Over the course of the pandemic, nine San Antonio ZIP codes became prohibitively expensive for median income households.
By HUD standards, 45% of the San Antonio area is technically unaffordable for median income households.– San Antonio homebuyers looking in the city’s North and West sides may find themselves locked out of an increasing number of areas.
Over the course of the pandemic, nine San Antonio ZIP codes became prohibitively expensive for median income households: four on the North Side, four on the Far West Side, and one in the Lone Star district downtown. This is calculated using a 30% debt-to-income ratio – which the U.S. Department of Housing and Urban Development says is the threshold for affordability – pre-pandemic and post-pandemic median home prices and income figures, and a 30-year mortgage rate of 5.1%.
By this measure, 45% of San Antonio ZIP codes are technically unaffordable for median income households. Of the ZIP codes which went from affordable to unaffordable, the largest mortgage rate increase was in 78251, a Government Canyon ZIP code on the Far West Side, where monthly mortgage payments increased by 44%, or $542. The largest dollar increase was just west of there in 78253, at $581.
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