Airbnb market analysis and investment insights
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San Antonio, TX — Market Intelligence Report
Researched by Chalet's Senior STR Analysts · Verified with local San Antonio market partners
San Antonio’s short-term rental market is defined by a unique blend of affordability and yield, anchored by a full-time operator average annual revenue of $25,219 across 2,377 active listings (Chalet data). This figure sets the real baseline for serious investors, with the broader whole-market median of $30,213 skewed upward by part-time and casual inventory. Median occupancy sits at 49%, with an average daily rate (ADR) of $163 and a median gross yield of 12.32%—all against a median home value of $245,251. Nationally, San Antonio ranks #81 for STR revenue, but its accessible entry price and robust yield profile stand out. Seasonality is moderate: May is the peak at $3,070 revenue and 58% occupancy, while October marks the trough with $1,717 revenue and 41% occupancy—a 1.8x swing that underscores the importance of operational discipline during shoulder months.
For product segmentation, three- and four-bedroom homes represent the market’s backbone, comprising nearly half of all supply. Three-bedrooms (1,218 listings) average $25,085 in annual revenue at a $197 ADR and 49% occupancy, closely mirroring the market’s overall performance. Investors seeking higher returns without moving into boutique territory should scrutinize four-bedrooms: 619 listings generate an average of $34,457 per year at a $260 ADR and 50% occupancy, offering a meaningful revenue step-up for a moderate increase in acquisition cost. For tailored acquisition strategies and on-the-ground insight, a Chalet agent can help navigate both product fit and regulatory nuance.
Geographically, the urban core and near-east neighborhoods deliver the sharpest revenue-to-value ratios. The 78204 zip code (217 listings) leads on yield, posting a median annual revenue of $34,481 at a $200 ADR and 50% occupancy, translating to a striking 21.7% yield on a median home value of $158,669. Nearby 78202 (145 listings) and 78203 (140 listings) also outperform, with median annual revenues of $29,637 and $27,690, and yields of 19.5% and 18.0%, respectively—well above the city median. These clusters offer a compelling blend of price efficiency and booking velocity, making them prime targets for value-driven investors.
San Antonio’s demand is powered by regional drive-market guests, with Houston (7.8% of reviews), San Antonio locals (6.5%), and Austin (4.0%) leading origin markets. International share is limited at 8.0%, underscoring the city’s reliance on domestic travel. Booking lead times average 31 days (median 16), and average stays run five nights, favoring operators who can flex to both short and mid-length bookings. Investors with professionalized operations and local compliance expertise are best positioned to capitalize—use the Chalet ROI calculator to model returns at scale.
Risks are concentrated around regulatory friction and home value softness. The only reliable year-over-year movement is a -3.0% drop in median home value (Mar–May 2026 vs. Mar–May 2025, Chalet data), which tempers capital appreciation assumptions. October is the seasonal trough for revenue and January for occupancy, requiring careful cash flow planning. Regulatory risk is real: San Antonio permits short-term rentals, but non-owner-occupied units face strict 12.5% density caps, high compliance costs, and a 16.75% total lodging tax. Enforcement is complaint-driven, and hosts must manage city and county tax remittance directly. For a full legal and operational picture, review San Antonio STR regulations.
San Antonio’s STR market rewards yield-focused investors who can navigate regulatory hurdles and optimize for value in high-performing urban clusters.
Get matched with top San Antonio, TX lenders who specialize in short-term rental financing — they understand STR underwriting and offer competitive rates for investment properties.
| 78230 |
| 11% |
| $36,200 |
| 110 |
| $344K |
| 3 | 78231 | 10% | $45,201 | 11 | $437K |
| 4 | 78216 | 13% | $35,545 | 122 | $280K |
| 5 | 78253 | 10% | $32,495 | 105 | $322K |
| 6 | 78217 | 13% | $27,862 | 47 | $221K |
| 7 | 78221 | 11% | $18,544 | 20 | $174K |
| 8 | 78238 | 13% | $28,362 | 45 | $218K |
| 9 | 78248 | 5% | $25,212 | 9 | $487K |
| 10 | 78240 | 12% | $29,943 | 123 | $259K |
| 11 | 78228 | 15% | $25,637 | 54 | $167K |
| 12 | 78254 | 12% | $35,967 | 102 | $303K |
| 13 | 78229 | 16% | $29,436 | 102 | $188K |
| 14 | 78250 | 14% | $32,209 | 89 | $238K |
| 15 | 78225 | 18% | $22,641 | 15 | $125K |
| 16 | 78218 | 12% | $22,324 | 35 | $192K |
| 17 | 78266 | 5% | $26,745 | 5 | $564K |
| 18 | 78214 | 15% | $20,058 | 21 | $132K |
| 19 | 78256 | 5% | $27,360 | 23 | $583K |
| 20 | 78249 | 11% | $31,609 | 117 | $294K |
| 21 | 78209 | 6% | $29,220 | 155 | $457K |
| 22 | 78207 | 18% | $19,587 | 44 | $107K |
| 23 | 78244 | 8% | $16,809 | 32 | $212K |
| 24 | 78223 | 15% | $27,027 | 41 | $183K |
| 25 | 78247 | 11% | $30,252 | 57 | $273K |
| 26 | 78215 | 7% | $27,731 | 68 | $413K |
| 27 | 78212 | 11% | $29,371 | 330 | $275K |
| 28 | 78255 | 8% | $43,867 | 68 | $536K |
| 29 | 78222 | 8% | $15,919 | 12 | $211K |
| 30 | 78251 | 15% | $37,416 | 122 | $258K |
| 31 | 78226 | 16% | $20,884 | 5 | $133K |
| 32 | 78237 | 22% | $26,548 | 9 | $121K |
| 33 | 78204 | 22% | $34,481 | 326 | $159K |
| 34 | 78202 | 19% | $29,637 | 218 | $152K |
| 35 | 78227 | 19% | $30,867 | 99 | $161K |
| 36 | 78245 | 13% | $32,429 | 210 | $256K |
| 37 | 78203 | 18% | $27,690 | 210 | $154K |
| 38 | 78242 | 21% | $32,018 | 48 | $152K |
| 39 | 78233 | 11% | $25,440 | 69 | $227K |
| 40 | 78232 | 12% | $46,217 | 66 | $370K |
| 41 | 78201 | 15% | $26,369 | 156 | $172K |
| 42 | 78219 | 16% | $26,284 | 11 | $167K |
| 43 | 78260 | 4% | $22,182 | 27 | $510K |
| 44 | 78210 | 18% | $27,771 | 344 | $158K |
| 45 | 78239 | 9% | $20,071 | 24 | $214K |
| 46 | 78205 | 4% | $25,706 | 194 | $611K |
| 47 | 78261 | 9% | $36,820 | 21 | $433K |
| 48 | 78258 | 8% | $38,399 | 39 | $492K |
| 49 | 78208 | 14% | $23,768 | 71 | $169K |
| 50 | 78220 | 17% | $24,873 | 9 | $148K |
| 51 | 78264 | 4% | $7,894 | 9 | $215K |
| 52 | 78252 | 13% | $31,491 | 78 | $247K |
| 53 | 78224 | 13% | $25,871 | 17 | $202K |
| 54 | 78263 | 5% | $15,470 | 6 | $338K |
| 55 | 78259 | 11% | $44,387 | 24 | $394K |
Click any zipcode above to explore detailed analytics for that specific neighborhood in San Antonio, TX. Each neighborhood page includes comprehensive data on occupancy rates, seasonal trends, and investment projections.
