More Dallas Renters Are Searching Elsewhere to Move, Plus Other Reports
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More Dallas renters are turning to ApartmentList.com to find apartments outside of the metro area in the first quarter of 2021.
These renters are cited in ApartmentList. com’s recent Renter Migration Report. ApartmentList.com crunched the numbers and found that 15 percent of Dallas renters used its site for apartment possibilities outside of Dallas-Fort Worth, up from 13 percent from a year ago.
Dallas renters are checking out Austin, Houston, and Denver. Out-of-market renters are looking to move into Dallas from Houston, Austin, and New York.
Also, 17 percent of renters in nearby D/FW suburbs are searching for apartments in Dallas proper, up from last year despite concerns that an urban exodus would diminish demand for city living.
In the report, the authors add this disclaimer: “It is important to keep in mind that these data reflect search activity rather than complete moves, but we see clear evidence that interest in big cities has not waned.”
Learn more from ApartmentList.com’s migration report.
Other Notable Reports
- CoreLogic: Austin and Fort Worth are the top Texas metro areas for home price growth, according to CoreLogic’s Home Price Index. Austin home prices were up 12.3 in February from a year earlier and Fort Worth prices jumped 9.8 percent. Dallas-area median home prices increased 8.8 percent. Learn more here.
- Zillow: Dallas-Fort Worth home values are increasing at a faster pace than they have in more than 15 years, according to the Zillow Home Value Index. Typical home values in D/FW appreciated 1.1 percent from January to February, the largest monthly area growth since March 2004. D/FW’s annual home value appreciation of 8.9 percent is the largest annual growth since March 2018. Learn more here.
- Motley Fool: The D/FW area is facing three major trends, according to The Motley Fool’s 2021 Dallas Real Estate Market Investing Forecast. The three issues that could hold D/FW and potential investors back: the market has a supply problem, rentals are in low demand, and prices are rising on rentals and single-family homes, according to the report. Learn more here.
- CBRE: The largest number of new D/FW transplants came from California, according to CBRE Research’s COVID-19 Impact on Resident Migration Patterns report. In 2020, more than 16,000 people moved to North Texas from California, an increase of more than 19 percent over 2019, according to CBRE’s study of post office change-of-address information. Most of the relocations to D/FW came from Houston, Los Angeles, Austin, and New York City. Learn more here. | Download the report
