The Housing Market in Converse Today
Converse, TX, a growing suburb northeast of San Antonio, has seen steady housing demand in recent years due to its proximity to major employers like Amazon and Randolph Air Force Base. The city’s population has surged by over 10% since 2020, putting pressure on the housing market. Compared to central San Antonio, Converse offers more affordable options for both renters and buyers, attracting young families and professionals.
The local economy’s stability, anchored by military and logistics jobs, has helped Converse weather economic fluctuations better than some neighboring communities. However, the influx of new residents has led to rising prices and limited inventory, especially for entry-level homes. Developers are responding with new apartment complexes and single-family subdivisions, but demand still outpaces supply in many areas.
For those considering a move to Converse, understanding the nuances of the local market is key to finding the right housing option. Whether renting or buying, expect competition for well-priced properties in desirable neighborhoods like Hanover Cove and Cimarron Landing. Factor in commute times and access to amenities when evaluating costs, as prices can vary significantly based on location.
Renting in Converse: Typical Costs and Trends
As of 2025, renters can expect to pay around $1,100-$1,400 per month for a basic 1BR apartment in Converse. Prices for 2BR units typically range from $1,300 at older complexes to upwards of $1,800 for new construction with amenities like pools and fitness centers. Rents are highest near the Randolph AFB gate and along the FM 78 corridor, where many apartments cater to military personnel and their families.
Young professionals increasingly choose Converse for its relative affordability and proximity to San Antonio’s tech hubs. Many gravitate towards newer complexes along Loop 1604 with quick highway access. Retirees and empty nesters, attracted by the area’s quiet neighborhoods and lower costs, often opt for low-maintenance apartments in the city center within walking distance of shops and services.
Renters in Converse can expect annual rent hikes around 3-5%, in line with the San Antonio metro average. Those looking for deals may have luck at smaller complexes or privately-owned rentals in established neighborhoods like North Park and Ventura. Wherever you choose, budget for utilities, which can add $100-$200+ to your monthly expenses depending on the season and energy efficiency of the unit.
Owning a Home in Converse: Prices, Taxes, and HOA Fees
The median home price in Converse hovers around $325,000 as of 2025, up nearly 30% from five years prior but still below the San Antonio metro median of $400,000+. First-time buyers and young families can find entry-level homes in the $250,000-$300,000 range, primarily older ranch-style properties or new construction farther from the city center. Move-up buyers have options in the $400,000-$600,000 range, including spacious new builds in amenity-rich communities.
Property taxes in Bexar County, which includes Converse, average around 2.2% of assessed value – higher than the national average but typical for Texas. For a $325,000 home, that equates to approximately $7,150 per year or $600 per month. Keep this significant expense in mind when budgeting for homeownership.
About 30% of Converse’s housing stock is located in HOA communities, most built in the last 15-20 years. Monthly HOA fees typically range from $30 for basic services like common area maintenance to $300+ in high-end subdivisions with extensive amenities and security. When comparing properties, factor in what services are covered to determine the true monthly cost. In Converse, HOA fees often include front yard landscaping, trash collection, and access to neighborhood pools and parks.
| Monthly Expense | Apartment (2BR) | House (3BR) |
|---|---|---|
| Rent/Mortgage | $1,500 | $1,950 |
| Property Tax | $0 | $600 |
| Insurance | $15 | $150 |
| Utilities | $150 | $300 |
| HOA Fees | $0 | $150 |
| Maintenance | $0 | $200 |
| Total | $1,665 | $3,350 |
Utility & Upkeep Differences
Homeowners in Converse should budget more for utilities compared to renters, as they are responsible for additional expenses like water, trash, and often higher electricity bills to cool larger square footage. Expect to pay $250-$400+ monthly for a typical 3BR house, with costs peaking in the hot summer months. Newer, energy-efficient homes can help keep bills manageable.
Maintenance and repair costs are another key differentiator. While renters are only responsible for damages beyond normal wear and tear, homeowners must plan for ongoing upkeep and the occasional large expense, like a new roof or HVAC system. Setting aside $200-$300 per month in a maintenance fund is prudent. Those in older homes may need to budget more.
5-Year Rent vs Buy Outlook
Over a 5-year horizon, buying becomes increasingly attractive in Converse. Assuming a 10% down payment and 3% annual appreciation, a $325,000 home would accrue approximately $50,000 in equity by 2030. Even factoring in maintenance and transaction costs, many buyers come out ahead compared to renting long-term.
However, renting remains the better choice for those who value flexibility or may relocate within a few years. Renters can invest the money they would have spent on a down payment, property taxes, and maintenance, potentially offsetting the lack of equity gained. They also avoid the risk of being underwater on a mortgage if home values dip.
Ultimately, the decision depends on your long-term plans and financial situation. But in Converse’s relatively affordable and stable housing market, buying can be a sound investment for those prepared to put down roots. Consult a local real estate professional to weigh your options.
FAQs About Housing Costs in Converse
- How much are HOA fees in Converse?
HOA fees range from $30 to $300+ per month, depending on the community amenities and services provided. Budget $150-$250 on average. - What is the property tax rate in Converse?
The average property tax rate in Bexar County is 2.2% of assessed value, which equates to $7,150 per year for a $325,000 home. - Is renting cheaper than buying long-term in Converse?
Buying becomes increasingly cost-effective over 5+ years, as you build equity. But renting offers more flexibility and liquidity if your plans may change. - Do houses have higher utility costs than apartments?
Yes, houses typically have higher utility bills due to more square footage and additional expenses like water and trash service. Budget 30-50% more compared to an apartment.
Making Smart Housing Choices in Converse
As Converse grows and prices rise, both renters and buyers must carefully weigh their priorities and budget. Transportation expenses can rival housing costs for those with long commutes, so consider proximity to work or school. Average monthly expenses in Converse also vary by household size and lifestyle. A full cost of living breakdown can help you plan.
For most renters, finding an affordable apartment in a convenient location is key. Expanding your search to nearby cities can open up options. If you plan to buy, get pre-approved for a mortgage and prepare to act quickly in competitive markets. Partnering with a knowledgeable local agent is wise, whether you’re a first-time buyer or an experienced investor.
Regardless of your housing choice, don’t forget to factor in moving costs. Professional movers typically charge $500-$1,500 for a local move in Converse, depending on home size. See our 2025 moving company picks to find reputable options.
While housing is often the largest expense, it’s just one piece of the puzzle. Considering Converse’s overall affordability, job market, and quality of life can help you make the best choice for your family’s future.