Faculty grads dwelling in San Antonio have already got quite a bit on their minds this summer season with job looking out and profession constructing, however at the very least they will not have to fret as a lot about the place to place down roots: San Antonio is the No. 4 greatest U.S. marketplace for new graduates in 2024, in response to a brand new report by Zillow.
Zillow in contrast the lease affordability, job market, and demographics throughout the 100 largest U.S. metros to find out the perfect housing markets for latest graduates.
San Antonio’s actual property market has dramatically improved as a prospect for brand spanking new graduates since 2023, when it beforehand ranked No. 60 nationwide in a separate report by ApartmentAdvisor.
The remaining high housing markets are situated in Phoenix, Arizona (No. 1); Albuquerque, New Mexico (No. 2); Colorado Springs, Colorado (No. 3); and Portland, Oregon (No. 5).
Based mostly on the examine’s knowledge, new school grads in San Antonio make a median wage of $61,643 a yr. The everyday lease within the metropolis is $1,477 monthly, which Zillow factors out is essentially the most reasonably priced month-to-month lease worth out of the highest 5 markets.
Furthermore, the report discovered San Antonio lease costs add as much as 28.8 % of a graduate’s annual revenue. This enables residents the flexibleness to discover all of what the town has to supply, or to place cash away for a future down cost, says Zillow financial analysis knowledge scientist Anushna Prakash.
“Zillow’s greatest markets for brand spanking new grads are nice locations to kickstart a profession and take the primary steps of maturity,” mentioned Prakash. “For renters who do not thoughts a housemate or two, renting a room may help avoid wasting further money and would possibly even introduce lifelong mates.”
Concessions – like a free month of lease or free parking – are one other huge issue that boosted San Antonio’s rating, as practically half (48 %) of all rental listings within the metropolis provide concessions.
San Antonio was the highest-ranked Texas metropolis within the nationwide housing market evaluation, with Dallas (No. 6) and Austin (No. 10) falling behind.
The highest 10 housing markets for brand spanking new graduates in 2024 are:
No. 1 – Phoenix, ArizonaNo. 2 – Albuquerque, New MexicoNo. 3 – Colorado Springs, ColoradoNo. 4 – San Antonio, TexasNo. 5 – Portland, OregonNo. 6 – Dallas, TexasNo. 7 – Raleigh, North CarolinaNo. 8 – Denver, ColoradoNo. 9 – Spokane, WashingtonNo. 10 – Austin, Texas
