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    Building news

    Dallas will boom with most new apartments in U.S. this year, report says

    John Egan
    Aug 20, 2020 | 10:36 am
    Uptown Dallas apartments with skyline
    Dallas-Fort Worth eclipses all other U.S. metro areas for the number of new apartments predicted to be finished this year.
    HIgs2006/Getty Images

    The coronavirus pandemic has brought many activities to a unsettling halt. But it has failed to blunt Dallas' apartment construction boom.

    New data from Yardi Matrix, a supplier of commercial real estate data and research, shows shows that Dallas comes in at No. 8 in the U.S. for most apartments completed during the first six months of 2020, with 1,869 apartments built. Neighboring Farmers Branch lands at No. 18, with 1,161 units.

    But the bigger news is what's to come, the research suggests. In the Yardi Matrix forecast, Dallas-Fort Worth eclipses all other U.S. metro areas for the number of new apartments predicted to be finished this year — 19,318.

    This would be DFW’s third year in a row to lead all metro areas for annual apartment construction, with New York City claiming second place.

    While that’s an impressive number of apartments, this year’s anticipated final total for DFW would be down 29 percent versus last year, Yardi Matrix says.

    Little surprise to those paying attention to Texas real estate: More apartments were completed in Austin during the first six months of 2020 than in any other U.S. city. In the first half of the year, construction of 3,827 apartments was finished within the city of Austin, according to Yardi Matrix.

    Right behind Austin on that list is San Antonio, where 2,871 new apartments hit the market in the first half of this year. Also in the top 20 is Houston, No. 7 with 2,085 apartments.

    “Around the U.S., we have seen a variety of states, counties, and cities choose to close nonessential businesses for ‘stay at home’ or ‘shelter in place’ orders. For the most part, construction activity has been included as an essential activity that can continue with business as usual during these orders,” Doug Ressler, manager of business intelligence at Yardi Matrix, says in a release.

    As far as other statewide forecasts go, the entire Austin metro area is projected to complete 9,342 apartments this year, according to Yardi Matrix. In that category, Austin ranks fifth among U.S. metro areas. Compared with last year, completion of new apartments in the Austin area is expected to rise 9 percent in 2020.

    “The popular Texas metropolitan area saw an increase of 62,000 residents from 2018 to 2019,” Yardi Matrix says. “In response to the high demand, Austin metro has been an active scene for new construction in the past five years, having completed over 50,000 new apartments since 2016.”

    In third place for projected apartment completions in 2020 is the Houston metro area. Yardi Matrix foresees the region welcoming 10,404 new apartments this year, up 2 percent from 2019.

    Coming in at No. 19 for predicted apartment completions this year is the San Antonio area, with 4,595 new units on taps. However, that total would represent a 20 percent jump over last year, putting San Antonio in fourth place for the percentage increase from 2019 to 2020.

    reportsrent
    news/real-estate

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    Dallas Got Robbed

    The richest small town in Texas is surprisingly not in Dallas

    Amber Heckler
    Dec 12, 2025 | 1:18 pm
    Bellaire, Texas
    Facebook / City of Bellaire, Texas
    Houston neighbor Bellaire is the richest town in Texas.

    A survey of affluent small towns has found one town in Texas to be at the top of the list, but shockingly, it is not in Dallas. The town of Bellaire, a small enclave within the Houston metro area, has earned the top spot as the richest small town in Texas for 2025. Boo.

    The report, "The Richest Small Town in Every State," from GoBankingRates, selected one city from each state, using data from the U.S. Census Bureau's American Community Survey to determine the 50 richest small towns based on their median household income.

    Describing Bellaire as a "small town" might be a misnomer. It's located less than 10 miles from downtown Houston and is fully surrounded by the City of Houston. It's really more of a wealthy enclave within Houston, with a population of just over 17,000 residents.

    Those affluent citizens earn a median $236,311 in income every year, which GoBankingRates says is the 11th highest household median income out of all 50 cities included in the report.

    The average home in this city is worth over $1.12 million, but Bellaire's lavish residential reputation often attracts properties with multi-million-dollar price tags.

    Bellaire also earned a shining 81 livability score for its top quality schools, health and safety, commute times, with an abundance of exceptional local amenities.

    Those include conveniently located grocery stores, coffee shops, diverse dining options, and spacious parks.

    It's not the first time that Bellaire has caught the eye of GoBankingRates, which previously ranked it as the No. 23 wealthiest suburb in America, and it's been named on similar lists comparing the richest American cities.

    Dallas can take comfort in the fact that a different survey found Lewisville to be of the cities attracting the most high-income households, meaning those that make more than $200,000. However, census data places the most recent median income in Lewisville at $85,002 — so it's nowhere close to catching up to Bellaire.

    suburbshoustonbellaireaffluent households
    news/real-estate
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