Forney, TX—75126
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Forney, TX
As of Oct '25, the median home price in Forney, TX is $315,000, with a year-over-year change of -4.4%. This indicates that home prices in Forney, TX are decreasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $315,000 | -4.4% |
| Single Family | $315,000 | -4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $207,000 | -3.3% |
3 Bed | $277,000 | -5.1% |
4 Bed | $337,000 | -5.1% |
| 5 Bed | $414,000 | -5.9% |
% of Housing Stock
Rental Trends — Forney, TX
As of July '25, Rentcast reports the average rent in Forney, TX is $2,220, with a year-over-year rent change of -2.6%. Per bedroom, the median rent as of July '25 in Forney, TX is studios: $1,180, 1-bedrooms: $1,220, 2-bedrooms: $1,650, 3-bedrooms: $2,140, 4-bedrooms: $2,570. The most common rental property sizes in Forney, TX are 3-bedroom and 4-bedroom, accounting for 32.9% and 20.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,220 |
| Studio Rent | $1,170 | $1,180 |
| 1 Bed Rent | $1,210 | $1,220 |
| 2 Bed Rent | $1,610 | $1,650 |
| 3 Bed Rent | $2,100 | $2,140 |
| 4 Bed Rent | $2,500 | $2,570 |
% of Rental Stock
Property Listings — Forney, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Forney, TX is 78. This is a increase of 14.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $345,000 | -8.0% |
Listing Count | 933 | 5.0% |
| Listings as % of Homes | 2.9% | 5.0% |
Days on Market | 78 | 14.0% |
Demographics — Forney, TX
As of the latest ACS Survey released in 2023, Forney, TX has a population of 77,100, which has increased by 72.4% over the past 5 years. Forney, TX is a popular place for families, as children make up 31.6% of the population. The area has a moderately educated workforce, with 35.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 77,100 | 72.4% |
% Under 18 | 31.6% | -2.8% |
% Seniors | 6.9% | -6.8% |
% WFH | 13.2% | 266.7% |
% w/ College Degree | 35.8% | 12.6% |
As of the latest ACS Survey released in 2023, Forney, TX is a predominantly white area, with 45.3% of the population identifying as white. The white population has shrunk by 28.5% in the last 5 years. The second most common race or ethnicity in Forney, TX is black, making up 24.9% of the population. Foreign-born residents account for 11.7% of the population in Forney, TX, and this percentage has increased by 62.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 45.3% | -28.5% |
% Black | 24.9% | 85.8% |
% Hispanic | 23.0% | 18.6% |
% Asian | 3.2% | 52.4% |
% Foreign Born | 11.7% | 62.5% |
Mortgage and Risk — Forney, TX
According to HUD data as of 2023, there were 3146 mortgage originations in Forney, TX, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 61.0% above 90% LTV (very high). This implies large mortgage risk in Forney, TX. Investor activity is low, as 4.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 3,146 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Forney, TX
As of 2024, the percent of homes in Forney, TX under the Section 8 program is 37.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Forney, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 2,012 |
Total Units Section 8 | 2,012 |
% Rentals under Section 8 | 37.5% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $860 | $1,210 | $2,070 |
| 2 Bedroom | $820 | $1,610 | $2,430 |
| 3 Bedroom | $950 | $2,100 | $3,050 |
| 4 Bedroom | $1,410 | $2,500 | $3,910 |
Affordability — Forney, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $315,000 |
| Median Household Income | $104,000 |