Fort Worth, TX variant. This is a Fort Worth, TX-specific version of the Mortgage 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 Mortgage Calculator.
Fort Worth's $295,000 median home and 2.1% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in Fort Worth
On the $295,000 median home with 20% down ($59,000), you'd finance $236,000. At 6.5% over 30 years, P&I ≈ $1,492/month.
Add Fort Worth's 2.1% property tax (≈ $516/month) plus insurance for the all-in payment.
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: $295,000 Fort Worth home
Loan $236,000 at 6.5% for 30 years → $1,492/mo P&I. Property tax ≈ $516/mo. Total before insurance ≈ $2,008/mo.
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
How much is a mortgage in Fort Worth?
About $1,492/month P&I on the $295,000 median home with 20% down at 6.5%.
What is the property tax rate in Fort Worth?
About 2.1% of home value per year.