Fort Worth, TX variant. This is a Fort Worth, TX-specific version of the Home Affordability Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Home Affordability Calculator.
Affording a home in Fort Worth pits the $70,275 median income against a $295,000 median price - a price-to-income ratio of 4.2x.
Can you afford Fort Worth?
The 28% rule caps housing at $1,640/month on the local median income, supporting roughly $324,283 in price - versus the $295,000 Fort Worth median.
Fort Worth is relatively attainable on the local median income.
About Fort Worth, TX
Fort Worth residents pay no state or city income tax, as Texas does not levy a personal income tax.
Fort Worth has comparatively affordable home prices for a large Texas city, though costs have risen with regional growth.
Fort Worth's economy spans aerospace and defense manufacturing, logistics, and a long-standing role in the cattle and energy industries.
Worked example: max price on $70,275
28% of $70,275 ÷ 12 ≈ $1,640/month supports about $324,283 at 6.5% with 20% down - compared with the $295,000 median.
Quick reference
- Median home value: $295,000
- Median rent: $1,700/mo
- Median household income: $70,275
- Local sales tax: 8.25%
- Effective property tax rate: 2.1%
- Cost of living index: 96 (US avg = 100)
Frequently Asked Questions
What income do I need to buy in Fort Worth?
To afford the $295,000 median home, you'd typically need well above the $70,275 local median income at current rates.
What is the price-to-income ratio in Fort Worth?
About 4.2x (median home ÷ median income).