Rent lament: DFW rates continue increase | Rent lament: DFW rates continue increase | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=13943 | 2016-07-25T05:00:00Z | 2016-07-25T20:00:00Z | DFW - Apartment renters are on average paying about $60 a month more than they were a year ago and there is no sign of a rent slowdown.
Apartment analyst Axiometrics says that average Dallas-area rents in June were $1,129—an all-time high.
That represents a 5.5 percent rent hike from June 2015.
"Dallas rent growth has been 5 percent or higher for 20 straight months," Axiometrics reported.
The cost of renting a roof over your head is a little lower in the Fort Worth area, averaging $1,011 in June 2016.
But Fort Worth apartment rents are rising faster—up 6.9 percent from a year ago, according to Axiometrics.
Even with huge construction volumes, few apartments are vacant in North Texas.
At midyear Dallas-Fort Worth-area apartments were 95.7 percent occupied.
More than 50,000 apartments are now being built in North Texas—the largest construction volume in more than 30 years. | Dallas Morning News
| Dallas-Fort Worth-Arlington
| Multifamily
| http://www.dallasnews.com/business/headlines/20160722-rent-lament-d-fw-apartment-residents-rates-continue-to-rise.ece | | | See DFW Multifamily Market Research. | Read more at the {Source} |