One of the best ways to market your rental home in Olmos Park is to know local details. When the landlord is involved or knowledgable about the community, that fosters trust between them and the potential tenant. It also means they can answer a curious customer’s questions when asked.
Looking up accurate information can take time. To help you get started, we’ve compiled real estate statistics, local amenity information, and roadway advice about Olmos Park. This information can also help you make better marketing and pricing decisions to match the local rates.
Here’s some of the basics any landlord in Olmos Park needs to know.
What Real Estate in Olmos Park Looks Like
Olmos Park is a small but wealthy historical city, with Alamo Heights to the east and Norhmoor and Edison to the west. Most of the roads near it are inter-community rather than major, giving it a distinct privacy many other communities don’t have. McAllister Freeway and Olmos Basin Trailhead separate the small city from other outdoor amenities bearing its name.
As of October 2022, a home in Olmos Park is usually above $550,000. An exceptional portion of homes price out in the millions, while others speckle between $450,000 and $950,000. While few to no publicly listed rentals are available in Olmos Park, nearby neighborhoods like Olmos Park Terrace rent for around $1,250 to $1,500. The most expensive rentals just barely touch $2,000.
These rental prices remain on the lower end for the local community because of the property age and size. While in close proximity to the same amenities as the homes within Olmos Park, this historical city has older and smaller houses. This area is great for single-person or small family households who do not need much space.
Not many available rentals exist in the area directly around Olmos Park. Most people that settle there stay there for their lifetime.
Access to Stores, Streets, and Schools
This historical city has a small-town feeling that necessitates very little travel for more extravagant amenities. San Antonio Zoo, The Argyle, and The DoSeum all sit within 4 miles of the centermost section of Olmos Park. The distance only needs a mile or two addition for local rentals.
Shopping, like H-E-B, Alamo Quarry Market shopping center, and Quarry Village, are also within about 4 to 5 miles of the main city and rentals. Tenants in this area never have to travel far to meet their daily needs.
Because of the high population of white collar employees making their home in the area, they demand high quality schooling for their children. Alamo Heights Independent School District serves these families with preparatory education that exceeds local and interstate standards. From elementary to high school, students excel above others in student progress, test scores, and college readiness.
Keep in mind that equity in these schools tend to be on the lower end. Lower income students may not achieve the same results as their more wealthy counterparts. Many local tutoring programs and services surround the schools for further education assistance.
Students who want to stay closer to home can attend the private Trinity University. If they want to travel outward, they can stop by the local University of Texas at Austin Admission Center.
Most of the streets around Olmos Park are local community roads rather than major highways. The main ones nearby are I-10 and McAllister Freeway. However, there are so many smaller roads that tenants can travel off the freeways and interstates to necessary locations very easily.
How Easy Is Travel Around Olmos Park?
The plentiful and boxy street layout around Olmos Park and nearby areas means citizens can almost never run out of potential routes. If one block has a crash and needs maintenance or repairs, there is usually a road on each side of that block open and available for through traffic.
The large local population and many streets can have a slight downside of many street lights and stop signs, slowing travel. However, the trade off includes safety and the ability to never sit still for very long.
E Hildebrand and McCullough Avenues are popular intercity streets with more length and fewer lights. Even so, they crowd up less often than the smaller Belknap Place, which leads right to the local H-E-B.
I-10 and McAllister Freeway—US 281—trail near the city and local communities. While they may have a reputation for being slow during rush hours, the slow periods remain surprisingly brief in this area. The latter road slows most around 5:45 PM heading south while only slowing a mild amount in the morning.
A person in or around Olmos Park may not travel exceptionally fast, but they can get where they need to go in good time.
The Best Way To Manage Your Olmos Park Rental Home
Whether the property sits in or around Olmos Park, landlords need to have the right tools and information to build rapport with their current and future tenants. Acquiring the needed knowledge is a job in itself.
The complications between growth and management are why many landlords hire property management companies to help ease their workload. Peace of Mind Property Management provides you with a team that can help you maintain your rentals and retain tenancy.