Y-o-Y-increase-in-renter-occupied-vs-owner-occupied-households-2014vs2015There is a new buzz word in real estate: Over Renter.  This term is used to describe individuals or families that make $150,000 or more annually that choose to rent a home or apartment in lieu of purchasing a traditional home.  These high-income renters certainly can purchase a home but elect to pay top dollar for renting smaller, more conveniently located living spaces … and they are happy about it.

According to a recent study by RentCafe, in the Fort Worth market alone, the number of  high-income renters has increased 77 percent since 2014.

As Fort Worth continues to increase in population, the number of renters and buyers should continue to remain at a high level.  The question remains, “is this a good thing?”

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rent prices

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 and national averages.

Just north of Dallas, Plano is Texas’ fourth most expensive city. It also showed the highest year-over-year rent growth, with a 6.9 percent increase over April 2015. In this city, a two-bedroom has a median price tag of $1,480, and a one-bedroom rings in at $1,070 per month.

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