With so many recent headlines touting the North Texas real estate market, job growth in the region, and other economic upward trends, Fort Worth is a city that has quietly flown under the radar in recent months. Located just 32 miles directly west of downtown Dallas, Fort Worth is a place that offers potential home buyers plenty of big city amenities without the overwhelming urban sprawl that sometimes defines larger cities just like its neighbor to the east.
But while new development and job growth in Ft. Worth may not be quite as prevalent as other cities around the DFW metro area, there’s still plenty of reasons why home buyers should take a closer look at what the Fort Worth real estate market has to offer. Outside of its close proximity to the big city and all the countless amenities and attractions it also provides, homes and condos for sale in Forth Worth can also be quite affordable as well.
According to a market snapshot from HomeInsight, the median home price in Fort Worth is currently $115,200, which equals a home price gain of 6.56% within the last 2 to 5 years (not a bad investment, right?). Compared to Dallas, which has a median home price of $207,353, homes in Fort Worth can be a great place to begin a home search for entry-level buyers, not to mention anyone looking to downsize or even upgrade at a much more affordable cost. Additionally, if you compare the Fort Worth’s median home price with Arlington ($127,420), Frisco ($228,827), Plano ($226,691), Carrollton ($165,169), and McKinney ($177,413), you’ll find that Arlington is really the only comparable city in terms of current home prices, which is still over $10,000 more expensive.
With home prices still on the rise and records continuously being broken on a monhtly basis regarding the DFW housing market, why aren't more active home buyers looking in Fort Worth? If you're a first-time home buyer in DFW and might be working with a bit tighter of a budget, it's at the very least worth some consideration during your search, especially if you're looking to get more bang for you buck.