Hottest Suburbs for Renters in the Dallas Area

Jason C.
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Dallas

There are areas of the country that are hotter than others when it comes to the real estate market for renters. Texas, especially the Dallas area, has some of the most popular up-and-coming suburbs for renters. These suburbs have been listed and ranked by RENTCafe. It’s important to note that the data is based off changes in the renter population from 2011 until 2016. Let’s see what they have to say!

Suburban Versus City Life

The author of the article, Florentina Sarac, noted that living in the suburbs isn’t necessarily as exciting as living in a major city. Within suburbs, attractions are often spread of distances. In cities, however, so many things seem to be within walking distance or at least have close relative proximity.

That being said, people are flocking to suburbs. Why? Florentina writes, “Renting in the suburbs tends to be more affordable, generally, and who doesn’t like the idea of paying less for more space? In addition, suburban public schools are often better than inner city schools, and there’s no match for the sense of community, especially if you’re raising a family.”

Trending Texas Suburbs

RENTcafe listed 20 of the hottest suburbs people are moving to. Of the 20, Texas showed up on the list 5 times! Here they are:

  • Flower Mound, TX (#3; Dallas metro)
  • Allen, TX (#8; Dallas metro)
  • Burleson, TX (#9; Dallas metro)
  • Pearland, TX (#11; Houston metro)
  • The Colony, TX (#19; Dallas metro)

It’s worth noting that 4 of the 5 suburbs in the Dallas area. Dallas is booming! Furthermore, to get more specific, Burleson is actually closer to Fort Worth. Still, the area is the current trendsetter for the state when it comes to the real estate market for renters.

Let’s take a closer look at each of these suburbs to get an idea of why they are so popular.

Flower Mound, TX

  • Renter Population Increase: 115%
  • 5-Year Rent Change: 22%
  • Average Rent: $1,546
  • Average Rent in Dallas: $1,181
  • Renter Income Change: 5%

Allen, TX

  • Renter Population Increase: 71%
  • 5-Year Rent Change: 16%
  • Average Rent: $1,295
  • Average Rent in Dallas: $1,181
  • Renter Income Change: 4%

Burleson, TX

  • Renter Population Increase: 70%
  • 5-Year Rent Change: 21%
  • Average Rent: $1,187
  • Average Rent in Dallas: $1,181
  • Renter Income Change: 9%

Pearland, TX

  • Renter Population Increase: 67%
  • 5-Year Rent Change: 6%
  • Average Rent: $1,273
  • Average Rent in Houston: $1,091
  • Renter Income Change: 8%

The Colony, TX

  • Renter Population Increase: 58%
  • 5-Year Rent Change: 25%
  • Average Rent: $1,315
  • Average Rent in Dallas: $1,181
  • Renter Income Change: -4%

Texas Suburb Growth Chart

There’s more market growth in Texas! As you can see in the chart above, our top 5 suburbs—Flower Mound, Allen, Burleson, Pearland, The Colony—are already listed. In addition to those, RENTCafe listed even more of the trending cities in the state.

Coming in right after The Colony is Keller, TX, which saw a 54% increase in renters (compared to The Colony’s 58%). Then we have Frisco (51% increase), Friendswood (50% increase), and Desoto (49% increase). To view more trending cities, head over to RENTCafe.

One more important thing to note is this: 4 out of the top 5 cities are suburbs of Dallas. 1 is a suburb of Houston. Looking at the chart, this trend continues. Most of the cities are suburbs of Dallas and one more (Friendswood) is a suburb of Houston.

Are you interested in moving to the Dallas area? How much would it cost to move? Use our free Moving Quote for Dallas, TX to get the answer!

Featured photo is a screenshot of RENTCafe by RPS Relocation

Texas suburb growth chart photo is a screenshot of RENTCafe by RPS Relocation

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