H OUSING E XISTING C ONDITIONS AND N EEDS A SSESSMENT The following highlights key trends and variables for the housing market existing conditions analysis for the Eastside and relevant regional geographies. The exhibits and narrative are intended to inform conversations about the future of land use and transportation planning in the study area and throughout the City. Data sources for this section include the US Census Bureau ACS 5-year surveys and 2020 Census, the Department of Housing and Urban Development (HUD), ESRI Business Analyst, The Texas Demographic Center, Costar, Redfin, Zillow Research, The North Central Texas County of Governments (NCTCOG, and the City of Fort Worth). D EMOGRAPHICS AND S OCIOECONOMICS The Dallas Fort Worth Metroplex Metropolitan Statistical Area (“DFW MSA” or “MSA”) and the City have grown at Compound Annual Growth Rates (CAGR) of 1.88% and 2.15%, respectively since 2010. Growth in the study area has been slower, averaging just over 1% annually over the same period. Within the Eastside, population and household growth was strongest east of IH-820 relative to the rest of the study area, where population grew at a CAGR of 1.41% and accounted for approximately 60% of the Eastside’s growth, see Table 3 and Table 4. Collectively, the study area contains approximately 85,000 people and constitutes approximately 9% of the City’s population. Notably, the City grew faster than the MSA, while the study area experienced lower overall growth and even negative housing unit growth in West of IH-820, north of IH-30. Within the study area, east of IH-820 experienced the strongest overall growth and more nearly resembles patterns seen elsewhere in the region. While population growth in the study area was net positive, many neighborhoods experienced a net decline in population from 2010 to 2020. Neighborhoods along IH-820 (such as Woodhaven, Eastern Hills and Ryanwood) and close to Downtown (such as the Historic Southside and United Riverside) experienced the strongest population growth as a percentage of their population. Low and negative growth was seen in neighborhoods south of the East Lancaster Avenue (such as Caville/Stop 6) and along the eastern fringe of the study area (such as Hollow Hills). While there are numerous reasons for the relative growth or decline of population at the neighborhood level, the areas that increased in population experienced the largest increase in building permits that added new units or renovated existing units (including many multifamily developments). As households
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FORT WORTH EASTSIDE TRANSPORTATION PLAN
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