Forney, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Forney Neighborhoods Since 2000




Forney, TX Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Forney Housing Market Information

With 18,418 people, 5,317 houses or apartments, and a median cost of homes of $214,571, Forney real estate is some of the most expensive in Texas, although Forney home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Forney, accounting for 92.92% of the city's housing units. Other types of housing that are prevalent in Forney include large apartment complexes or high rise apartments ( 3.15%), mobile homes or trailers ( 2.65%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Forney. Owner-occupied housing accounts for 84.99% of Forney's homes, and 83.31% have either three or four bedrooms, which is average sized relative to America.

Forney homes and real estate are some of the newest in America. 63.34% of Forney's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Forney real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.36%), and between 1940-1969 ( 9.76%).

Forney Home Appreciation Rates

In the last 10 years, Forney has experienced some of the highest home appreciation rates of any community in the nation. Forney real estate appreciated 31.10% over the last ten years, which is an average annual home appreciation rate of 2.75%, putting Forney in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Forney definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Forney that despite a nationwide downturn in the housing market, Forney real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Forney appreciation rates continue to be some of the highest in America, at 10.39%, which is higher than appreciation rates in 94.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Forney. Forney appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.

Importantly, this makes Forney one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that Forney's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$214,571

Forney, TX HOME PRICES

Value Range
> $1,319,000 0.0
$989,001 - $1,319,000 0.1
$659,001 - $989,000 0.5
$528,001 - $659,000 0.9
$396,001 - $528,000 4.1
$264,001 - $396,000 19.0
$132,001 - $264,000 66.1
$66,001 - $132,000 6.6
$0 - $66,000 2.7

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
28.823391538732 14.0077821011673

Number Of Homes And Apartments:
5,317

Forney Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
51.42% 2.43% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,562 / per month

Homeownership Rate

Homeownership
Owners 84.99
Renters 15.01
Vacant 4.27

Housing Market Details

 

Age of Homes

AGE OF Forney HOMES
2000 or Newer 63.3
1970 - 1999 26.4
1940 - 1969 9.8
1939 or Older 0.5

Types of Homes

TYPE OF Forney HOMES
Single-Family 92.9
Townhomes 0.8
Small Apt. Buildings 0.3
Apt. Complexes 3.2
Mobile Homes 2.6
Other 0.2

Home Size

SIZE OF Forney HOMES
No Bedroom 0.34
1 Bedroom 0.70
2 Bedrooms 8.50
3 Bedrooms 51.30
4 Bedrooms 32.01
5 or more bedrooms 7.15