Located in the state of Texas, Fort Worth is a highly populated city with a population of 815,930 inhabitants. More than a quarter of the residents of Fort Worth identify themselves as Hispanic or Latino, and 27% of the population speak Spanish as their primary or secondary language. Fort Worth tends to attract a younger crowd, as the median age of 32 is far below the national average.
Are you trying to ascertain if living in Fort Worth is the right fit for your lifestyle? To ensure a fulfilling experience before moving to any new city in Texas, you will probably want to make sure that you check all of the most important boxes. Finding the best places to live in Fort Worth and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes crime, cost of living, employment and other important metrics.
The livability score in Fort Worth is 82 out of 100 and the city is ranked in the 96th percentile of all cities across America. Clearly, Fort Worth is doing something right, as this score ranks well above the average of most cities. Fort Worth has also earned the rare honor of ranking in the top 10 percentile among all cities. If we dig a little deeper into each category within the livability score, we see that Fort Worth has higher than average scores for the following: amenities (A+), weather (B), education (B+) and housing (A). The bad news for Fort Worth, there are some categories for which it does not score well, this includes: crime (F).
Based on the proximity of local amenities like grocery stores, restaurants, coffee shops, parks, librairies, etc., Fort Worth has received a higher than average score for its local amenities. If you’re planning on relocating and making this area your permanent home, it’s nice to know that there is an ample amount of amenities and things to do within walking distance or a short drive. Here are some of the more popular things to do in Fort Worth: Fort Worth Stockyards National Historic District, Fort Worth Stockyards National Historic District, and Fort Worth Zoo.
The Fort Worth unemployment rate (0.41%) has continued to decrease over the years and is now well below the national average. Finding a new job in the area might just be easier than you thought!
Knowing that the Fort Worth schools rank highly for test scores plays an important factor in deciding if this area is the right place to live. The average school test scores are 68%, which is far higher than the national average.
Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Fort Worth has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Fort Worth real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Fort Worth. Median real estate prices in Fort Worth come in at $131,100, which is 8.1% lower than the Texas average. The home price to income ratio compares the median home prices to the median household income. In Fort Worth, the home price to income ratio is 2.4, which is 7.7% lower than the Texas average. Year over year appreciation rates for homes in the Fort Worth area were 10.4% and the 5 year appreciation rates came in at 9.6%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.