Res 2025-140 adopting the Community Development Block Grant (“CDBG”) 2025-2029 Consolidated Plan

Home Browse Search

City of San Marcos Five Year Consolidated Plan for the 2025-2029 Program Years— FINAL—Last Updated 08/08/25 Market indicators suggested that families with children and large households may have a particularly difficult time finding affordable rentals that meet their needs. Only 7% of non-student apartments had three or more bedrooms and median rent for three and four bedroom rentals was between $1,300 and $1,450. • Displacement prevention. According to survey results, from 2014-2019 nearly one in five (18%) San Marcos renters experienced displacement—having to move from a home when they did not want to move. The most common factors were rent increases, flood damage—including damage from the 2015 Flood—cost of utilities, and landlord selling the home. Overall, 11%of San Marcos residents-12%of homeowners and 10%of renters—who participated in the 2018 survey had a friend or family member living with them due to a lack of affordable rental housing. In addition to a lack of affordable housing to rent or buy, stakeholders believed that bad credit and criminal history are barriers to securing housing. As shown in the resident survey, it is not unusual for residents to form large households or to live in multigenerational arrangements to manage housing costs or due to lack of available units; occupancy limits made it difficult for these households to meet the need of their family and comply with this regulation; however, they were changed in 2023. • Increased Home Ownership: Starter homes and family homes priced near or below $200,000 and increased ownership product diversity. San Marcos has experienced substantial increase in home prices since 2000. Median incomes, however, have not kept pace. In 2017-2018, San Marcos' median sale price was $256,600—lower than the Austin metro and some surrounding communities but still out of reach for many San Marcos residents. Stakeholders identified families with household incomes of $60,000 to $80,000 to have the greatest unmet affordable housing need, for both rental and ownership products. The ownership gaps analysis indicated a shortage of homes affordable to households earning $75,000 or less. Increasing the variety of product types in San Marcos (smaller single-family homes and single family attached products) may help meet this need.Attached homes in San Marcos sell for lower prices and they sell faster than detached homes on average, indicating relatively high demand for these more affordable alternative unit types. Median price for attached homes was $180,500 in 2017- 2018, compared to $259,000 for detached homes. Attached homes averaged 25 days on market before sale compared to 74 days for detached. San Marcos has a shortage of "missing middle" products, which often serve as a gateway to homeownership for residents. Contributing to this shortage is the difficulty in developing such units in residential neighborhoods in San Marcos due to zoning code. Consolidated Plan SAN MARCOS 36