This brings us no pleasure to point out, but it seems not everyone thinks as highly of Dallas as we do. Sure, we have some quibbles with certain things about living here, but for the most part, we think Big D is the best. But a new RentCafe survey says Dallas is way behind a couple of other major Lone Star cities in a category that has rightfully become a heated topic of conversation: affordable housing.
It’s not that Dallas is a terrible market for seeing new, affordable apartments built over the five-year span between 2019-2024; in fact, it’s among the top 20 U.S. cities with the fastest growth in affordable apartment construction and the total overall amount of new affordable apartments. But there’s no denying it hurts to see Dallas way below San Antonio and Austin on this specific stat.
One can surmise from the latest Dallas city bond package that city leaders acknowledge there’s a continuing affordable housing problem, but that the people making decisions about where bond money goes have decided the city isn’t in the homebuilding business. Earlier this month, the Observer broke down a report that says, although housing costs have begun to decrease, rent prices for the city’s lowest-income renters have not followed suit…