An estimated 26% of Fort Worth’s single family homes are owned by companies, city says

Roughly one out of every four single family homes in Fort Worth are owned by an investor, company or corporation, according to a city analysis of data from the Tarrant Appraisal District. The city’s report is just an estimate, because data from the appraisal district doesn’t specify if a home is owned by a company or individual. However, the city was able to make an approximation using information about tax exemptions, owner names and addresses. The city classified owner-occupied homes as those with a homestead exemption, homes where the owner’s address matched the property address, and the owner’s name didn’t include terms like LLC, LTD, Inc., or trust. Commercially owned properties were defined as those without a homestead exemption, owner names containing the previously mentioned terms, and those where the owner’s address didn’t match the property address. Using those classifications, the city found that 64,372 of the 247,485 single family homes, or 26%, in Fort Worth were owned by a corporation or company.