DFW apartment rents rise, rise, riseDFW apartment rents rise, rise, risehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=122592016-02-24T06:00:00Z2016-02-24T21:45:00Z

​​DALLAS-FORT WORTH - After near record rent increases last year, a just-released snapshot of January’s DFW apartment market shows more rent hikes are on the way.

Dallas-area apartment rents were up 5.7 percent last month compared with January 2015, according to the new research from apartment analyst Axiometrics Inc.

Apartment renters on average in January were paying $1,076 a month for the roof over their heads—$58 more than the year before.

In the Fort Worth area, the average rent is $967—up 6.2 percent from January 2015.
“The entire DFW apartment market stayed quite steady in January, with rent-growth rates far above the national average of 4.3 percent,” Axiometrics’ Stephanie McCleskey.

Even with widespread construction, the Dallas-area apartment market had only a 4.8 percent overall vacancy in January. In the Fort Worth area, the vacancy is 5.2 percent.​
Dallas Morning News
Dallas-Fort Worth-Arlington

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