Rent in Dallas-Fort Worth, TX

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General Moving

The Lone Star State has seen a boom in population in recent years.  And as residents have flowed in, rents have been on the rise in many areas of Texas.  Utilizing data released by Zillow, the average  rents of multi-family homes, single-family homes, condos, and co-ops  were examined.  Comparing data from February, 2017 (the most recent available), February, 2016, and February, 2012, analysis of the change in average rent over a one-year and five-year period was conducted.

The DallasFort Worth Metro area has seen a 23.3% increase in average rent over the last five years.  In February, 2012, the DFW area had an average rent of $1,292.  This had increased to $1,527 in February, 2016.  This past February, the average rent residents paid was $1,593.  This was the second most expensive metro area in the state in February, 2017, trailing only Austin.

Within the DFW area, residents of Mira Vista had the most expensive rent, averaging a whopping $6,401 this past February.  In the five years between February, 2012 and February, 2017, Mira Vista has experienced a 4.1% increase in average rent, increasing rent by $254.  Tanglewood, North Dallas, Crestline Area, and Overton Park were some of DFW’s other most expensive neighborhoods.

Those living in the Mitchell Boulevard neighborhood enjoyed the cheapest rent in February, 2017.  Residents paid an average of $924 this past February.  This was an increase from the previous February, when average rent was $821.  In comparing the average rent in Mitchell Boulevard from February, 2012 to February, 2017, the neighborhood has experienced a 38.3% increase in rent over five years.  Como, Stop Six, Carter Park, and Hillside Morningside were some of the other least expensive neighborhoods this year.

Largest Increases from 2012-2017

In the five years between February, 2012 and February, 2017,every neighborhood in the Dallas-Fort Worth metro area experienced an increase in average rent.   The neighborhoods that experienced the greatest percentage increase were

Eastland (+49.3%)

South Poly (+49.1%)

Santa Fe Enclave (+45.6%)

Carver Heights (+43.8%)

Alamo Heights (+43.7%)

The neighborhoods that experienced the greatest increase in dollar amount included

North Dallas (+$1,112)

Tanglewood (+$964)

Overton Park (+$744)

Bluffview (+$743)

Duck Creek +($641)

Largest Increases from 2016-2017

In the one year period between February, 2016 and February, 2017, most neighborhoods in the Austin metro area experienced an increase in average rent.  The neighborhoods that experienced the greatest percentage increase were

Carver Heights (+20%)

North Greenbriar (+17.6%)

West Meadowbrook (+17.6%)

Carver Heights East (+16.8%)

South Poly (+16%)

The neighborhoods that experienced the greatest increase in dollar amount include

Tanglewood (+$353)

Ridglea Hills (+$206)

North Dallas (+$205)

Carver Heights (+$188)

Monticello (+$177)

Largest Decreases  from 2012-2017

In the five year period between February, 2012 and February, 2017, there were no neighborhoods in the DFW metro area that experienced a decrease in average rent.

Largest Decreases from 2016-2017

In the one year period between February, 2016 and February, 2017, there were 11 neighborhoods in the DFW metro area that experienced a decrease in average rent.  The neighborhoods that experienced the greatest percentage decrease were

Near East (-9.1%)

Mira Vista (-3.6%)

Reservation (-2.4%)

Oak Lawn (-1.1%)

Northrich (-1.0%)

The neighborhoods that experienced the greatest decrease in dollar amount included

Mira Vista (-$237)

Near East (-$218)

Reservation (-52)

Oak Lawn (-$19)

Northrich (-$16)

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