Although Texas is one of the most affordable states in the nation, rent is rising in the Dallas area. According to Adobo‘s Midyear Rent Report for 2017, Dallas rental prices have increased by 2.5%. Other Texas cities have increased as well including San Antonio (0.8%), Houston (3.8%), and Corpus Christi (1.9%).
The report methodology is calculated as follows: “Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom rent price by city, state, and nation and track the month-over-month percent change. For this report, we analyzed data for the first six months of 2017 and found the average of the monthly percent changes in list price separately for each state and city. We also calculated the 2017 average list price in each state by taking the average of all monthly median list prices.”
Basically this is bad news for those of us looking to rent in Texas, however, other states such as California and New York still have higher average rents than Texas. Texas’ economy is one of the best in the world and our lack of state income tax makes the rent hikes easier to swallow.
Alex Sinatra is an actress, model, and corporate attorney. She adores everything to do with city life, but also loves to get back to nature. Her dog Maddox is her constant companion and cuddle buddy.Follow her on Instagram @officialalexsinatra