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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 956,709 people, 326,648 houses or apartments, and a median cost of homes of $337,519, 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 64.87% of the city's housing units. Other types of housing that are prevalent in Fort Worth include large apartment complexes or high rise apartments ( 24.81%), duplexes, homes converted to apartments or other small apartment buildings ( 5.43%), and a few row houses and other attached homes ( 3.03%).
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 55.67% owning and 44.33% renting.
Fort Worth homes and real estate are some of the newest in America. 38.70% of Fort Worth'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 Fort Worth real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.96%), and between 1940-1969 ( 21.67%). There's also some housing in Fort Worth built before 1939 ( 5.68%).
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 131.27% over the last ten years, which is an average annual home appreciation rate of 8.75%, putting Fort Worth in the top 20% 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.
Over the last year, Fort Worth appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Worth's appreciation rate has been 1.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Worth were at 1.89%, which equates to an annual appreciation rate of 7.76%.
Relative to Texas, our data show that Fort Worth's latest annual appreciation rate is lower 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.
$337,519
for Texas
for nation
326,648
$2,194 / per month