The trend of build-to-rent home construction is taking the real estate market by storm, and Central Texas is at the forefront of this growing movement. Recent data from RentCafe reveals that DFW ranks second nationally in build-to-rent home construction, with an impressive 441% increase in 2022 compared to the previous year. This surge results in a ten-year peak, with 2,773 units built in 2022 alone.
The Central Texas real estate market has seen significant growth in build-to-rent homes over the past five years. Between 2017 and 2022, nearly 4,000 units were added to North Texas, bringing the total to 7,843. Currently, there are 4,350 units under construction in the DFW area.
This exciting trend is not limited to just DFW; other cities in Central Texas are also experiencing growth in build-to-rent homes. Over the past five years, Houston added 1,875 units, Austin 1,096, and San Antonio 1,001, highlighting the increased popularity and demand for such properties in the region.
The rise of build-to-rent homes in Central Texas offers numerous benefits for both homeowners and investors. For prospective homeowners, these properties provide the opportunity to enjoy the perks of a new, modern residence without the responsibilities of homeownership. Meanwhile, investors appreciate the strong demand for rental properties, opening up new avenues for long-term income and portfolio diversification.
To learn more about the building and investment opportunities in Central Texas, visit our website or get in touch with Yee-Haw Development Marketing Group. For more information on build-to-rent home construction, check out the original article at https://www.recenter.tamu.edu/news/newstalk-texas/?Item=29285.