Dallas, TX Multifamily Market Report | Yardi Matrix | Q4 2025

Market Overview

Dallas-Fort Worth delivered 20,312 units through September 2025 with another 50,270 under construction, one of the largest active pipelines in the country. The volume pressed asking rents down 0.4% on a trailing three-month basis to $1,518, and 1.9% year-over-year against a 0.6% national gain. Yet occupancy in stabilized assets edged up 10 basis points year-over-year to 93.1% in August, a sign that demand is absorbing new supply. DFW employers added 44,000 net jobs through July, led by education and health services and government, with employment growth of 1.1% outpacing the national rate. Construction starts moderated during the period, and investment totaled $2.9 billion year-to-date through September, with the average price per unit rising 4.1% to $166,783.

About Yardi Matrix

Yardi Matrix is a national commercial real estate data and analytics firm serving investors, developers, and property managers across asset classes. Their Dallas-Fort Worth November 2025 multifamily market report covers asking rents, occupancy, construction pipeline activity, and investment volume to help owners and investors assess market conditions. To read the full report, click here.