San Antonio MSA

San Antonio's migration balance deteriorated by 2,225 between 2021-22 and 2022-23, according to the latest IRS migration data from ALEX Intelligence. The decline is not uniform — Kendall County, TX, led the outflow with a 158-year-over-year drop, while six of the top ten outflowing counties were Texas-based. This signals a shift: San Antonio is becoming a refuge for Texas residents fleeing high costs, even as overall net growth slows. The data reveals a new migration dynamic — not just from outside the state, but from within it. This internal migration surge may be the real engine of resilience in a tightening market. Photos via Wikimedia Commons: Slide 1: Larry D. Moore (CC BY 4.0) https://commons.wikimedia.org/?curid=197264505; Slide 2: Wkstormwater (CC BY-SA 4.0) https://commons.wikimedia.org/?curid=149538531; Slide 3: Larry D. Moore (CC BY 4.0) https://commons.wikimedia.org/?curid=197225992; Slide 4: Larry D. Moore (CC BY 4.0) https://commons.wikimedia.org/?curid=197233411 Year-Over-Year Change in Net Migration, top 10 (ALEX Intelligence — U.S. Internal Revenue Service 2023) #1 Kendall County, TX — 158 #2 Cameron County, TX — 155 #3 Tarrant County, TX — 86 #4 Montgomery County, TX — 83 #5 Hidalgo County, TX — 66 #6 Harris County, TX — 57 #7 Maverick County, TX — 47 #8 Wichita County, TX — 46 #9 Montgomery County, MD — 41 #10 Palm Beach County, FL — 40 Source: https://alex-companies.com/data/2026-11-04-sa-msa-mig-trend-net View and join any or all of our communities — AI, quantum, and real estate: https://alex-companies.com/reports/linkedin-groups If there's an AI, quantum, or real estate community you'd like to see us convene, tell us — this portfolio grows by request. Real Estate Strategy & Intelligence Leader. Democratized Blue Ocean Strategist & Operator. Diane Hart Alexander, MBA, MHA Chair & CEO, ALEX Companies Designated Broker, Alexander Tiffany Southwest, LLC dba ALEX.realestate, et.al. Texas License #574877-B · Broker License #565194-BB [email protected] · +1 713.591.9902