As more jobs and more Fortune 500 companies move to Dallas, bundles of young professionals are also making their way to North Texas, which is one of many reasons why the DFW apartment market continues to remain red hot in 2017.
Back in 2015, Forbes listed Dallas as the 15th Best Place for Business and Careers, and this past December NerdWallet also named Irving, Texas—a thriving suburb of Dallas—one of the best cities in the entire country for job seekers in 2017.
But now that the Dallas and surrounding North Texas area has been established as a destination spot, just what exactly is the cost of living here? Well, according to recent analysis from Zumper, the median rent price for a studio apartment in Dallas was $1,155 per month back in March, which is already up 2.2% compared to just one month prior.
Further analysis showed one-bedroom apartments for rent in Dallas has a median rent of $1,333, which is up 2.9% compared to the end of February, while two-bedroom apartments had a median rent of $1,805 and a month-to-month gain of 3.1%.
Three-bedroom apartment prices settled at $1,900 per month back in March—up 6.1% from February—and four-bedroom units had a median price of $2,200, which is actually down 12% from just one month prior.