growth represents a CAGR of approximately 0.82%, slower than the forecasted population growth rates for the City (0.91%) and County (1.3%). Two sources of household forecast data (Texas Demographic Center and NCTCOG) offer significantly different growth forecasts for the County, City, and study area. However, these forecasts indicate a range of potential outcomes from 80,000 to 160,000 new households for the City and from 8,000 to 14,000 for the Eastside (based on forecast methodologies tied to current zoning and densities). H OUSING M ARKET The following considers the residential growth rate, the range of housing typologies built and proposed in both the study area and City, and the spatial distribution of relevant housing characteristics. Table 4 shows the housing unit growth from 2010 to 2022 for the study area, City, and MSA. Housing stock for the study area grew by 1,559 housing units, approximately 83% of which were built east of IH-820. Neighborhoods that experienced the most housing unit growth over this period include Cobblestone and John T. White east of IH-820, and the Historic Southside west of IH-820 and south of IH-30. Housing stock west of IH-820 and south of IH-30, and east of IH-820 are both approximately 42% multifamily, while west of IH-820 and north of IH-30 is about 29% multifamily, which more closely mirrors the housing stock of the City. Housing unit growth has been slower in the study area (CAGR of 0.38%) than in both the City (1.85%) and MSA (1.75%).
Table 4: Housing Unit Growth 2010-2022
POPULATION, HOUSEHOLD, AND HOUSING UNIT GROWTH 2010-2022 West of IH-820, South of IH-30 West of IH-820, North of IH-30 East of IH- 820 Total Study Area Fort Worth
MSA
Housing Units
11,210
7,799
15,994
35,003
365,753
3,078,413
% Study Area
32%
22%
46%
100%
N/A
N/A
% Single Family
58%
71%
58%
61%
71%
69%
% Multifamily
42%
29%
42%
39%
29%
31%
Growth 2010-22
391
-123
1,291
1,559
72,061
578,796
% Study Area Growth
25%
-8%
83%
100%
N/A
N/A
CAGR 2010-2022
0.30%
-0.13%
0.70%
0.38%
1.85%
1.75%
As of May 2023, the City had approximately 108,000 multifamily rental dwelling units in its inventory. This represents approximately one-third of the City’s total housing stock. From 2017 to 2021, there were large net deliveries of over 3,000 units per year, indicating an acceleration in housing development consistent
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FORT WORTH EASTSIDE TRANSPORTATION PLAN
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