Up-And-Coming Neighborhoods in Fort Worth, TX

[Nick Meservey]

Hello DFW! My wife and I are hoping to learn more about the Fort Worth, TX market and up-and-coming neighborhoods. We currently work on the road and will continue to do so for the next few years; however, Fort Worth is our endgame and we are interested in finding a "home base" which we would use as a short-term rental for the majority of the time and eventually settle into ourselves. Any observations on what areas are seeing investment, as well as thoughts on how the current Fort Worth market looks today (overvalued, etc.) go a very long way.

Thanks,

Nick

[Joe Funari]

@Nick Meservey Y’all will love Ft.Worth. I lived in north Ft. Worth for +12 years before moving to nearby Keller a few years ago. I have several rentals in Ft. Worth. Have also completed quite a few flips in city limits too. But like most everything in Texas Ft. Worth is huge! It has everything from war zones to multi-million dollar homes. But the good thing is over 50% of home sales in the city average price is between $150K and $250K. So plenty of good investment properties to choose from. Ft. Worth is still a sellers market. July’s months of inventory was at 2.8 months. A balanced market is 6 months. But numbers are starting to creep up. Thus, home prices are stabilizing. But research the Texas A&M Real Estate Center web site home sales data I quoted. Best part it’s free. But in Dallas & Colin counties in particular the cities of Plano, Frisco, and McKinney are still very hot and in my opinion overpriced. However, Ft Worth gets overlooked by many investors. feel free to reach out to me to discuss more on Ft. and specific areas I prefer To both live and invest in.