San Angelo’s housing market has experienced notable shifts, reflecting broader economic trends and local developments. Understanding these changes is crucial for prospective buyers, renters, and investors.
Current Market Trends
As of May 2026, the median sale price for homes in San Angelo stands at approximately $250,000, marking a slight increase of 0.02% compared to the previous year. Homes are typically on the market for about 55 days before being sold, indicating a balanced market where neither buyers nor sellers have a distinct advantage. The number of homes sold in May was 344, a slight decrease from 348 in the same month last year.
Rental Market Insights
The rental market in San Angelo remains competitive. The average rent is $1,266, which is below the national average of $1,951. This affordability continues to attract residents seeking cost-effective living options.
New Developments and Affordable Housing
In September 2025, the Texas Department of Housing and Community Affairs celebrated the opening of Roosevelt Lofts, a 25-unit affordable housing development for residents aged 55 and older. Located at 50 North Chadbourne Street, this project transformed the historic Roosevelt Hotel into income-restricted housing, addressing the need for affordable senior living options in the area.
Investment Opportunities
San Angelo presents promising opportunities for real estate investors. The city has experienced a 3.6% year-over-year appreciation in median home prices, with a strong rental yield of 6.5%. These factors, combined with a favorable price-to-income ratio of 3.67x, make San Angelo an attractive market for both new and seasoned investors.
In summary, San Angelo’s housing market is characterized by stability and growth. Whether you’re considering purchasing a home, renting, or investing, staying informed about these trends will help you make well-informed decisions in this evolving market.