The story of this market
The typical home in ZIP 76116 sells for about $334,375, or $200 per square foot.
Prices are down 11.4% from a year ago, which gives buyers more room to negotiate. Homes take about 59 days to sell. HUD's fair market rent for a two-bedroom is $1,500 a month.
ZIP 76116 — Fort Worth
The 76116 housing market is experiencing a cooling trend with median prices down 11.4% year-over-year to $334,375. Market activity has slowed, with homes taking longer to sell compared to the previous year. Several metrics, including rent, tax rates, and specific demographic breakdowns, were not available at the ZIP level and are omitted.
This ZIP is suitable for a mix of families and single adults, given the large population of residents in their late 20s to early 40s and the availability of diverse housing types including condos and single-family homes.
Median prices moved down 11.4% year over year.
Homes spend a median of 59 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 76116
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00). City (Fort Worth, Texas) — City of Fort Worth Property Tax: The tax rate is $0.7020 per $100 of assessed valuation. The tax is calculated by multiplying the assessed value of the property (after applicable exemptions) by the tax rate divided by 100.
The mean commute time for residents is approximately 24.3 minutes.
The area features proximity to local parks and shopping districts within the Fort Worth metropolitan reach.
The rental market shows a median asking rent of $1,575 per month with a slight year-over-year adjustment.
The area is part of the broader Dallas-Fort Worth-Arlington metro economy, which features a diverse mix of industries.
Data sourced from United States Zip Codes/Census ACS
- PEPPA PIG Theme Park Dallas-Fort Worth4.117 mi
- NRH2O Family Water Park4.517.1 mi
- Malibu Jack's North Richland Hills4.316.4 mi
- Andretti Indoor Karting & Games Fort Worth4.314.1 mi
- Ninja Kidz Action Park519.2 mi
- Dickies Arena4.64.6 mi
- Fort Worth Zoo4.65.1 mi
- Billy Bob's Texas4.57.6 mi
- Joe T. Garcia's4.27.2 mi
- Fort Worth Convention Center4.47.1 mi
- Fort Worth Stockyards4.87.5 mi
- Fort Worth Zoo4.65.1 mi
- Fort Worth Stockyards Station4.77.5 mi
- Fort Worth Water Gardens4.67.1 mi
- Fort Worth Botanic Garden4.74.9 mi
- Fort Worth Stockyards4.87.5 mi
- Fort Worth Botanic Garden4.74.9 mi
- Fort Worth Museum of Science and History4.44.7 mi
- Kimbell Art Museum4.85.1 mi
- Japanese Garden4.84.7 mi
- Fort Worth Water Gardens4.67.1 mi
- Fort Worth Botanic Garden4.74.9 mi
- Dream Park Playground4.75.3 mi
- Japanese Garden4.84.7 mi
- Trinity Park4.75.4 mi
- Topgolf Fort Worth4.48.2 mi
- Pecan Valley Golf Course44 mi
- The Golf Club at Fossil Creek3.912.3 mi
- Rockwood Park Golf Course4.25.9 mi
- Ridglea Country Club - North4.61.5 mi
- La Gran Plaza de Fort Worth4.37.2 mi
- Hulen Mall4.33.7 mi
- Fort Worth Stockyards Station4.77.5 mi
- WinCo Foods4.48 mi
- Sundance Square4.67 mi
- Dallas Fort Worth International Airport4.126.4 mi
- Arlington Memorial Hospital Heliport4.419.2 mi
- Capital One Lounge at DFW426.3 mi
- The Club DFW3.926.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local commercial district serving the ZIP.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Governs Parkview Hills
Governs Keller Crossing
Governs Mira Vista
Governs Saratoga
90-day research cycle · governing documents remain with their official custodians — the association, its management portal or the county clerk's recording.