Half Of Renter Households Struggle With Affordability

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About half of all renter households are cost-burdened, with the tenants spending more than 30 percent of their incomes on rent, according to a recent study released by Apartmentlist.com.

About half of all renter households are cost-burdened, with tenants spending more than 30 percent of their incomes on rent, according to a recent Apartmentlist.com study.

“The number of cost-burdened renter households in Dallas has increased by 116,053 since 2008,” said Olyvia Ruhlmann of Apartmentlist.

However, there are plenty of affordable options in Dallas, including one- to three-bedroom units at 7900 at Park Central.

The apartments at 7900 Churchill Way rent for about $1,000 to $1,800 per month, depending on size and floor plan.

For that price, you get a roof over your head and a place to cook meals and watch television, but you also get some apartment living perks, such as a swimming pool, fitness center, outdoor barbecue area, and doggie spa. Plumbing and electrical emergencies are addressed by a landlord, and you won’t have to worry about maintaining a lawn.

Key Findings

The Apartmentlist study showed the following:

  • The cost burden rate in Dallas increased from 46.1 percent in 2017 to 2018.
  • Dallas has the No. 39 lowest cost burden rate of the nation’s 100 largest metros.
  • About 21 percent of renter households in Dallas are severely cost-burdened, while 26.1 percent are moderately burdened.

“We are living through the longest U.S. economic expansion on record, but for many, housing costs are eating away at any celebration,” Ruhlmann said.

Rental of the Week

In addition to the perks offered by this week’s Rental of the Week at 7900 Churchill Way, renters have easy access to Interstate 635 and Highway 75. You see, you’re also paying for that Dallas address and the close proximity to shopping, entertainment, and dining.

Maybe for that price, you could rent a home with larger square footage and no roommate, but you’d have to live in the suburbs and might be sacrificing some quality amenities.

The two-bedroom, two-bathroom units at 7900 are slightly less than 1,200 square feet and about $1,400 per month. The apartment complex, built in 1999, is in the Hillcrest Forest neighborhood.

Want to know more about 7900 Churchill Way? Click here.

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April Towery

April Towery studied journalism at Texas A&M University and has been an award-winning reporter and editor for more than 20 years. She’s covered everything from city council meetings to Death Row executions. Her favorite things to write are feature stories and humorous columns. She loves to make people laugh. She won first place in humorous column writing, second place in news writing and third place in serious column writing at the 2019 South Texas Press Association Awards and picked up first place in humorous writing at the 2018 Texas Press Association awards ceremony. She has numerous other recognitions, including the Texas Associated Press Managing Editors’ first-place award for special reporting, citing her continuous coverage of the College Station City Council and its violation of the Texas Open Meetings Act in 2006. She is the daughter of a longtime real estate appraiser and at one time knew her way around a floor plan. She lives in Wylie and is learning daily about real estate, architecture, and housing trends.

Reader Interactions

Comments

  1. Kathy says

    It is laughable to say rents from $1000-1800 a month are affordable. Yes they are cheaper than some rental prices but they are not affordable to many. What is the median income in Dallas anyway?

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