FORT WORTH, Texas — Fort Worth is one of the hottest markets for residential growth in DFW. According to a new report, about 26% of single-family residential properties there are owned by companies.
In April, there were 247,400 single-family residential properties in Fort Worth, according to data from the Tarrant Appraisal District compiled by the city of Fort Worth. Of those properties, 64,372 are owned by a company or investor, according to a report from the city. The rest, 74%, are considered owner-occupied.
A single-family home was considered commercial or investor-owned by the city if the property does not have a homestead exemption and the owner’s name indicates commercial ownership such as LLC, LTD, INC and Trust.
A property was considered owner-occupied if it has a homestead exemption and the property address matches the owner's address.
It’s unclear how many of the commercially owned properties are available to rent on either a long or short-term basis, according to the city. The city did not include about 6,000 properties designated as residential inventory in its analysis. Those properties are single-family properties that are unoccupied and are being held for sale.
The median home price in Tarrant County in April was $350,000, compared to the metroplex-wide median price of $405,000. Since 2020. Rent prices in Fort Worth have risen about 23%, according to data from the city.
In response to low inventory and high residential prices, the city is currently considering implementing a new plan to create more affordable housing, WFAA previously reported.
