The Greater Fort Worth Association of Realtors and the Fort Worth Apartment Association joined together to provide a look at the first half of the year’s housing data in terms of sales and rentals.
Here’s a look at what they found.
Fort Worth and Tarrant County home sales
In the first six months of this year, average home prices in Fort Worth and Tarrant County continued to rise. In Fort Worth, the average home price in the first half of the year was $378,918, up 0.7% from the first half of 2024. In Tarrant County, the average home price in the first half of the year was $442,978, up 0.4% over the same period in 2024.
Buyers were getting a bit more for their money, however, as the price per square foot for Fort Worth is $183, a slight 1.3% year-over-year decrease, while Tarrant County is $195, a 0.4% decrease.
Paul Epperley, 2025 Greater Fort Worth Association of Realtors president, said the data over the first six months indicates a market that is stabilizing.
“The frenzied home buying and selling we experienced during the pandemic has ended,” he said. “As we move through 2025, home buyers and sellers should be prepared for a more balanced bargaining table.”
Home buyers can expect more inventory to stay on the market longer, he said, depending on the neighborhood. Buyers shouldn’t feel like they have to make an offer on the first home they see like they did a year or so ago, he said.
Fort Worth-area apartment rentals
Fort Worth saw roughly 2,000 apartment units completed and available for occupancy in early 2025, bringing the total expected number for the year to around 5,000, the lowest since 2019. About 1,500 units leased between September and February, the highest number in three years and driven mostly by Class A rentals.
Through the first six months of the year, apartment rent has fluctuated slightly, increasing 1.9% since January. In the same time frame, rent per square foot has increased 3.2%. The occupancy rate remains strong in the area, with Fort Worth and Tarrant County currently seeing rates in June of 88.6% and 88.9% respectively.
“Fort Worth remains a robust market for renters,” Kevin Pellegrino, Fort Worth Apartment Association CEO, said. “With numerous properties in the pipeline and under development, the multifamily industry remains a strong sector for growth and sustainable economic impact for the foreseeable future.”
Retailer selects Fort Worth firm
Retailer Kohl’s has chosen Fort Worth-based Koddi for the on-site ads for its retail media network, according to a report in Adweek.
Koddi is a global advertising technology company that helps other companies personalize ad creation, targeting, management and execution across platforms.
On a webpage sent to Kohl’s brand advertisers and agencies, the company said the partnership with Koddi will “bring our vendors new and better targeting capabilities to find your customers at the right time, increased customer engagement driven by improved relevancy, and a more flexible and transparent platform built to scale with your business.”
Koddi was founded in Fort Worth in 2013 and surpassed $40 billion in transaction revenue in 2023. The company has more than 200 employees worldwide.
Getting gussied up
Maybe boots, spurs, jeans and pearl snap shirts just aren’t as expensive as the finely tailored suits and power ties of Dallas? How else to explain how Dallas ranks No. 21 in spending on clothing, while Fort Worth is way, way down the list at No. 46.
According to a new survey from WalletHub there’s a plus-size difference in spending on clothing between Where the West Begins and Where the East Peters Out. In Big D, residents spend 2.09% of their median monthly household income on garments, while in Fort Worth we’re forking over a measly 1.61% of our median monthly household income to gird our loins.
It isn’t that things are just cheaper after you cross the county line, given that Arlington comes in at No. 11. Residents there open their wallets to fork over 2.45% of their median monthly household income to keep themselves covered in style. Maybe those Dallas Cowboys jerseys are more expensive than they used to be.
The No. 1 city in Texas to spend their monthly income on clothes? You could win a bar bet if you knew it was windblown Lubbock, where people spend 2.56% of their monthly household income to keep the West Texas red dust from battering their skin like birdshot.
To determine where consumers spend the most and least relative to their earnings, WalletHub analyzed the average prices of a men’s dress shirt, a pair of boys’ jeans and a pair of women’s slacks in 100 of the largest U.S. cities, then compared them to the median household incomes in those cities.
Do you have something for the Bob on Business column? Email Bob Francis, business editor for the Fort Worth Report, at bob.francis@fortworthreport.org.
At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Read more about our editorial independence policy here.
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Great Job Bob Francis & the Team @ Fort Worth Report Source link for sharing this story.
