By | July 12, 2019

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High housing costs mean that North Texas is seeing more renters these days.

A new national comparison of major markets finds that the Dallas-Fort Worth area is one of the best places to rent.

D-FW ranked third nationally on Policygenius’ renters index. Only Las Vegas and Phoenix scored higher as places to rent.

The ranking was based on the cost of renting vs. buying, the number of renters in the market, rental costs and other factors.

While D-FW apartment rents are at an all-time high of about $1,150 a month, that’s still below the nationwide average of more than $1,300, according to the latest info from Richardson-based apartment industry service firm RealPage.

D-FW apartment rents were up 2.6% in the second quarter from a year ago, slightly less than the nationwide increase of 3%.

Austin also made Policygenius’ list of the top markets for renters. Houston ranked 20th and San Antonio was 44th.

The metro areas that got the lowest markets included Rochester, N.Y.; Columbia, S.C.; and Sarasota, Fla.

"Some of the cities that scored low in the index have high rates of property crime, sometimes up to 60% higher than the national average," the analysts said in the report. "Even though these cities ranked toward the bottom of the index, that doesn’t mean they’re without their benefits; in some cases, it might simply be more advantageous to own rather than rent."

Become a D-FW real estate insider.

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