While Dallas garners much attention for its multifamily growth trends in Texas, a number of smaller markets in the state have increased apartment stock significantly or are set to do so.
RealPage studied the job market and population growth in four such markets.
The Sherman-Denison market, located a few miles from the Texas-Oklahoma border, is notable for the addition of two new semiconductor plants recently built in the market, which are expected to bring 5,000 new jobs. Total employment in the market grew 2.6% for the year ending in June and only 6,800 housing units are available, according to data from RealPage.
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