Dallas-Fort Worth, the job-centric Texas mega-hub that has seen the
largest population increases in the entire country, adding approx. 143K new residents from 2015 to 2016, is second when it comes to new apartment supply.
No less than 25,000 new units are planned for completion this year, making Dallas even more desirable for renters who seek affordability and variety in their housing choices. The local rental market is relatively stable with rent growth at a moderate 3.5% y-o-y. Average rents in the Metroplex hover around $1,094, significantly lower than the national average and half of what New Yorkers shell out on rent on a monthly basis.
Moreover, with a
diverse economic sector and steady job growth, the
employment picture is rock-solid in D-FW, so it’s no wonder
young professionals are arriving in droves.
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