With multi-family construction on the rise, apartment vacancy down and rent going up, it is clear that San Antonias love to rent apartments. This year there were two areas in and around San Antonio that continued to report an increase in their apartment occupancy rate, even when some San Antonio markets were weakened. Let’s take a deeper look at those areas, and check out why they have become so popular to San Antonio renters!
Kerrville is a smaller town located only 62 miles northwest of San Antonio, and in the heart of the hill country. The city is home to Schreiner Universityas well as Alamo Colleges – Greater Kerrville Center. Located on Interstate 10 Kerrville has two major highways intersecting, State Highway 16 and 27. It is a town thriving on the hospitality and tourism industry, as well as business communities like James Avery’s headquarters.
Job growth is positive and the city has seen a slow and steady growth in population. The majority of the people residing in the Kerrville area are smaller households and they fall in the 35 years or older category.Kerrville has maintained a low unemployment rate while increasing their tourism by twelve percent, which is a good sign for the growth of the area.
Apartment rent rates in Kerrville continue to rise up, while apartments across the board in Kerrville remain at least ninety-eight percent occupied. Kerrville is one of the few areas in and around San Antonio to experience a growth in both occupancy and rental rates. It is also worth noting that that they also have some of the lowest priced apartments across San Antonio. It is not that uncommon to see San Antonians renting in Kerrville and working in San Antonio.
It is clear that both these areas have become very desirable places to live given their continued rise in apartment demand. Are you interested in renting in San Antonio? Contact one of our apartment finders and let us help find you the apartment in your budget in your desired part of town!