Marcus Hiles Discusses Texas Cities As Top Rental Markets

The city which ranked the highest in Texas is Austin, also noted by Forbes as the second best metro in America to invest in rental properties. The other cities placing on the list, from top to bottom, were Fort Worth, Corpus Christi, Houston, Arlington, Dallas, and San Antonio. Marcus Hiles discussed that the Dallas/Fort Worth metro area continues to maintain one of the strongest rental property markets in the country, with three cities within the region being included in the list. Citing a recent report that predicted the region’s real estate prices – already averaging $233,000 – to rise another 31 percent by 2020, Hiles stated that renting has simply become the more logical housing option in this region. Furthermore, the trend of developers such as Western Rim shifting their focus from traditional, cookie cutter apartment complexes to building spacious single-family communities offering luxurious, amenities and lifestyle benefits is raising appeal to a resurging rental scene.

 

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