The hottest submarkets for apartment leasing in Dallas-Fort Worth, in order, are Oak Cliff, Trinity Groves, Far South Dallas/Waxahachie, Grapevine/Roanoke/Keller, and South Arlington, according to one report.
Apartment rent prices and occupancy rates remain relatively strong in Dallas-Fort Worth, with year-over-year increases in both categories.in occupancy, according to the latest report from ApartmentData.com. That compares to 90.4% occupancy in Houston, 90.3% in Austin, and 89.9% occupancy in San Antonio.6.3% in the past 12 months to a median of $1,491 per month.
There are a total of 37 submarkets in DFW, and the ranking is based on the best combination of rental rate growth and absorption of apartment units over the past three months. DFW has an operating supply of about 3,400 communities with more than 817,500 units, according to ApartmentData.com.Another rental market report, this one by RentCafé, found that high-income renters make up an increasingly large share of the market in DFW.
That translates into 909 high-income renters in Garland, 2,748 in McKinney, 4,620 in Plano, 1,677 in Arlington, 2,290 in Frisco, and 5,666 in Fort Worth, according to RentCafé.
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