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    Rent Report

    Dallas home to most expensive rent in Texas, shows new report

    Sam Radbil, Abodo
    Jan 16, 2018 | 3:55 pm
    Dallas apartment building
    The most expensive rent in Texas is here in Dallas.
    Photo courtesy of Abodo

    In July, a midyear report from Abodo found Dallas’ rents rose a monthly average of 1.12 percent, despite a nationwide year-to-date change of $0. As it turned out, that trend reversed course somewhat for the remainder of the year.

    According to a recent rent report by Abodo, the early months of 2017 saw stability and decreases for much of the country, while rent for Dallas apartments steadily rose. In the last three months of the year, the nation felt steep increases, while Dallas saw its greatest rent decreases of 2017: down 2.8 percent in October, and another 2.5 percent in November.

    May (4.5 percent), June (5.1 percent), and July (4 percent) brought the highest monthly increases of the year, which could bolster a recent movers survey that found spring and summer were the most popular months to move. (The survey was directed at homeowners, but given the correlating months of rent jumps, it seems renters share the sentiments.)

    Dallas ended 2017 with a median one-bedroom rent of $1,208 — the highest in Texas — and an average monthly increase of 0.71 percent, compared with 0.21 percent nationwide. The year low of $1,096 was reached early on, in February, and surged to a high point in August, with $1,293.

    Compared with statewide averages, Dallas’ numbers could look better. Average monthly one-bedroom rent in Texas in 2017 was just $882, and the state saw an average monthly increase of 0.5 percent. El Paso and Lubbock saw some of the country’s largest monthly decreases of the year, dropping an average of 1.9 percent and 1.4 percent a month, respectively. Corpus Christi, meanwhile, had the opposite trend, landing at No. 5 nationwide for highest average monthly increase: 1.9 percent. Apartments in Houston (0.78 percent), San Antonio (0.84 percent), and Corpus Christi were the only cities in Texas to outpace Dallas in average monthly increases.

    Texas was one of 28 states that saw an overall rent increase in 2017, mainly in the South, Northeast, and Plains states. These numerous increases pushed the national median one-bedroom rent price up 2.4 percent, from $1,016 in January to $1,040 in December.

    Moving into 2018, national rents climbed a bit, 0.6 percent, to $1,046. Although still well ahead of the national median, Dallas rents increased by a much smaller margin for January, up 0.1 percent to $1,210.

    The state’s housing market is poised for change in 2018 — between the new tax bill and recovery from Hurricane Harvey — but if it’s anything like 2017, Dallas renters have three more months to enjoy the moderate rents before a summer surge. For more on where rents are rising and falling the fastest, visit Abodo’s 2017 Annual Rent Report.

    reportsrent
    news/real-estate

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    Home For Sale

    Once-in-a-century 3-acre estate for sale in Dallas' Preston Hollow

    Teresa Gubbins
    May 20, 2025 | 10:58 am
    9511 Inwood Rd.
    The Agency Dallas
    9511 Inwood Rd.

    A once-in-a-generation estate has hit the market in Dallas' Preston Hollow neighborhood. Located at 9511 Inwood Rd., the home is being offered for sale for the first time in more than a century, having remained under the stewardship of the same family since at least 1940 when the current home was built.

    Situated on nearly three acres on a corner lot, it's an English-style estate surrounded by century-old hardwoods and manicured landscaping, creating a private sanctuary in the middle of the city.

    There's a main residence, guest quarters, and two workshops, one featuring a rail-mounted hoist and enhanced electrical systems.

    Listed for $7,500,000, the home has 4,675 square feet with four bedrooms, 4.5 bathrooms, and a five-car garage.

    The property is free from both floodplain and historic designation, allowing a buyer to remodel, rebuild, or (ugh) subdivide. It also has three curb cuts — two on Inwood Road and one on Park Lane — with the possibility of a posh Park Lane address.

    It's also zoned for horses and other animals, and a perimeter privacy wall can be added.

    According to listing agent Andrea Childress with The Agency Dallas, the property was originally known as Sunnyslope Estate, and was developed more than 100 years ago by oilman M.H. Marr, who was searching for a place to settle with his family when he discovered the tract of land on what was then the edge of Dallas and is now in the heart of Preston Hollow.

    Marr's wife, Adah Yale Marr, was known for her prominent social presence, entertaining various figures and hosting business gatherings with Dallas families like the Hunts, Meadows, and DeGolyers among their guests.

    9511 Inwood Rd.
      

    The Agency Dallas

    9511 Inwood Rd.

    Childress calls it "more than just a listing—it’s a landmark."

    "Properties like this simply don’t exist anymore, especially with this kind of acreage, location, and legacy,” she says.

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