rents

From staff reports

Dallas rents are rising, but are still doing so at a rate below the national average, the December 2018 Dallas Rent Report from ApartmentList.com revealed today.

Year-over-year, Dallas rents have increased by 1.1 percent, with median rents at about $890 for a one-bedroom apartment, and $1,110 for a two-bedroom. That year-over-year growth is less than the state average of 1.4 percent and the national average of 1.3 percent.

In November, Dallas rents remained flat. (more…)

eviction

According to a new report from ApartmentList.com, Dallas is among the top five large metro areas when it comes to evictions (Photo courtesy TaxRebate.org.uk).

A new study of rental insecurity and eviction rates found that Dallas is at the top of the list of major metro areas when it comes to frequency of eviction.

In fact, at a rate of 5.6 percent, Dallas is tied with Indianapolis and behind only Atlanta, Phoenix and Memphis, the report released today by ApartmentList.com revealed.

“We estimate an eviction rate of 5.6 percent for the Dallas metro, which is the No. 5 highest rate of the nation’s 50 largest metros,” said Chris Salviati, a housing economist with ApartmentList.com.

Drilling down further, Salviati and his team found that of that 5.6 percent, low-income renters accounted for 8.1 percent. Middle-income and high-income renters accounted for 6.3 percent and 2.8 percent of evictions respectively.

According to U.S. Census data, as of July 2016, Dallas had a little more than one million housing units, and 51.2 percent of those were owner-occupied. Using those numbers and the 5.6 percent rate found in Salviati’s report, it would seem that as many as 28,757 a year could be evicted. (more…)