Apartment List: Dallas rental market balancedApartment List: Dallas rental market balancedhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=196792018-04-03T05:00:00Z2018-04-03T15:00:00Z

DALLAS – An Apartment List report shows the city's rental market has relatively balanced supply and demand. ​​

The report showed year-over-year rent growth in Big D was 1.8 percent. Rents are growing at a slower rate than the nation's 2 percent and the state's 2.1 percent year-over-year growth.

Some increase in rental prices is healthy and a matter of inflation, says Chris Salviati, a housing economist with Apartment List.

"​​​​Dallas has a strong economy with solid job growth driving demand, but the area has also been building a good amount of new housing to keep up with that demand,"​​ Salviati added. "For those reasons, I expect that rents in Dallas will continue to increase, but at a relatively modest pace." 

The city's rental growth over the past 12 months and flat growth in the past month show builders are keeping up with demand, maintaining a healthy rental market.

The average rent for a two-bedroom apartment is $1,100​, below the national average of $1,170. ​​

Dallas Business Journal
Dallas-Fort Worth-Arlington
https://www.bizjournals.com/dallas/news/2018/04/02/study-dallas-rental-market-has-balanced-supply.htmlRead more at {Source}

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