Key Takeaways Current gross residential density in the study area is approximately 1.86 DU/AC. This density varies within the study area, ranging from 0 to 11.4 DU/AC. Residential density along key transit corridors as identified by the City is approximately 2.2 DU/AC, well shy of the proposed goal of 40 DU/AC. The densest MFR unit developments in the study area have achieved approximately 24 DU/AC, while those adjacent to Downtown are 42 DU/AC on average. This indicates there are precedents for higher density residential development near the study area. Price points for new additions to the for-sale residential inventory range from an average of $340,000 for large lot single family residences to $150,000 for townhomes. Price points for new additions to the for-rent residential inventory range from $1,200 per month for a garden apartment to $1,600 per month for stacked flats with amenities. Current household growth forecasts from the NCTCOG and the Texas Demography Office range between 8,000 and 14,000 new households in the study area by 2045. These forecasts predate any policy changes that could impact growth and density. The current household income distribution in the study area shows that 66% of households earn less than $75,000 per year. At current home sales prices and rental rates, less than 34% of households could afford to buy the median home in the Eastside. To meet current and future housing needs, higher density for-sale (townhomes) and for-rent products (apartments of varying sizes and densities) will need to be developed.
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FORT WORTH EASTSIDE TRANSPORTATION PLAN
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