Fort Worth, TX Real Estate Market

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 Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fort Worth, TX Housing Market Trends

With a population of 918,915, 307,248 total housing units (homes and apartments), and a median house value of $256,948, Fort Worth real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Fort Worth, accounting for 65.94% of the city's housing units. Other types of housing that are prevalent in Fort Worth include large apartment complexes or high rise apartments ( 24.09%), duplexes, homes converted to apartments or other small apartment buildings ( 5.05%), and a few row houses and other attached homes ( 3.18%).

The most prevalent building size and type in Fort Worth are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.94% owning and 44.06% renting.

There is a lot of housing in Fort Worth built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Fort Worth built between 2000 and later ( 35.14%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.79%). There's also some housing in Fort Worth built before 1939 ( 5.92%).

Fort Worth Home Appreciation Rates

In the last 10 years, Fort Worth has experienced some of the highest home appreciation rates of any community in the nation. Fort Worth real estate appreciated 117.61% over the last ten years, which is an average annual home appreciation rate of 8.09%, putting Fort Worth in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fort Worth 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 Fort Worth that despite a nationwide downturn in the housing market, Fort Worth real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fort Worth appreciation rates continue to be some of the highest in America, at 21.41%, which is higher than appreciation rates in 77.25% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fort Worth. Fort Worth appreciation rates in the latest quarter were at 8.77%, which equates to an annual appreciation rate of 39.98%.

Importantly, this makes Fort Worth 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 Fort Worth's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fort Worth differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fort Worth - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fort Worth real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$256,948

Fort Worth, TX HOME PRICES

> $1,379,000
1.0%
1.0%
$1,034,001 - $1,379,000
1.3%
1.3%
$690,001 - $1,034,000
3.1%
3.1%
$552,001 - $690,000
3.9%
3.9%
$414,001 - $552,000
9.4%
9.4%
$276,001 - $414,000
24.8%
24.8%
$138,001 - $276,000
33.6%
33.6%
$69,001 - $138,000
16.8%
16.8%
$0 - $69,000
6.1%
6.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for TX

Value Relative To Nation

Number Of Homes And Apartments:
307,248

Fort Worth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
163.95% 4.51%
6
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,751 / per month

Homeownership Rate

Owners
55.9%
55.9%
Renters
44.1%
44.1%
Vacant
8.7%
8.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
35.1%
35.1%
1970 - 1999
35.2%
35.2%
1940 - 1969
23.8%
23.8%
1939 or Older
5.9%
5.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
65.9%
65.9%
Townhomes
3.2%
3.2%
Small Apt. Buildings
5.0%
5.0%
Apt. Complexes
24.1%
24.1%
Mobile Homes
1.7%
1.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.8%
2.8%
1 Bedroom
14.1%
14.1%
2 Bedrooms
21.9%
21.9%
3 Bedrooms
40.9%
40.9%
4 Bedrooms
17.4%
17.4%
5 or more bedrooms
2.9%
2.9%
0.0% 100.0%
% OF HOMES