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FutureStarrFort Worth Real Estate Market Trends Through 2020
Fort Worth, Texas, has a moderate real estate market, with median listing prices remaining flat on a weekly basis. Homes are selling for an average of 91% of their asking price, with homes spending 65 days on the market. This is flat compared to last month and last year, and a slowdown in home sales is a good thing. This slowdown will provide more opportunities for buyers to find their dream home, and it will also help prevent bidding wars, which can push up home prices.
The real estate market in Fort Worth is expected to see a steady rise in property values through 2020. The city has consistently been among the top ten cities in the nation for real estate appreciation, and Zillow expects this positive trend to continue. In 2020, Fort Worth is projected to show a 2.9% appreciation rate in real estate values. This will provide positive returns for those with rental properties. The high-quality rental market in Fort Worth will help boost home prices.
In Fort Worth, you can find the best houses for sale for under $200,000. The average home in the city has a median price of $291,257. This is well below the Texas real estate market median of $316,517, and even lower than the national median price of $299,400. This means that the best neighborhoods are accessible to everyone, and are also reasonably priced. According to Mashvisor, five of the top seven neighborhoods are below $250,000, which means they are great places to invest in real estate.
The Fort Worth real estate market will see continued high property appreciation. Last decade, Fort Worth ranked in the top 10 for real estate appreciation. This positive trend is projected to continue in 2020, according to Zillow. The median price of a house in Fort Worth's rental market is $355,000. Another hot spot for investors and homeowners is Mistletoe Heights, which is a historic neighborhood and a popular neighborhood.
Renting out your Fort Worth rental property will be a great way to maximize the investment value of your rental property. The city's affordable housing market has helped it remain competitive, and it is a great option for people looking for rental properties. It has a very low cost of living compared to the Dallas, Houston, and Austin real estate markets. Many people choose to rent out their investment property to increase their income.
In November 2018, Fort Worth was the number one metro area for housing appreciation. This positive trend is expected to continue in the next decade. Besides, the median home price in the area was $240,000, which was 39% higher than the same period a year ago. In addition to its low cost of living, the city's rental market is expected to experience a steady increase in value. The average rent for a home in Fort Worth is only $200,000, so it's best to get a rental property that meets your criteria.