Fort Worth TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Fort Worth, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Fort Worth Housing Market Information

With a population of 895,008, 291,739 total housing units (homes and apartments), and a median house value of $187,568, Fort Worth real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Fort Worth, accounting for 66.94% of the city's housing units. Other types of housing that are prevalent in Fort Worth include large apartment complexes or high rise apartments ( 23.35%), duplexes, homes converted to apartments or other small apartment buildings ( 4.74%), and a few row houses and other attached homes ( 3.25%).

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 56.10% owning and 43.90% 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 ( 33.96%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.08%). There's also some housing in Fort Worth built before 1939 ( 6.39%).

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 72.83% over the last ten years, which is an average annual home appreciation rate of 5.62%, 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.

NeighborhoodScout's data show that during the latest twelve months, Fort Worth's appreciation rate, at 5.28%, has been at or slightly above the national average. In the latest quarter, Fort Worth's appreciation rate has been 1.31%, which annualizes to a rate of 5.34%.

Relative to Texas, our data show that Fort Worth's latest annual appreciation rate is higher than 50% 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:
$187,568

Fort Worth, TX HOME PRICES

Value Range
> $1,284,000 0.9
$963,001 - $1,284,000 1.0
$642,001 - $963,000 2.4
$513,001 - $642,000 2.7
$385,001 - $513,000 6.0
$257,001 - $385,000 14.8
$128,001 - $257,000 36.9
$64,001 - $128,000 26.2
$0 - $64,000 9.1

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
44.9693430656934 31.1348205625606

Number Of Homes And Apartments:
291,739

Fort Worth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
114.01% 3.83%
7
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,415 / per month

Homeownership Rate

Homeownership
Owners 56.10
Renters 43.90
Vacant 8.73

Housing Market Details

 

Age of Homes

AGE OF Fort Worth HOMES
2000 or Newer 34.0
1970 - 1999 34.6
1940 - 1969 25.1
1939 or Older 6.4

Types of Homes

TYPE OF Fort Worth HOMES
Single-Family 66.9
Townhomes 3.2
Small Apt. Buildings 4.7
Apt. Complexes 23.4
Mobile Homes 1.7
Other 0.1

Home Size

SIZE OF Fort Worth HOMES
No Bedroom 2.50
1 Bedroom 13.27
2 Bedrooms 23.28
3 Bedrooms 41.09
4 Bedrooms 16.61
5 or more bedrooms 3.27