San Marcos Homes under $200,000

Welcome to San Marcos, Texas—a vibrant city nestled in the heart of Hays County, where the charm of small-town living meets the excitement of urban amenities. Known for its rich history, picturesque landscapes, and a lively cultural scene, San Marcos is a hidden gem that offers an exceptional quality of life for families, students, and professionals alike.

San Marcos is famously home to the crystal-clear waters of the San Marcos River, perfect for tubing, kayaking, and soaking up the sun on warm Texas days. The city boasts a thriving downtown area filled with eclectic shops, delicious eateries, and a variety of entertainment options. Not to mention, it’s home to Texas State University, which infuses the area with youthful energy and a plethora of events year-round.

For those looking to invest in their future, San Marcos offers an array of homes under $200,000, making it an ideal destination for first-time homebuyers and savvy investors. These affordable housing options range from charming bungalows to modern townhomes, providing a diverse selection to suit various lifestyles and preferences. With the city's steady growth and increasing popularity, purchasing a home in San Marcos not only secures a place to live but also a promising investment opportunity.

Whether you’re drawn to the scenic beauty, the cultural richness, or the affordability of homes, San Marcos is a place where you can truly thrive. Come explore what makes this city special and discover your dream home today!

Newest San Marcos Homes under $200,000

$200,000

2 Beds ⋅ 3 Baths ⋅ 2020741 MLS ⋅ NEW Status

$200,000 FIRM, priced below every comparable two-story home sold in Blanco Vista in recent history (closed range $215,000 to $245,000) and below every comparable home currently for sale. That is also nearly $48,000 under the 2025 county appraised value of $247,930. A 2021 build at about $157 per square foot, newer than nearly every home it competes with, and about 10 minutes from Texas State University. Vacant, move-in ready and available for a quick close. Cash, Conventional, FHA and VA welcome. Owner financing considered only with a minimum 20% down. The price is firm because the value is already built in. The layout works for owners, roommates and rentals alike: 2 bedrooms and 2 full baths upstairs, with a half bath down for guests. 1,274 sq ft with high ceilings and an open living, dining and kitchen level. Granite counters, large island, stainless appliances and pantry. Refrigerator, range, microwave and dishwasher convey. Covered front porch and a covered second-floor balcony. Alley-access parking pad. Radiant barrier, cellulose insulation and double-pane windows help keep utility costs in check. HOA is $600 per year. Blanco Vista amenities include a junior Olympic pool, splash pad, playgrounds, stocked fishing pond, miles of hike-and-bike trails and Blanco Vista Elementary inside the community. Five Mile Dam Park and the Blanco River are minutes away. The new Buc-ee's and I-35 at Yarrington Rd are just around the corner, with a direct run to Kyle, Buda, Austin, New Braunfels and San Antonio. H-E-B, Target, Costco, downtown San Marcos and the Premium Outlets are close by.

2916 Brand Iron Dr, San Marcos

$170,900

3 Beds ⋅ 1 Baths ⋅ 2007047 MLS ⋅ ACTIVE Status

**ASSUMABLE FHA LOAN at 4.5 rate*** Unlock the potential of this 3-bedroom, 1-bath home offering 1,281 square feet of opportunity in one of Central Texas' fastest-growing markets. Whether you're looking for your next fix-and-flip project or a long-term rental investment, this property has the fundamentals to make your vision a reality. Inside, you'll find an open-concept layout where the kitchen serves as the heart of the home, flowing seamlessly into the living and dining areas. The functional floor plan provides a solid foundation for cosmetic updates that can significantly increase value and appeal. Step outside to a spacious backyard with plenty of room to create an outdoor entertaining space, expand the home, or enhance the property's rental desirability. A covered carport and storage shed add convenience and practical value. Located just minutes from Texas State University, downtown San Marcos, the San Marcos River, shopping, dining, and with easy access to IH-35, this property is ideally positioned between Austin and San Antonio, making it attractive to both owner-occupants and tenants alike. San Marcos continues to experience strong population and economic growth, making this an excellent opportunity for investors looking to build equity and long-term cash flow. Bring your contractor, your creativity, and your investment strategy-607 Conway Drive is ready for its next chapter.

