Forney, Texas Rental Market Trends

Disclaimer:

Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Forney, Texas rental market.

Forney, Texas

Average Apartment Rent

$1,650

Y-o-Y Change in Average
Apartment Rent

0.9%

As of November 2024

Compared to a year ago, Forney, Texas apartments have recorded a 0.9% rent increase.

Forney, Texas Average apartment rent trend

Median Rent Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Forney $1,313 $1,352 $1,409 $1,496 $1,608 $1,495 $1,635 $1,641 $1,698 $1,650
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Forney
National
Nov 2021
$1,313
$1,596
Mar 2022
$1,352
$1,635
Jul 2022
$1,409
$1,708
Nov 2022
$1,496
$1,726
Mar 2023
$1,608
$1,714
Jul 2023
$1,495
$1,739
Nov 2023
$1,635
$1,733
Mar 2024
$1,641
$1,727
Jul 2024
$1,698
$1,752
Nov 2024
$1,650
$1,748

Forney, Texas Average Apartment Rent

Forney, Texas Apartment rent ranges

Under $500
$500 - $700
$700 - $1000
$1,000 - $1,500
$1,500 - $2,000
Over $2,000

At 44.01%, apartments priced $1,000 - $1,500 represent the bulk of Forney, Texas rentals, while condos priced Over $2,000 hold the lowest share of the market – 21.15%.

Forney, Texas Housing tenure**

Renter occupied housing units 2,298
Owner occupied housing units 6,222

Renters take up 27% of Forney, Texas real estate, occupying a total of 2,298 units, while homeowners live in 6,222 properties.

Median number of rooms of renter-occupied housing units**

3.4

Renter median household income**

$58,663

Average household size of renter-occupied housing units**

2.36

Rental vacancy rate**

6.8%

Forney, Texas Renter-occupied housing units by no. of bedrooms**

No bedrooms 179
1 bed 866
2 beds 548
3 beds 558
4 beds 138

There are 866 rentals in Forney, Texas with 1 bed making up the highest share of the market, at 38%. Units with 4 beds, on the other hand, hold the lowest percentage (6%), amounting to 138 units. Overall, the median number of rooms in Forney, Texas homes for rent is 3.4.

Forney, Texas Renter-occupied units by age of householder**

15 - 24 years 220
25 - 34 years 715
35 - 44 years 312
45 - 54 years 572
55 - 59 years 140
60 - 64 years 77
65 - 74 years 65
75 - 84 years 125
85 years and over 72

Most condos for rent in Forney, Texas are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 45 - 54 years age group (25%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 3%.

Forney, Texas Renter-occupied housing units by family type**

Family households 1,151
Non-Family Households 1,147

Forney, Texas Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 835
No related children of the householder under 18 1,463

A total of 1,151 apartments for rent in Forney, Texas, or 50% of all rentals are family households. Additionally, 36% of rental homes include children under the age of 18 – that’s 835 units. All in all, the median size of a renter-occupied household in Forney, Texas is 2.36.

Forney, Texas Renter-occupied housing units by educational attainment**

Less than high school graduate 236
High school graduate (including equivalency) 498
Some college or associate's degree 976
Bachelor's degree or higher 588

In terms of education, renters holding bachelor degrees or higher make up 26% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Forney, Texas.

Forney, Texas Renter-occupied units by year structure built**

Built 2020 or later 53
Built 2010 - 2019 1,475
Built 2000 - 2009 294
Built 1990 - 1999 60
Built 1980 - 1989 183
Built 1970 - 1979 140
Built 1960 - 1969 82

The highest share of Forney, Texas apartment rentals, namely 64% or 1,475 units, were Built 2010 - 2019, followed by those Built 2000 - 2009 (13%, 294 units), and the ones Built 1980 - 1989 (8%, 183 units).

Forney, Texas Renter-occupied units by year householder moved in**

Moved in 2021 or later 381
Moved in 2018 to 2020 1,266
Moved in 2010 to 2017 625
Moved in 2000 to 2009 26

Median year renter moved into unit 2019

Most Forney, Texas renters (55%) moved in 2018 to 2020, while only 1% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Forney, Texas condos for rent is 2019.

Forney, Texas Renter-occupied housing units by vehicles available**

No vehicle available 74
1 vehicle available 1,180
2 vehicles available 812
3 or more vehicles available 232

When it comes to transportation options, 51% of Forney, Texas renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 10% have 3 or more vehicles available.

Forney, Texas Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 2,263
Car, truck, or van - carpooled 313
Worked at home 313

Forney, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 3,077
Moved within same county 608
Moved from different county within same state 921
Moved from different state 480

Forney, Texas Average apartment rent by zip codes


The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Forney, Texas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

*Average single-family rent calculated from point2homes.com data.

**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates

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