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Title: Report: 'Rich Renter' Households in DFW Up as Much as 198% in Five Years » Dallas Innovates

Citation Type: Miscellaneous

Publication Year: 2023

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Abstract: High-income renters are making a mark on the North Texas rental market, with Dallas-Fort Worth boasting the third highest number in the state and sitting 12th nationally. That’s according to a new report from RentCafe, an apartment search website that helps renters find resident-rated rental communities. What are high-income renters? They’re people who earn $150,000 a year or more and who rent homes rather than buy them. That choice may be fueled by home prices growing by 54%, prompting a whetted appetite for rentals. Not surprisingly, RentCafe’s list of top millionaire renter hotspots was led by New York, San Francisco, and Los Angeles.

Url: https://dallasinnovates.com/report-rich-renter-households-in-dfw-up-as-much-as-198-in-five-years/

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Authors: Murray, Lance

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Data Collections: IPUMS USA

Topics: Housing and Segregation

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