San Marcos Downtown Area Plan

CHAPTER 4: RECOMMENDATIONS

DOWNTOWN HOUSING OPTIONS

For-Sale Housing The Downtown area lacks many existing for-sale housing options. For-sale homes in and around Downtown have values at or below the city-wide average. However, based on the Draft Strategic Housing Action Plan (2019), one of San Marcos’ housing needs is for an ownership option below $200,000. AFFORDABILITY (Recommendation A.7)

For-Rent Housing Most of the rental housing options in downtown are student oriented. Additional non-student oriented rental housing options are needed. Average rental rates for all units in Downtown are higher than citywide averages.

Surrounding Home Values

Data source: Zillow Q2 (April-June) 2022

Data source: CoStar Q2 (April-June) 2022

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SAN MARCOS DOWNTOWN AREA PLAN