Market Square4.611.7 mi
- San Antonio Botanical Garden4.710.8 mi
- San Antonio River Walk4.712.2 mi
- The Alamo4.612 mi
- Six Flags Fiesta Texas4.33.3 mi
- SeaWorld San Antonio4.312.6 mi
- San Antonio Zoo4.59.9 mi
- The Alamo4.612 mi
- Natural Bridge Caverns4.714.7 mi
- Pearl4.711.1 mi
- Hopscotch San Antonio4.711.7 mi
- The DoSeum4.510.6 mi
- San Antonio River Walk4.712.2 mi
- Pearl4.711.1 mi
- Japanese Tea Garden4.810 mi
- San Antonio Botanical Garden4.710.8 mi
- Brackenridge Park4.710.2 mi
- La Cantera Resort & Spa, A Signia Hilton Resort4.54.1 mi
- Topgolf San Antonio4.42.4 mi
- Canyon Springs Golf Club4.57.6 mi
- Dominion Country Club4.55.7 mi
- Cedar Creek Golf Course4.16 mi
- North Star Mall4.56 mi
- The Shops at La Cantera4.63.6 mi
- Ingram Park Mall4.39.1 mi
- Shops at Rivercenter4.512.1 mi
- Historic Market Square4.611.7 mi
- San Antonio International Airport4.36.4 mi
- Alamo Helicopter Tours4.918 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional park offering extensive hiking trails and nature education.
A residential enclave known for its green spaces and community atmosphere.
Key-figure check: median price diverges 15.1% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $467,000 (-15.1% vs the prior refresh cycle) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.