Population booms lead to housing demand, and Ft. Worth needs supply. (Info-Graphic)
Investing in real estate consists of buying damaged or foreclosed homes in Fort Worth, rehabilitating them, then selling or renting the home to tenants. The importance of this is, investor properties in fort worth could be the answer the real estate shortage.
Why you should be paying attention to the worth of your home in Fort Worth’s Real Estate market.
Inventory is insufficient, and home prices are now at pre-recession numbers that have not been seen since 2007. Analysts are predicting that nationwide home prices will continue to rise by 5.3 percent in the coming year, but Ft. Worth, which has already increased far beyond the national gain of 5.9 percent, could be driven into nearly double-digits.
Propulation booms lead to housing demand, and Ft. Worth needs supply.
Fort Worth residents with a median income can keep up with the rising tide of home prices, those with mid-lower incomes are struggling with restriction. It is not just about mortgages, either. Rental rates have far outpaced wages, and those who are unable to keep up with such price surges are left feeling the sting,as seen here.
The Data on Fort Worth Real Estate
Market Health Index: 9.8/10 Very Healthy
Home Value Forecast (September 2017): 6.1% Increase ↑
Inventory Change (Year-over-year): 13.1% Decrease ↓
Fort Worth Population Data:
Population in 2016: 4,718,900
Projected Population in 2030: 35.51% Growth
Median Household Income: $61,510
Income Per Capita: $28,555
Cost of Living Compared to U.S. Average: 8.4% Above
Fort Worth Market Data:
Home Value (Year-over-year): 11.9% Increase
Home Sales (Year-over-year): 16.2% Increase
Home Value Forecast (September 2017): 6.1% Increase
Inventory Change (Year-over-year): 13.1% Decrease
Median Home Value: $196,200
Median Home Price: $189,000
Average Home Price Per Square Ft. (Metro): $122
Home Price Change (Year-over-year):15% Increase
Median Rent Price: $1,550
Rental Price Change (Year-over-year): 4% Increase
Average Rent Per Square Ft.: $0.91
Noteworthy Numbers
766 – The population density of the Fort Worth-Fort Worth Metro (amount people per square mile).
2.79 – The average number of individuals per household.
18% – The number of the population who have children, but are single.
38% – The number of the population who are married, and have kids.
Make Fort Worth Your Next Investment.
Fort Worth is proving to be one of the most successful metro areas for real estate investment, and right now is prime-time to jump into the profit pool. With New Western, you’ll have an exclusive pick of discounted Fort Worth investment properties that are pre-screened to provide a high ARV and aren’t made public on the MLS.
If you’re ready to profit off an investment in Fort Worth real estate, and help answer the demand for available housing, start your search of New Western’s off-market investment properties in Fort Worth.
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