Side-by-side comparison of Midland, TX and San Antonio, TX — cap rates, rent, prices, and investment metrics.
Cash flow: Midland has the edge with an estimated cap rate of 3.46% compared to San Antonio's 3.15%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $280,000 in Midland vs $280,000 in San Antonio, while rents come in at $1,450/mo and $1,420/mo respectively.
Growth & appreciation: Midland is growing faster at 2.2% annually vs San Antonio's 1.4%. Midland leads on home value appreciation at 2.6% per year. Strong population growth typically translates to sustained rental demand and long-term price support.
Costs & risk: Property taxes are 1.59% in Midland vs 1.72% in San Antonio. Vacancy rates of 5.8% and 6.8% are mixed — Midland has the tighter rental market.
Bottom line: Midland edges out San Antonio on most key metrics. While cap rates are moderate at 3.46%, Midland's overall profile is stronger. Use our free calculators to model specific deals in Midland or San Antonio.