76131, 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 76131 zip code encompasses much of Fort Worth's western edge 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 main drivers of home price appreciation in this area are strong job growth and low interest rates. In 2016, Fort Worth added over 5,000 jobs and the unemployment rate was 4.1%. These factors have led to increasing demand for housing and consequently, higher home prices. Additionally, Fort Worth has seen sustained population growth since 2000 which has helped to increase demand for homes as well.

As of September 2018, the median home price in this zip code was $269,900 which is up from $224,500 just five years ago. This rapid appreciation has caused some concern among local residents who worry that prices will not continue to rise indefinitely. However, there are several factors that suggest that prices will continue to rise for at least another few years:

1) There is still strong demand for housing due to growing employment and population trends;

2) Interest rates remain low which makes it more affordable to borrow money for home purchases;

3) The supply of homes available for sale remains relatively limited compared to historical levels;

4) Home values tend to appreciate faster than inflation so buyers benefit even if they don't immediately sell their homes;

5) Many homeowners are able to refinance their mortgages at current rates which allows them to pay off their debt more quickly and save on interest payments; and finally

6) There is little evidence that indicates a nationwide housing market slowdown is imminent or likely in the near future.