Apartment Leasing
In RentCafe’s ranking of apartment sizes for U.S. Metros, Plano ends up in the fourth spot for the largest one- and two-bedroom apartments and third in studios when measured by average square feet. The list, in which Dallas doesn’t even break the top 15 (it was tied for 18th with Irving), compared apartment sizes by…
Renting is often considered to be more affordable than homeownership, but the gap between affordable rentals and affordable homes for sale is widening. According to SmartAsset’s 2016 rental affordability survey, there’s a massive income gap for renters. This year’s survey shows that, in Dallas, renters need to make $62,700 to meet HUD guidelines for affordable…
If it seems like rent is high in Dallas, you’re not imagining things. According to a new report from Apartment List, Dallas has the highest rents in the state, with two-bedroom apartments having a median rent of $1,580 per month, and one-bedrooms at $1,220. Dallas rents have grown year-over-year by 5.4 percent, higher than both statewide…
It seems like there’s a new press release with new data in our inbox every day telling us that more and more people are moving to Dallas now than ever before. And just as often we are reading news stories about slow apartment leasing and price reductions in some areas of the market. If you’ve…
In 2015, multifamily builders delivered 19 new apartment developments totaling more than 5,300 brand new apartments, according to the most recent numbers from RentCafe. If that seems like a lot, consider that 20 new apartment developments came on line in 2014, totaling more than 6,000 units. So, who’s going to live in all of these…
