Long stuck in the shadows as Dallas' little sister, Fort Worth has emerged as a major city in its own right. Part of the sprawling 12-county region known along with Dallas as the Metroplex, Fort Worth is a very big city with a surprising small-town feel. Although Fort Worth has a smaller population than Dallas, by itself it is still the 16th largest city in the U.S. It also spans a whopping 350 miles and is considered by some to be the gateway to the western part of the country.
Fort Worth, TX is a great place for affordable rent-to-own homes! With a median household income of over $64,567 and a median rent of $1,115, the Fort Worth, TX rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Fort Worth, TX. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
Fort Worth, TX is seeing rapid growth and Fort Worth, TX's' housing market remains optimal with an average home price that is -12% below the 2023 national average. Fort Worth, TX is part of Tarrant county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2023 for county Tarrant is 2.37% which is above the national average, which is 0.99%.
The cost of living in Fort Worth, TX is 0.2% lower than the national average.
The median cost of a home in Fort Worth, Texas is $318,000, higher than the national average of $295,300.
If you're interested in Fort Worth rent-to-own homes, don't forget to consider important factors in addition to monthly living costs, such as average commute, taxes, crime rates, etc. The following are some common Fort Worth statistics compared to the U.S. national average.
|Fort Worth Averages||National Averages|
|One-Way Commute||28.5 minutes||27.1 minutes|
|Income Tax Rate||No income tax||4.6%|
|Air Quality||AQI 38||AQI 40|
|Water Quality||Elevated arsenic||Safe|
|Median Household Income||$62,187||$79,900|
|Median Property Taxes||$3,359||$2,471|
|Median Home Cost||$318,000||$295,300|
|Median Home Age||32 years||37 years|
Fort Worth has a very strong economy that barely registered a blip during the 2008 recession. The housing market has also continued to grow since that time. Because there has been such an influx of new people to the area, Fort Worth also has a ton of available housing. New home construction has remained fairly steady to ensure that there are enough available apartments, homes for rent and houses for sale in neighborhoods all over the city.
There's always something fun to do in Fort Worth. The historic stockyards in north Fort Worth are something you must see at least once: with rodeos and the stockyard station, you can get a glimpse of the city's cowboy past. If shopping in a walkable urban setting is more your style, check out Sundance Square in the midst of downtown, which also offers nightlife and restaurants. Sundance Square is also home to the 2,056-seat Bass Performance Hall that occupies an entire city block and hosts world-class symphony, opera, ballet and other stage performances. Other aspects of Fort Worth that you may enjoy include the Kimbell Art Museum, the beautiful (and free) Botanic Gardens, and the renowned Fort Worth Zoo.
School systems within Fort Worth are also diverse. Some of the best reputed schools in Fort Worth include Arlington Heights, north Fort Worth, and suburban districts such as Keller, Grapevine-Colleyville, Carroll, Burleson and the Northwest Independent School Districts.
Fort Worth is home to people from a variety of cultures, and they bring that culture to the food and art scenes in the area. Due in large part to the amount of disposable income in Fort Worth, people get to enjoy dining out often and there are plenty of good restaurants to accommodate them. The stereotype is that Texans love a good steak, and there are few places to get a better steak than in Fort Worth. If you have a special occasion or just the money to spare, don't miss Del Frisco's Double Eagle Steak House, which is a Fort Worth legend located in the heart of downtown. Reata is another famous restaurant located downtown, with 20,000 square feet spread out over four stories, and you can dine on the rooftop if you want to have gorgeous views overlooking the whole city. And of course, when you're in Fort Worth, there is no shortage of delicious barbecue and Tex-Mex restaurants. There are so many good restaurants in Fort Worth that you could try a new restaurant every night and it would take you years to work your way through the list - but chances are good that you'd be dreaming about some of the ones you already visited and will want to go back!
Fort Worth has many unique neighborhoods, including the above mentioned downtown Sundance Square neighborhood. South Fort Worth includes both the Hulen area, as well as the University area by Texas Christian University which has older architecture and appeals to artsy types. Rivercrest is one of the most prestigious neighborhoods in Fort Worth and has historic mansions and is home to one of the oldest private country clubs in Texas. West Fort Worth neighborhoods include Ridglea, Ridgmar, and Arlington Heights, the latter of which is celebrated for its closeness to downtown. Eastern Fort Worth includes Meadowbrook, Eastchase and Handley/Ederville. North Fort Worth is one of the fastest growing parts of the city and includes the Fossil Creek, Park Glen and Summerfields neighborhoods.
No. Dallas and Fort Worth are actually different cities though they are often mentioned together as they make up the same metroplex and are situated very close together.
Fort Worth is somewhat liberal with 49.3% of the population voting liberal in the last presidential election. However, Fort Worth is in the state of TX which still is largely conservative.
The average cost of a home in Fort Worth is $318,000. Considering the current housing market trends and how expensive many homes are, homes in Fort Worth are still reasonably priced and within most budgets for the most part.