607 Conway Dr, San Marcos

$194,000

2 Beds ⋅ 2 Baths ⋅ 2005282 MLS ⋅ PRICE CHANGE Status

Extensively updated 2-bedroom, 1.5-bath condo in a prime San Marcos location, just one mile from Texas State University and minutes from downtown, the San Marcos River, parks, shopping, dining, and I-35. Thoughtful renovations create a fresh, modern feel throughout. The kitchen features new countertops, cabinet doors and hardware, sink, faucet, refrigerator, and flooring. Fresh interior paint, updated lighting, new door hardware, and new flooring on the main level provide a cohesive look, while the updated half bath includes all-new fixtures. Upstairs, enjoy spacious bedrooms, a refreshed full bath with a professionally refinished tub, new faucet and lighting, plus a professionally installed water heater with exterior drainage. The HVAC has also been professionally cleaned. Outdoor improvements include a new wood deck, native landscaping, decorative rock, a French drain, and enhanced drainage for easy, low-maintenance living. With stylish updates, functional improvements, and an unbeatable location near Texas State, downtown San Marcos, H-E-B, the outlets, and major commuter routes, this home is an excellent opportunity for owner-occupants or investors, subject to HOA restrictions.

1221 W Hopkins Unit 2, San Marcos

$179,995

4 Beds ⋅ 2 Baths ⋅ 2002624 MLS ⋅ ACTIVE OPTION Status

Located near TX State bus route/stadium - Opportunity for Investment/Rental, or Personal Residence. Large and private backyard - 4 bedroom, 2 full bathrooms - Inside, you'll appreciate several improvements that provide peace of mind, including HVAC, water heater, and flooring replacements completed approximately five years ago, along with a roof that is only nine years old. Step outside to enjoy the mature trees that provide shade and charm in both the front and back yards. The backyard is fully enclosed with a privacy fence and offers a covered patio, making it an ideal space for relaxing or entertaining. A storage shed provides additional room for tools, lawn equipment, or hobbies. The converted garage serves as a spacious fourth bedroom-perfect for a guest room, home office, playroom, or additional living space. The front yard received updated landscaping earlier this year, enhancing the home's curb appeal. Whether you're looking for your first home, additional space for a growing household, or a property with major updates already completed, this home is ready for its next chapter. Schedule your private showing today!

517 Uhland Rd, San Marcos

$170,000

3 Beds ⋅ 2 Baths ⋅ 1970958 MLS ⋅ ACTIVE Status

Opportunity awaits with this 3-bedroom, 2-bath single-wide manufactured home conveniently located near the university with quick access to IH-35. Previously used as a rental property, this home offers great potential for an investor, rental portfolio addition, or buyer looking for an affordable property they can make their own. Conveniently situated close to shopping, restaurants, and everyday conveniences. Home will need cleanup and TLC but offers plenty of potential at an affordable price point. Great location with easy commuting access and nearby amenities.

1405 River Rd, San Marcos

$179,900

3 Beds ⋅ 2 Baths ⋅ 1955473 MLS ⋅ PRICE CHANGE Status

This home offers 3 bedrooms 2 baths public parking in front and 2 car detached rear entrance parking out back. This quaint Limestone front exterior front home is in great condition. Located in the TRACE subdivision. The subdivision offers an abundance of neighborhood amenities, from a swimming pool, sports, court, club house and playground.

1182 Esplanade Parkway, San Marcos

$155,000

3 Beds ⋅ 2 Baths ⋅ 1955062 MLS ⋅ ACTIVE Status

Positioned in the growing market of San Marcos, 202 Trestle Tree offers a rare opportunity to secure an entry-level home at a price point that is becoming increasingly difficult to find in Central Texas. Ideally located with convenient access to Interstate 35, the property allows for an easy commute to both Austin and San Antonio while being just minutes from Texas State University, a major driver of local economic activity and housing demand. Nearby amenities include shopping and dining options at San Marcos Premium Outlets and Tanger Outlets San Marcos, along with outdoor recreation at the San Marcos River, known for its year-round activities. This home presents a strong value-add opportunity requiring only light cosmetic updates, including minor paint touch-ups and carpet replacement, making it an excellent option for buyers looking to build equity without taking on a full renovation project. Whether utilized as a primary residence or an investment property, the functional layout and overall condition provide a solid foundation for immediate usability with the ability to enhance over time. The property is being sold as-is, offering flexibility for buyers to make improvements according to their own preferences. This is a compelling opportunity for first-time buyers, investors, or anyone seeking an affordable entry into a high-demand corridor, though all buyers are encouraged to independently verify condition, measurements, and market data.

202 Trestle Tree, San Marcos

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