Dallas city, Texas Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Dallas city, Texas rental market.
Dallas city, Texas
Average Apartment Rent
$1,250
Y-o-Y Change in Apartment Rent
3.73%
Compared to a year ago, Dallas city, Texas apartments have recorded a 3.73% rent increase.
Dallas city, Texas |Median apartment rent trend
Dallas city, Texas| Average apartment rent by city
Dallas city, Texas | Apartment rent ranges
At 39.75%, apartments priced $1,000 - $1,500 represent the bulk of Dallas city, Texas rentals, while condos priced under $500 hold the lowest share of the market – 0.11%.
Dallas city, Texas | Housing tenure
Renters take up 59% of Dallas city, Texas real estate, occupying a total of 297,474 units, while homeowners live in 208,342 properties.
Median number of rooms of renter-occupied housing units
3.6
Renter Median household income
$40,343
Average household size of renter occupied-housing units
2.39
Rental vacancy rate
7.6%
Dallas city, Texas | Renter-occupied housing units by no. of bedrooms
There are 124,709 rentals in Dallas city, Texas with 1 bed making up the highest share of the market, at 42%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 7,146 units. Overall, the median number of rooms in Dallas city, Texas homes for rent is 3.6.
Dallas city, Texas |Renter-occupied units by age of householder
Most condos for rent in Dallas city, Texas are occupied by residents in the 25 - 34 years age group (34%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Dallas city, Texas | Renter-occupied housing units by family type
Dallas city, Texas | Renter-occupied housing units by the presence of own children
A total of 142,445 apartments for rent in Dallas city, Texas, or 48% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 91,198 units. All in all, the median size of a renter-occupied household in Dallas city, Texas is 2.39.
Dallas city, Texas | Renter-occupied housing units by educational attainment
In terms of education, renters holding bachelor degrees or higher make up 31% of the rental market. In contrast, residents with less than a high school degree reside in 20% of the homes for rent in Dallas city, Texas.
Dallas city, Texas | Renter-occupied units by year structure built
The highest share of Dallas city, Texas apartment rentals, namely 21% or 61,404 units, were built 1980 - 1989, followed by those built 1970 - 1979 (20%, 60,905 units), and the ones built 1990 - 1999 (13%, 38,665 units).
Dallas city, Texas | Renter-occupied units by year householder moved in
Median year renter moved into unit2014
Most Dallas city, Texas renters (47%) moved in 2010 to 2014, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Dallas city, Texas condos for rent is 2014.
Dallas city, Texas | Renter-occupied housing units by vehicles available
When it comes to transportation options, 53% of Dallas city, Texas renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 14% have no vehicle available.
Dallas city, Texas | Means of transportation to work of householders living in renter-occupied housing units
Dallas city, Texas |Geographical mobility in the past year for householders living in renter-occupies housing units
Dallas city, Texas | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Dallas city, Texas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
Average single family rent calculated from point2homes.com data.
Exceptions: Data sourced from U.S. Census Bureau; American Community Survey, 2018 American Community Survey 5-Year Estimates
