Fort Worth: Affordable Living with Big City Amenities – Explore Rental Market Insights and Find Your Ideal Neighborhood!
As of November 2024, Fort Worth, Texas, presents a promising landscape for renters seeking affordability without compromising on urban amenities. With an average monthly rent of $1,265, the city stands 19% lower than the national average, making it more accessible than many other U.S. metropolitan areas. This affordability is further highlighted by the fact that 50% of rental prices fall between $1,001 and $1,500 per month, catering to a wide range of budgets.
The rental market in Fort Worth is diverse, offering options from the most affordable neighborhoods like Woodhaven and East Fort Worth to more upscale areas such as Clearfork and North Fort Worth. Despite a slight 0.1% decrease in average rent over the past year, the market remains stable, with the average apartment size around 720 square feet.
For those planning to make Fort Worth their home, a yearly salary of approximately $50,592 is recommended to live comfortably, adhering to the guideline of allocating no more than 30% of monthly income to rent. It's important to note that rental data may vary across different sources due to varying methodologies and property types included. For instance, while some sources cite the average rent as $1,265, others like Zillow report higher median rents for different property categories.
The average apartment size in Fort Worth is 720 square feet.
Over the past year, the average rent in Fort Worth has decreased by 0.1%, or $0 per month.
50% of rental prices in Fort Worth fall between $1,001 and $1,500 per month.
Rent by Neighborhood (data from November 2024):
Most Affordable:
Woodhaven: $956/month, 628 sqft
East Fort Worth: $1,124/month, 665 sqft
Western Hills/Ridglea: $1,251/month, 713 sqft
Mid-Range:
Wedgwood: $1,272/month, 684 sqft
Southwest Fort Worth: $1,344/month, 714 sqft
Most Expensive:
Marine Creek: $1,470/month, 769 sqft
South Fort Worth: $1,501/month, 728 sqft
Clearfork: $1,558/month, 757 sqft
Southside Medical District: $1,561/month, 737 sqft
North Fort Worth: $1,564/month, 769 sqft
Salary Needed to Live Comfortably
To afford the average rent of $1,265 per month in Fort Worth, a salary of approximately $4,216 per month or $50,592 per year is recommended. This follows the general guideline of allocating no more than 30% of monthly income to rent.
Other Data Sources
Zillow Rental Manager provides different median rent data for Fort Worth, as of November 8, 2024:
All Apartments and Condos: $1,497, with a year-over-year decrease of $6.
Houses: $2,195, with no year-over-year change.
The median rent for all rentals in Fort Worth is reported as $2,070, with a year-over-year increase of $20 and a month-over-month increase of $20.
Zillow data for nearby areas, as of November 8, 2024:
Haltom City: $1,335 for apartments and condos, $1,995 for houses
Blue Mound: $1,012 for apartments and condos, $1,830 for houses
Saginaw: $1,204 for apartments and condos, $2,149 for houses
Haslet: $2,350 for all rentals
In summary, Fort Worth’s rental market offers a compelling mix of affordability and variety, making it an appealing choice for renters looking for a balance between cost and quality of life. Whether you're exploring budget-friendly neighborhoods or seeking options in Fort Worth’s more upscale areas, understanding the latest trends and salary recommendations can help you make the best decision for your lifestyle and financial goals.
If you're considering renting in Fort Worth or need guidance on finding the right neighborhood, reach out for expert assistance to navigate this dynamic market confidently.
Gustavo Ramos | DFW Realtor
RJ Williams & Company RE
(817) 876-3390
gustavoramos@rjwilliamscore.com
gustavoramos.rjwilliamsco.com
