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    Paying the price

    Rents could increase this much if Amazon HQ2 picks Dallas, new study says

    John Egan
    May 21, 2018 | 4:05 pm
    Amazon logo
    Apartments will likely see a rise in rent if Dallas lands HQ2.
    Photo by Wallstplaybook.com

    A new study shows the price Dallas or Austin could pay if Amazon picks either Texas city for its second headquarters. Data and analytics provider CoStar Group forecasts both cities will see a 10-year rise in apartment rents if either lands Amazon’s so-called HQ2 project — but Austin rents would increase more than those in Dallas.

    Dallas-Fort Worth would see a modest increase in apartment rents if the Amazon project comes here, the study suggests. CoStar predicts DFW rents will go up 14.8 percent from 2018 to 2028 without HQ2 (from $1,116 to $1,281) and 17 percent with HQ2 (from $1,116 to $1,307). By itself, HQ2 would be responsible for a $26-a-month rise in DFW rents during that period.

    By comparison, CoStar forecasts that without HQ2, the average apartment rent in the Austin area will jump from $1,206 a month this year to $1,450 in 2028, or 20.2 percent. But if HQ2 does settle there, rent would climb from $1,206 to $1,553 during the same period, or 28.8 percent, the CoStar report says. In other words, HQ2 alone could cause a $103-a-month surge in Austin rents from 2018 to 2028.

    The estimates apply to apartments of all sizes.

    Among the 16 U.S. metro areas that are finalists for HQ2, Raleigh, North Carolina, would experience the biggest spike in rental rates, the CoStar study says, followed by Nashville, Tennessee, Columbus, Ohio, and then Austin.

    CoStar is the latest group to make predictions about the housing markets in cities Amazon is considering.

    Apartment List, an online marketplace for apartment hunters, forecasts rents will climb an extra 0.2 percent to 0.4 percent in DFW if HQ2 ends up here. In Austin, it could be 0.8 percent to 1 percent a year.

    Earlier this year, a report from Amherst Capital Management LLC, a real estate investment firm, predicted demand for single-family homes in the Dallas metro area would inch up by just 4 percent if this region scores HQ2. By comparison, the Austin metro area would jump by 13 percent.

    And Mr. Cooper, a Dallas-based mortgage lender, forecasts home values in Austin will rise 5.9 percent from June 2018 to June 2019 without HQ2 and 15.8 percent with HQ2. For Dallas, those same numbers would be 3.7 percent and 12.4 percent.

    For both Austin and Dallas, “home prices would see some uplift from a favorable Amazon announcement,” Mr. Cooper says, “but it won’t be profoundly different from the current trajectory.”

    rent
    news/real-estate

    Senior Citizen News

    Dallas cuts slack on senior homeowners with new property tax exemption

    Teresa Gubbins
    Jun 11, 2025 | 2:07 pm
    A calculator, a house, and a bag of money
    Getty Images
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    Dallas seniors who own a home got cut a break: On June 11, the Dallas City Council approved additional property tax relief for senior and disabled homeowners by increasing the city’s property tax exemption for residents who are 65 or older or disabled.

    The exemption amount will increase from $153,400 to $175,000, effective for the 2025 tax year.

    “We are proud to support our older and disabled residents with this increase," says Dallas City Manager Kimberly Bizor Tolbert. “This exemption helps Dallas homeowners stay in their homes as they age.”

    The exemption applies to homeowner’s primary residence (homestead) and reduces the taxable value of the home by $175,000 for the City of Dallas portion of their tax bill.

    If the market value of a home is $218,750 or less, then eligible homeowners will pay no city of Dallas property taxes, as a result of the $175,000 65-or-older or disabled exemption and the 20 percent homestead exemption.

    Cutting back on property taxes for seniors has become a growing trend, with states and cities such as New Jersey and Atlanta taking steps in 2025 to provide relief to seniors in response to rising property values raising property taxes rates — most difficult for older homeowners on fixed incomes.

    Eligibility Requirements
    Under Texas law, homeowners may qualify for the Over-65 or Disabled Person Exemption if they meet the following qualifications. (You do not need to reapply if you already have this exemption.)

    • Must own and occupy the home as a principal residence (homestead)
    • Must be age 65 or older or certified as disabled under Social Security guidelines

    Only one of the exemptions (Over-65 or Disabled) may be claimed per homeowner per residence.

    If a resident is a surviving spouse of someone who received the Over-65 exemption, they can continue the exemption if they were 55 years old at the time of their spouse’s death.

    The City of Dallas spans several counties. To get the exemption, residents must apply through the appraisal district for the county in which their property is located, as follows:

    • Dallas County – dallascad.org
    • Collin County – collincad.org
    • Denton County – dentoncad.com
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