Two Dallas suburbs are hotspots for renters on the move, according to a new study.
Reviewing 3.4 million rental applications from 2021, Storage Cafe studied net migration rates to determine where renters are moving — and where they’re fleeing.
The results? Irving topped the nationwide list, with Lewisville coming in second. Dallas ranked No. 17 and Austin No. 18. For every renter who left Irving in 2021, 3.2 people arrived, the study says. And for every renter who left Lewisville and Dallas, 2.5 and 2.4 people moved in, respectively., a nationwide storage space marketplace. “Home to a quarter of a million residents, it checks many boxes.”
The study attributes the city’s top spot to its proximity to Dallas, affordable prices, spacious digs andMillennials account for 57% of new renters in Irving, and 61% moved from a different state, according to the study. That’s not surprising, asrents to soar in Irving and elsewhere. Last year, Irving led the nation for month-to-month increases, with the median rent for a one-bedroom apartment jumping 5.4% from May to June, to $1,180. Overall last year, rents rose 9.3% in Irving, according to Zumper, a rental listings website.
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