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Introduction

Economic conditions remain favorable for the Dallas/Fort Worth area, with both robust job and population growth contributing to significant pent-up demand for apartment homes. Elevated construction activity, concentrated most heavily within the metro’s urban, downtown areas and northern suburbs, continue to relieve some of this pressure. In spite of this, a 13-year in high occupancy rates recorded in 2014 suggest that demand is more than keeping pace with supply.

LIVING IN APARTMENTS

Renting can be smart choice for a wide range of individuals and families across all income levels. That’s why a diverse array of people call apartments home.

Apartment Residents
1,234,017
Spending Power
$8,904,332,132
Direct Jobs Supported
70,090
Total Economic Contribution
$18,608,273,290
Total Jobs Supported
188,521
Married couple with no children
10%
Married couple with children
12%
Single Individual living alone or with roommates
63%
Single Parent
15%
1 Person Household
45%
2 Person Household
27%
3 Persons or More in Household
28%
18%

of population lives in apartments

Managing Apartments

Apartment homes are economic engines, driving dollars and jobs that strengthen local communities.

Total Apartment Homes
560,056
Operation Dollars Spent
$1,918,015,998
Direct On-site Jobs
12,528
Total Economic Contribution
$4,069,765,262
Total Jobs Supported
31,911
5 to 9 apartment homes per building
26%
10 to 29 apartment homes per building
33%
20 to 49 apartment homes per building
17%
50 apartment homes per building or more
24%

Building Apartments

Apartment construction continues as a bright spot in the economy, helping lead the housing recovery.

Construction Dollars Spent
$1,033,912,663
Direct Jobs
5,822
Total Economic Contribution
$2,428,247,281
Total Jobs Supported
19,217
Apartments Built 1959 or earlier
4%
Apartments Built 1960 to 1979
25%
Apartment Built 1980 - 1999
45%
Apartments Built 2000 or Later
26%
48%

Multifamily Percentage of Total Building Permits