Rent lament: DFW rates continue increaseRent lament: DFW rates continue increasehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=139432016-07-25T05:00:00Z2016-07-25T20:00:00Z
​​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

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