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Red-Hot Rental Markets Demand Higher Scores

Score averages are affected by a series of factors, including the local job market and median incomes, which dictate the quality of tenants in the area, as well as the type and availability of apartment supply in each market.

By Lisa Brown | Updated on December 07, 2017

Credit scores Credit standards for future tenants tend to be higher in class-A buildings, of course.

DALLAS—Some cities are known for being red-hot when it comes to apartment prices and rental demand, but how competitive are metros such as Dallas, Fort Worth and surroundings in terms of tenant credit requirements? A recent RentCafé study of prospective tenant credit scores from screening service RentGrow shows that Fort Worth has the most credit-worthy tenants in the region.

Rental applicants who were approved for a lease in Fort Worth this year had an average score of 654, the 20th highest in the nation and second highest in Texas after Austin (659). Rental applicants who were approved for a lease in Dallas had a lower average credit score of 634 and those in Arlington had a score of 610, on average.

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