North Texas (Dallas-Fort Worth) Multifamily Market Update | Newmark | Q1 2026

Market Overview

DFW delivered a record 44,218 multifamily units in 2024 before stepping down to 30,868 in 2025, with just 23,091 units projected for 2026, a 48% reduction from peak and the steepest supply cliff in DFW market history. Home prices have stabilized in the mid-$400,000s following sharp appreciation through 2022, with elevated ownership costs continuing to support strong apartment demand. DFW ranks #1 in the U.S. for employment growth from 2019 to 2026, adding 604,400 jobs (16.3% growth), and is the #4 largest metro in the nation by population, having added 811,496 residents from 2020 through 2025, a 10.5% increase.

About Newmark

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Newmark is a leading commercial real estate advisory firm providing investment sales, debt and structured finance, and valuation services to owners, investors, and occupiers nationwide. Their North Texas Multifamily Real Estate Market Update is curated to inform corporate real estate owners, occupiers, and investors on the current state of the DFW area's multifamily sector. To read the full report, click here.