Dallas Texas has always been viewed by many investors as offering exceptional value. there are a number of reasons for this. An ever swelling population in search of the great Texas weather and lifestyle have meant that the rental market remains extremely vibrant.
This is a market that offers the apartment investor exceptional returns – however there is also another reason why Dallas apartments have remained an exceptional investment. unlike other parts of the United States Dallas remains one of the places where it is simply cheaper to rent than it is to buy.
A recent study showed that Dallas apartments represent excellent value for those who choose to rent. With prices for apartment purchase rising steadily in the Dallas area first time home buyers simply may not have the access to capital that would allow them to purchase an apartment.
That’s not to say that rental rates have not been rising in the last decade – however they have been completely outstripped by the cost of owning a property – be it a house or an apartment.
This is a trend that seems set to continue for the foreseeable future – and certainly into 2018.
With new residents finding that the Dallas lifestyle is certainly to their liking and people moving from places like California where housing prices have simply left many unable to live the sorts of lives that they want – along with increasing costs for enjoying a fulfilling lifestyle it seems that the popularity of apartment living in Dallas will continue to be a lifestyle choice that will appeal to both younger people in search of the American dream and those who are settling into retirement.
For investors Dallas will remain an apartment buying opportunity that should not be ignored.