About the Ft. Worth Housing Market
Fort Worth, Texas is one of the fastest-growing cities in the United States. In 2022, it added more new residents than any other city in the country, with a population growth of 4.1%. Fort Worth is a diverse city, with people from all over the world calling it home. This diversity is reflected in the city’s culture, food, and entertainment options.
Fort Worth’s growth can be attributed to a combination of factors, including a strong job market, affordable cost of living, cultural amenities, outdoor recreation, transportation infrastructure, and a pro-business environment.
Fort Worth has a diverse economy with a range of industries, including aviation, defense, healthcare, and logistics. This has led to a strong job market with many employment opportunities. The city is a major economic center in Texas, with a diverse economy that includes a mix of industries. There are many job opportunities available in Fort Worth, and the unemployment rate is relatively low.
Median Household Income: $67,927
Metro Population: 7.6 Million
11-Year Population Growth: 24%
Median Home Price: $343,000
Median Rent Per Month: $2,095
1-Year Equity Growth: 122.39%
8-Year Equity Growth : 300%
1-Year Rent Growth: 15%
8-Year Rent Growth (January 2014 – December 2022): 49.5%
Job Growth: +203,100 CES jobs created over the last year
1-Year Job Growth Rate: 47.17% (87% higher than the national average)
Unemployment Rate: 4% (0.1% lower than the national average)
Tenant Laws: Landlord-Friendly
What to Like
Strong economy
Affordable cost of living
No state income tax
Diversity
Mild climate w/ distinct seasons
What to Watch Out For
Summer heat
Higher crime rate in some areas
Traffic congestion
Conservative culture
– Fort Worth is home to a number of Fortune 500 companies, including American Airlines, Charles Schwab, and J.C. Penney. The city’s unemployment rate is also below the national average.
– Fort Worth has a rich culture and a variety of entertainment options. There are museums, theaters, art galleries, and historical sites to explore. Fort Worth is also home to a number of professional sports teams, including the Fort Worth Stockyards Championship Rodeo.
– Fort Worth is home to a major international airport and has a strong transportation network, including highways, railroads, and ports, which makes it an attractive location for businesses and industries.
– Fort Worth has a pro-business environment with low taxes and minimal regulations, which has made it an attractive location for businesses and entrepreneurs.
– Fort Worth has a rich cultural heritage and is home to many museums, art galleries, and theaters, including the renowned Kimbell Art Museum and the Bass Performance Hall.
Steady population increase
The future growth of Fort Worth is expected to continue. The city is projected to add over 287,000 people in the next 25 years, reaching over 1.2 million by 2045. This growth will be driven by the continued expansion of the city’s economy, as well as its attractiveness as a place to live.
Quality of life
Fort Worth has a lot to offer its residents, including a vibrant arts scene, a variety of cultural attractions, and a mild climate. Fort Worth is a relatively affordable city, especially when compared to other major cities in Texas or the United States. The cost of housing, healthcare, and other necessities is lower in Fort Worth than in many other places.
Steady home price appreciation
The continued growth of the Dallas-Fort Worth metro area: The Dallas-Fort Worth metro area is the fourth-largest metro area in the United States, and it is expected to continue to grow in the coming years. This growth will benefit Fort Worth, as it will attract more businesses and people to the area.
Purchasing Property in Ft. Worth
Fort Worth is investing heavily in its infrastructure, including its roads, bridges, and public transportation system. This investment will make the city more attractive to businesses and people, and it will help to support the city’s continued growth.
The development of new industries in Fort Worth: Fort Worth is home to a number of growing industries, including technology, healthcare, and transportation. These industries are expected to continue to grow in the coming years, which will create more jobs and attract more people to the city.
The 10 neighborhoods in Ft . Worth that have seen the greatest increase in home values since 2000 are: Polytechnic Heights, Stop Six, Far Greater Northside East, Cabalito Del Mar, and Hillside East.
Ft, Worth, Texas
No warranty, expressed or implied, is made regarding the accuracy, adequacy, completeness, reliability or usefulness of any data provided. These data are provided “as is.” All warranties of any kind, expressed or implied, including but not limited to fitness for a particular use, freedom from computer viruses, and non-infringement of proprietary rights, are disclaimed. By visiting this website, the user agrees that the data presented here is added and changed periodically, and data may become out-of-date quickly. This data is provided for informational use only, and the user is encouraged to perform his/her own research.