Richland Hills, Fort Worth, TX—76118
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Richland Hills, Fort Worth, TX
As of Oct '25, the median home price in Richland Hills, Fort Worth, TX is $316,000, with a year-over-year change of -3.0%. This indicates that home prices in Richland Hills, Fort Worth, TX are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $316,000 | -3.0% |
| Single Family | $317,000 | -2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $212,000 | 0.0% |
3 Bed | $305,000 | -3.2% |
4 Bed | $376,000 | -3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Richland Hills, Fort Worth, TX
As of July '25, Rentcast reports the average rent in Richland Hills, Fort Worth, TX is $1,780, with a year-over-year rent change of -8.2%. Per bedroom, the median rent as of July '25 in Richland Hills, Fort Worth, TX is studios: $919, 1-bedrooms: $1,140, 2-bedrooms: $1,590, 3-bedrooms: $2,270, 4-bedrooms: $2,690. The most common rental property sizes in Richland Hills, Fort Worth, TX are 3-bedroom and 2-bedroom, accounting for 36.7% and 34.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,840 | $1,780 |
| Studio Rent | $749 | $919 |
| 1 Bed Rent | $1,050 | $1,140 |
| 2 Bed Rent | $1,490 | $1,590 |
| 3 Bed Rent | $2,250 | $2,270 |
| 4 Bed Rent | $2,350 | $2,690 |
% of Rental Stock
Property Listings — Richland Hills, Fort Worth, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Richland Hills, Fort Worth, TX is 72. This is a increase of 61.0% 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 | $348,000 | 1.0% |
Listing Count | 59 | 16.0% |
| Listings as % of Homes | 0.6% | 16.0% |
Days on Market | 72 | 61.0% |
Demographics — Richland Hills, Fort Worth, TX
As of the latest ACS Survey released in 2023, Richland Hills, Fort Worth, TX has a population of 17,500, which has increased by 7.3% over the past 5 years. Richland Hills, Fort Worth, TX is a moderately popular place for families, as children make up 21.0% of the population. The area has a moderately educated workforce, with 27.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,500 | 7.3% |
% Under 18 | 21.0% | -22.5% |
% Seniors | 12.4% | 8.8% |
% WFH | 14.9% | 313.9% |
% w/ College Degree | 27.4% | -6.8% |
As of the latest ACS Survey released in 2023, Richland Hills, Fort Worth, TX is a predominantly white area, with 57.8% of the population identifying as white. The white population has grown by 8.0% in the last 5 years. The second most common race or ethnicity in Richland Hills, Fort Worth, TX is hispanic, making up 17.6% of the population. Foreign-born residents account for 13.5% of the population in Richland Hills, Fort Worth, TX, and this percentage has decreased by 12.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 57.8% | 8.0% |
% Black | 10.4% | 28.4% |
% Hispanic | 17.6% | -29.9% |
% Asian | 8.1% | 2.5% |
% Foreign Born | 13.5% | -12.9% |
Mortgage and Risk — Richland Hills, Fort Worth, TX
According to HUD data as of 2023, there were 128 mortgage originations in Richland Hills, Fort Worth, TX, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Richland Hills, Fort Worth, TX. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 128 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Richland Hills, Fort Worth, TX
As of 2024, the percent of homes in Richland Hills, Fort Worth, TX under the Section 8 program is 1.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Richland Hills, Fort Worth, TX, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $410 | $1,050 | $1,460 |
| 2 Bedroom | $210 | $1,490 | $1,700 |
| 3 Bedroom | $0 | $2,250 | $2,250 |
| 4 Bedroom | $390 | $2,350 | $2,740 |
Affordability — Richland Hills, Fort Worth, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $316,000 |
| Median Household Income | $90,500 |