The median gross income in Tarrant County, Texas, was recently reported. This figure is an important indicator of the rental rate in the area, as it more accurately reflects the cost of rent in the middle of the income distribution. To get a better understanding of the rental market in Tarrant County, it is also important to look at other data points such as the number of homes for sale, rental vacancy rates, rent as a percentage of median income, and the fraction of tenants in Tarrant County. The trend of median number of days in the market in Tarrant County has been declining since last month and has risen slightly since last year.
This indicates that rental rates are on the rise and tenants should be prepared to pay more for their rental property. Tarrant County tenants looking for the least expensive areas to rent should look for areas that are on the red end of the spectrum on the rental cost map. This will help them find areas with lower rental rates.