Record-High Rents in Dallas-Fort Worth
Digested from “D-FW apartment residents are paying more than ever for rent”
Dallas Morning News (2/20/15) Brown, Steve
Rents in Fort Worth, Texas, rose by 6.4 percent in January 2015, compared with last year. The overall Dallas-Fort Worth market saw rents increase 5 percent in the same period.
According to Axiometrics, average monthly rents are just below $1,000 in Dallas and at $892 in Fort Worth — records for both markets.
Nearly 13,000 new units came online last year in the Dallas-Fort Worth area, but strong job growth continued to fuel demand. In 2014, the area added 140,000 new jobs, the most in the nation.
This year, another 15,901 rental units are scheduled to hit the market. The area is gaining population at a clip of more than 100,000 people a year.