DFW Apartment Deliveries Cause Rent Slowdown

 In BLOG

Supply has caught up to DFW’s steady demand for apartments, as the region’s job growth continues. According to Axiometrics, apartment rent increased by 3.6 percent in December 2016, compared to a 5.6 percent increase the year before. Here are a few other key stats from the company’s recent report:

  • Approximately 5,207 units were delivered in 2016 in Dallas
  • Rent in Dallas-Plano-Irving sits at $1,123/month
  • Rent in Fort Worth-Arlington sits at $1,013/month
  • Rent has decreased for four consecutive months in Dallas and three straight months in Fort Worth, with both rents below the national average of $1,272/month
  • The single-family home market is expected to remain robust in 2017, with an estimated 32,000 new homes expected to be built

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