Fort Worth, TX variant. This is a Fort Worth, TX-specific version of the Rent vs Buy 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 Rent vs Buy Calculator.
In Fort Worth, renting costs about $1,700/month while owning the $295,000 median home runs roughly $2,094/month all-in - the gap drives the rent-vs-buy decision.
Rent vs. buy in Fort Worth
Owning includes P&I (≈ $1,492), property tax (≈ $516), and insurance - about $2,094/month before maintenance, versus $1,700 to rent.
Buying wins when you stay long enough to amortize the $59,000 down payment and closing costs, and when appreciation plus equity outpace the rent you'd otherwise pay.
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: monthly comparison
Own ≈ $2,094/mo vs. rent $1,700/mo - a $394 premium to own. Factor in the $59,000 down payment and expected years in the home.
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
Is it better to rent or buy in Fort Worth?
Owning runs ≈ $2,094/month vs. $1,700 to rent. Buying favors longer stays that recover the $59,000 down payment and closing costs.
What's the median rent in Fort Worth?
About $1,700 per month.