april2019 dallas-fort worth metro · 2020-04-23 · garland current: $1,505 monthly change: 0.3%...
TRANSCRIPT
www.zillow.com/research/
APRIL2019 Dallas-Fort Worth Metro
National Rents
Current: $1,477Monthly Change: 0.2%Annual Change: 2.6%
Dallas Metro Rents
Current: $1,646Monthly Change: 0.2%Annual Change: 3.1%
Breakeven Horizon1.6 years
Major Cities - Rents
DallasCurrent: $1,498Monthly Change: 0.3%Annual Change: 3.1%Breakeven Horizon: –
Fort WorthCurrent: $1,480Monthly Change: 0.3%Annual Change: 3.1%Breakeven Horizon: 1.4 years
ArlingtonCurrent: $1,555Monthly Change: 0.3%Annual Change: 3.8%Breakeven Horizon: 1.5 years
PlanoCurrent: $2,022Monthly Change: 0.3%Annual Change: 2.3%Breakeven Horizon: 2 years
GarlandCurrent: $1,505Monthly Change: 0.3%Annual Change: 1.8%Breakeven Horizon: 1.3 years
Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community
City ZRI Year-over-Year-16.0% -15.9% - -6.4% -6.3% - -2.5% -2.4% - 0.0% 0.0% - 1.6% 1.7% - 2.9% 3.0% - 4.2% 4.3% - 6.4% 6.5% - 10.7%
Metro Cities: Top/Bottom by Annual Rent AppreciationTop:Haslet 10.7%
Sansom Park 9%
Wilmer 6.4%
Hutchins 5.4%
Rio Vista 5.4%
Bottom:Hudson Oaks -16%
Annetta -9.1%
Willow Park -7.5%
Poolville -6.4%
Springtown -4.9%
Metro Neighborhoods: Top/Bottom by Annual Rent AppreciationTop:Ridglea Hills 12.8%
Morningside 11.5%
Carver Heights 10.6%
Arlington Heights 10.3%
Hubbard Heights 9.6%
Bottom:Eastland -5.3%
Near East -3.3%
Mira Vista -2.4%
Lost Creek -1.5%
South Poly -1.4%
How do we measure rents? To track rents, we use the Zillow Rent Index (ZRI). The
ZRI is the midpoint of estimated rents in a given region. Half the estimated rental prices
are above this number and half are below.
What is the Breakeven Horizon? The Breakeven Horizon in the number of years you
must live in a home before owning the same home becomes more financially advantageous
than renting the home. For example, if ’City X’ had a Breakeven Horizon of 5.5 years,
it is financially better for you to rent in ’City X’ unless you plan on living there for more
than 5.5 years.
APRIL2019
*Top cities and neighborhoods by size within the metro are listed. Additional counties, cities, neighborhoods and zip codes may be available online at
www.zillow.com/research/data or by emailing [email protected]
Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.
www.zillow.com/research/
Largest Cities Covered by Zillow
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Allen 2.1 1,934 1.6 2,000 0.8Arlington 1.5 1,555 3.8 1,600 0.9Bedford 1.8 1,723 2.4 1,800 1Carrollton 1.9 1,816 1.3 1,860 1Cedar Hill 1.3 1,593 3.4 1,700 0.9Dallas 1,498 3.1 1,700 1.2Denton 1.7 1,636 3 1,650 0.9Desoto 1.5 1,619 2.9 1,570 0.8Euless 1.5 1,607 2.6 1,700 1Flower Mound 2.4 2,399 0 2,200 0.9Fort Worth 1.4 1,480 3.1 1,620 0.9Frisco 2.4 2,357 1.6 2,200 0.9Garland 1.3 1,505 1.8 1,500 1Granbury 2.1 1,537 2.9 1,400 0.9Grand Prairie 1.3 1,562 3.3 1,620 0.9
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Grapevine 2.5 2,332 1.8 2,200 1.1Haltom City 1,359 1.8 1,500 1Irving 1.4 1,593 3.2 1,840 1Keller 2.2 2,672 0.1 2,500 1Lewisville 1.7 1,757 1.7 1,800 1Little Elm 2.4 1,747 3.4 1,850 0.9Mansfield 1,895 3.6 1,820 0.9McKinney 2.3 1,883 2.1 1,900 0.8Mesquite 1.2 1,457 1.5 1,480 1North Richland Hills 1.7 1,618 2.7 1,540 0.9Plano 2 2,022 2.3 2,000 0.9Richardson 1.8 1,946 3.5 1,900 1Rowlett 1.5 1,754 3.8 1,720 0.9Waxahachie 1.4 1,587 3.3 1,450 0.9Wylie 1.7 1,754 3.6 1,750 0.9
Largest Neighborhoods Covered by Zillow
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Cedar Crest 0.8 1,190 8.5 1,250 1.1Eagle Ford 1,304 4.7 1.2East 1 1,388 3.4 1,380 1Far North 2 2,247 1.8 1,650 1.1Lake Highlands 1,382 5.7 1,380 1.2M Streets 2.6 1,989 0.7 2,150 1.5North 1.6 1,840 5 0.9North Dallas 2.3 3,803 3.9 2,400 1.5Northeast Dallas 1.7 1,838 5 1,800 1.2Oak Cliff 1.1 1,352 3.4 1.1
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Oak Lawn 2.2 1,746 0.6 1,950 1.6Preston Hollow 2.3 2,352 4.2 2,150 1.3South Dallas 1,267 3.3 1,400 1Southeast 1.4 1,590 3.4 1,650 0.9Southeast Dallas 1,262 4.6 1,280 1Southwest 1.7 1,697 2.8 1,700 0.9Southwest Dallas 1,438 3.5 1,590 1West 1.6 1,587 3.1 1,600 0.9Winnetka Heights 1,612 2.7 1,700 1.2Wolf Creek 1.1 1,412 2.3 0.9