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Fort Worth real estate market overview
- Average Monthly Rent: $1,443
- Home Price/Value Percentage Change: 2.30%
- Median Home Value: $308,055
- Best Time To Sell a Home: December
- Affordability Index: Moderate
- Days To Sell a House: 61
- Job Market: Fair
- Public School Ranking: 27
Location and weather
Located in north central Texas lies the beautiful, cattle ranch ridden city of Fort Worth. This is the 5th largest city in Texas and one of the fastest growing cities in the United States. While often grouped in with Dallas due to proximity, the two are quite different. Fort Worth offers residents a vibrant downtown, safe neighborhoods, and a vast amount of buildable land. This city is also known to be rich in cowboy culture, attracting residents who favor true Texas culture and a laid back atmosphere.
Fort Worth has a hot and humid subtropical climate, with almost 230 days of sun. During spring, there are chances of large storms, tornadoes and even hail, considering its location on the southern end of Tornado Alley.
Population, job market and cost of living
Fort Worth has a population of 972,228, with a growth rate of 1.86% annually.
The job market has decreased by -3.88% over the last year. In ten years, job growth is predicted to be 41.52%. This city is considered one of the top career destinations due to its location and large concentration of Fortune 500 companies. Manufacturing, distribution, oil and gas, defense, and technology are the economy's leading industries. Large employers here include GE, American Airlines, and BNSF Railway.
This city is an expensive place to live when considering its location, economic strength and large size. Its cost of living is also higher than the national average.
Fort Worth real estate market details
- Sendera Ranch
- Summerfields
- Benbrook
- Park Glen
- North Richlands Hills
The average monthly rent in Fort Worth is $1,443 for an average apartment size of 874 sq. feet.
There has been a 2.3% increase in Fort Worth's median home value over the last year. As of 2023, the median home value is $308,055.
On average, homes in Fort Worth sell after 61 days on the market.
Home sales during December will provide homeowners with the most profit for their home, while home sales in July will provide the fastest sale.
The affordability index in Fort Worth is 100. This number indicates moderate affordability in this city.
The top ranked public schools are Tanglewood Elementary School, Basswood Elementary School, Creekview Middle, Hillwood Middle, Texas Academy of Biomedical, and Young Women's Leadership Academy. This information is determined by data regarding academic performance and equity.