San Angelo, TX
San Angelo merits investigation by income-focused buyers who can tolerate weak demand signals; growth-dependent buyers should avoid it.
Why this market scores where it does
Written from the figures on this page and then checked against them: every number below had to appear in the source record or recompute from two that did, or the text was rewritten.
San Angelo merits investigation by income-focused buyers who can tolerate weak demand signals; growth-dependent buyers should avoid it. Median asking rent rose 5.1% while median home value fell 1.4%, creating a potentially better entry-income combination, but not evidence that demand is broadly strengthening.
At a $234,266 median value and $1,306 monthly asking rent, gross yield is 6.69%. Rent equals 22.9% of median household income, while price is 3.42 times income. This makes renter affordability a relative strength, but the yield is before operating costs.
Risk sits in thin job and population momentum. Jobs grew 0.3%, and tax filings show net migration of -19 households. Meanwhile, 3.8 months of supply and price cuts on 24.37% of listings give buyers room to negotiate, yet they also reinforce the softer resale picture. The annual climate-loss ratio is 0.0969% of building value, but inland flood is dominant, so insurance terms and property-level exposure need review.
Frequently Asked Investor Questions
What are the core acquisition and income figures?
What does the record show about climate exposure?
What do tax filings show about migration and mover incomes?
Investor Quick Takeaways
Computed from the current Zillow rent and home-value medians.
Zillow ZORI rent growth trend over trailing 12 months.
Originated investment purchase share (CFPB HMDA).
Annualized loss ratio evaluated for flood & hurricane risk.
Test the market, then test the deal
Keep San Angelo as the starting point or move into a more specific property and rent check.
The current market in eight signals
Fast-moving Redfin conditions sit beside the slower fundamentals so a buyer can separate today's negotiating climate from the long-run investment case.
Rents versus prices, indexed to 2019
Both series start at 100. The gap between the lines is the investment case, and which line is closing it tells you what kind of market this is.
What each component measures
Weights are published, not hidden, and the arithmetic is shown. Five components, each measured as a national percentile across all tracked metros.
| Signal | Score | Weight | Points |
|---|---|---|---|
| Job growth | 58 | 30% | 17.40 |
| Rent trend | 74 | 25% | 18.50 |
| Affordability | 62 | 15% | 9.30 |
| Supply pressure | 37 | 15% | 5.55 |
| Climate risk | 87 | 15% | 13.05 |
| Published score | 64 | ||
Job: CES employment grew 0.3% year over year -> labor-market support for housing demand is weak.
Rent: asking rent rose 5.1% and gross yield is 6.69% -> income metrics are the clearest opportunity before expenses.
Affordability: rent equals 22.9% of median household income and price equals 3.42 times income -> tenant affordability supports the case, but buyers must test cash flow at the acquisition multiple.
Supply: 3.8 months of inventory and price cuts on 24.37% of listings -> buyers have negotiation evidence, but resale conditions are not tight.
Climate: the annual building-value loss ratio is 0.0969%, with inland flood dominant -> recorded losses are limited, but water exposure requires property-level review.
What this market costs and what it earns
Every derived ratio below recomputes from the same source record used by the article and score.
What is being built, and for whom
Permits are the 12-to-24 month early warning. The total matters less than the mix: apartments compete with a rental the day they open.
Demand, and the competition for it
Tax filings say how many households moved and what they earn; mortgage disclosures say how many local purchases went to someone who will not live there. Moves between counties inside this metro are netted out of both flow figures.
What would make this a bad buy
Generated from the same figures with the instruction to argue against the score, and published unedited. A page that only agrees with itself is an advertisement.
Three ways the case breaks
- CES job growth was only 0.3%, providing little evidence of expanding employment demand.
- Tax filings show 3,179 households moved out versus 3,160 in, leaving net migration at -19.
- Median home value fell 1.4%, and 24.37% of listings had price cuts, signaling valuation and resale pressure.
Move from the metro average to local evidence
County pages carry tax, migration, listing and hazard records. City pages appear only where direct city price, rent and Census evidence pass the publication gate.
