DFW Apartment Market Rebalances as Vacancy Falls to 6.6% and 21,000 Units Arrive
Updated
Updated · D Magazine · Aug 6
DFW Apartment Market Rebalances as Vacancy Falls to 6.6% and 21,000 Units Arrive
3 articles · Updated · D Magazine · Aug 6
Summary
Dallas-Fort Worth multifamily vacancies are projected to drop 40 basis points to 6.6% in 2026, while effective rents are forecast to rise 1.8% as the market regains footing after two years of heavy deliveries.
100,000 new residents and 47,000 new households added year over year through March are helping absorb recent supply, while corporate expansion and job growth keep apartment demand firm.
21,000 units are expected to be delivered across North Texas this year, down from about 30,000 in 2025 and more than 44,000 in 2024, easing the supply pressure that had flooded the market.
Transaction activity still fell 4% through March because deals above $20 million dropped 17%, though smaller trades rose 13% as private investors stayed active.
Investors expect a broader metro recovery through 2027, but executives say returns will vary sharply by submarket, with Dallas and Fort Worth urban cores seen as healthier pockets.