As Dallas-Fort Worth continue to add jobs to the region, apartment owners are expected to raise their rental prices by 5.4 percent, which outpaces the national average.
Apartment rents in the United States rose year-over-year by 5.1 percent for February, according to Addison-based Axiometrics, which analyzes the apartment market.
"Employment has been strong throughout Dallas-Fort Worth, with an almost 5 percent increase for jobs in Dallas," Stephanie McCleskey, vice president of research for Axiometrics, told the Dallas Business Journal."Nationally, that job growth is at 2.2 percent."
Read more...Report: Dallas area job growth fuels escalating apartment rents - Dallas Business Journal