Metros that behave like San Angelo
Nearest neighbours on price level, income, yield and job growth — not on geography. Every market page gets a different peer set, which is the point.
| Metro | Score | Price | Rent | Yield | Job Growth |
|---|---|---|---|---|---|
| San Angelo, TX (Target) | 64 | $234k | $1,306 | 6.7% | ▲ 0.3% |
| Owensboro, KY | 61 | $216k | $1,189 | 6.6% | ▲ 0.1% |
| Victoria, TX | 52 | $224k | $1,212 | 6.5% | ▲ 0.4% |
| Bangor, ME | 45 | $290k | $1,563 | 6.5% | ▼ 0.2% |
| Lima, OH | 66 | $196k | $1,177 | 7.2% | ▲ 0.1% |
Where every figure came from
“Checked nightly” means every source is re-pulled and re-verified each night. It does not mean every source moves nightly — the release column tells you how fresh each number can possibly be.
| Dataset Source | Method | Release Period | Pulled Date |
|---|---|---|---|
| Census ACS 5-year — household income | direct | ACS 2024 5-year | 2026-07-26 |
| Census ACS 5-year — population | direct | ACS 2024 5-year | 2026-07-26 |
| BLS CES — payroll employment | direct | CES SM current | 2026-07-26 |
| BLS LAUS — resident employment | direct | LAUS current | 2026-07-26 |
| BLS QCEW — county employment and wages | direct | annual county employment and wages 2025 vs 2024 | 2026-07-31 |
| OMB/BLS delineation — metro geography | direct | OMB July 2023 delineation | 2026-07-30 |
| Census Building Permits Survey — permitted units | direct | BPS through 2026 | 2026-07-26 |
| Census ACS 5-year — city population, households and housing | direct | ACS 2024 5-year | 2026-07-29 |
| Census ACS 5-year — county housing value, tenure and stock | direct | ACS 2024 5-year | 2026-07-30 |
| Census ACS 5-year — cities and communities | direct | ACS 2024 5-year | 2026-07-30 |
| FEMA National Risk Index — hazard loss ratios | modelled | NRI counties (FEMA ArcGIS) | 2026-07-26 |
| FHFA House Price Index — annual county appreciation | direct | annual county HPI 2025 | 2026-07-28 |
| HMDA / CFPB — purchases by occupancy type | direct | HMDA 2024 purchase originations | 2026-07-26 |
| HUD Fair Market Rents — Section 8 standard | direct | FY2026 FMR | 2026-07-26 |
| HUD USPS crosswalk and Small Area FMRs — ZIP rent fallback | direct | ZIP-CBSA 2025Q4 + SAFMR FY2026 | 2026-07-26 |
| IRS SOI — county migration and mover income | direct | SOI migration 2022-2023 | 2026-07-26 |
| Freddie Mac PMMS — mortgage rates | direct | week of 2026-07-23 | 2026-07-27 |
| Census ACS 5-year — effective property tax | direct | ACS 2024 5-year | 2026-07-27 |
| Realtor.com Economic Research — county listing inventory | direct | county inventory 2026-06 | 2026-07-28 |
| Redfin Data Center — inventory, days on market, and price cuts | direct | metro tracker through 2026-05-01 | 2026-07-26 |
| Zillow ZHVI and ZORI — county values and rents | direct | county ZHVI/ZORI 2026-06 | 2026-07-26 |
| Zillow ZHVI — metro home values | direct | Metro_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv | 2026-07-26 |
| Zillow ZHVI — city home values | direct | zillow_zhvi_city.csv | 2026-07-29 |
| Zillow ZORI — metro market rents | direct | Metro_zori_uc_sfrcondomfr_sm_sa_month.csv | 2026-07-26 |
| Zillow ZORI — city market rents | direct | zillow_zori_city.csv | 2026-07-29 |
| Zillow ZORI — ZIP market rents | direct | ZORI ZIP 2026-06 | 2026-07-26 |