76116, Fort Worth, TX

Fort Worth, TX is a city located in Tarrant County and is the most populous city in the Dallas- Fort Worth metroplex. The 76116 zip code covers much of eastern Fort Worth and has a population of over 1 million people. Home prices in this zip code have increased significantly over the past few years, reaching record highs in 2017.

The average home price in the 76116 zip code was $269,900 as of September 2018. This represents an increase of more than 20% from the average home price of $223,500 recorded in March 2018. The majority of homes sold in this zip code are single-family homes, with approximately 85% being detached dwellings and 15% being attached dwellings.

The main drivers behind the increase in home prices within the 76116 zip code are strong demand from buyers and limited supply of properties available for sale. The high demand for homes within this area is due to its proximity to major job centers such as downtown Dallas and Fort Worth International Airport as well as its many amenities such as schools, parks, and recreational facilities. In addition, many residents commute into downtown Dallas or Fort Worth for work which adds to the demand for housing within these areas. The limited supply of properties available for sale is also attributable to strong growth rates seen throughout Tarrant County over recent years which has led to an increased number of people looking to purchase homes within this area.