Some U.S. neighborhoods have witnessed explosive apartment growth during the past 10 years, as a record number of completions have occurred during the latest apartment building cycle. Texas is home to most of the highest-growth markets, according to a RealPage report.
Twelve of the nation’s 997 submarkets within 150 apartment markets saw apartment inventory grow by more than 140% during the past decade. That compares with overall U.S. apartment growth of 21% between 2014 and 2024.
Three Dallas submarkets were among the dozen that grew the fastest over the past decade. They are Frisco, up 238.3%; Rockwall, up 234%; and Kaufman County, up 143.9%. Frisco, which more than tripled its apartment inventory during the past decade, was the third-fastest growing submarket in the country, behind Brooklyn and Jersey City.
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