By Steve Brown
10:43 AM on May 29, 2020
The great majority of Dallas-Fort Worth apartment renters are keeping up with their payments so far in the pandemic.
About 96% of D-FW apartment residents had made their May rent payments as of this week, according to a survey by RealPage.
Payment rates are down less than 2% from this time last year.
“April jobs information for D-FW indicates less economic damage than other big metros across the nation,” said Adam Couch, a market analyst for Richardson-based RealPage. “If national rent payments do deteriorate in late summer to early fall, there’s now hard data to suggest that D-FW will feel less pain.”
The latest nationwide surveys show that more than 90% of apartment renters had made full or partial payments as of last week. That’s only about 2% less than what had been paid at the same time in 2019, according to data from the National Multi Housing Council.
“Each week we see new evidence that Americans are prioritizing rent and that the work apartment firms did to create flexible payment plans is paying dividends,” Doug Bibby, president of the National Multi Housing Council, which represents major apartment owners, said in a statement. “However, the hardships caused by the outbreak are not ending anytime soon.”