Why Home Values and Apartment Rents Keep Climbing In DFW
/Why Apartment Rents Keep Climbing In Dallas-Fort Worth? According to The Dallas Morning News, Housing price and Apartment rents in North Texas continue to rise! Over the past decades, Dallas was a very cheap place to rent or own! Why home values and rents are increasing here? This is the main reason: Job Growth!
Because of Job Growth in Dallas, more people are moving here to start or develop their professional lives. This is the main reason that home values and rent price are keep climbing in DFW!
According to Steve Brown from The Dallas Morning News, DFW is creating more than a 100,000 job a year, and that's attracting a lot of young professional people. For instance, the people are moving here from Toyota — their headquarters is coming here from Southern California, and they're coming from New York City.
An aerial view of Legacy West in Plano, Texas, highlighting some of the companies locating offices there. (Courtesy of Karahan Companies, urbanland.uli.org)
The graph below is presenting housing activity for Dallas-Plano-Irving and the time series of average prices from 1994 to 2016.
Housing Activity for Dallas-Plano-Irving: Average & Median Price
If you have any questions or would like more information about the steps to buy of sell your home please contact us.
Jila Seraj
+1 (214) 212 3462
Jila@LaskaRealty.com
