Rent Relief

Rent prices are on the decline in Fort Worth, according to this report

Finally, relief for Fort Worth renters.

Photo courtesy of Fort Worth CVB

Earlier this month, Abodo Apartments released its October rent report, sharing rental price trends from September to October. As the fourth quarter in business begins for real estate companies, Abodo examined the trends in the Fort Worth rental market to take a close look at how it stacks up against the rest of the country.

Here are the findings:

Rent prices in Fort Worth decreased from July to the end of September by 3.76 percent.
The median price of a one-bedroom apartment in Fort Worth in July was $910.
The median rent price of a one-bedroom apartment in Fort Worth as of the end of September was $877.
The median rent price of a two-bedroom apartment in Fort Worth as of the end of September was $1,037.
Fort Worth ranks as the 49th most expensive rental market in the country.

What does this tell us about the Fort Worth rental market? The population is booming in the city, so typically we should be seeing an increase in price as demand for rental units increases. But that was not the case in Fort Worth last quarter.

The reason for this is the massive investment in developing new apartments in the Fort Worth area. North Texas’ population is growing extremely fast, but as for now, they’re keeping pace with the demand for new apartments by bringing so many new units to market. City officials have said that with the completion of so many new developments, they, too, expect rental rates to slow and to continue to decline slightly, and apartment occupancy may dip, as well.

If Fort Worth can continue to bring new apartments to market, rents should continue to remain stable.

To gather this data, Abodo aggregates and analyzes data from the millions of verified listings on abodo.com. Each listing is paired with a five-digit ZIP code. Within each ZIP code, Abodo calculates the average price of one-bedroom apartments that are currently available for rent within a specified time period.

rent reports

NEW CRUSH

Lauded Texas winemaker uplifts Hill Country town with new vineyard and tasting room

Photo by David Capote

Uplift Vineyard devotes 55 acres to growing grapes.

One of Texas’ most acclaimed winemakers is stomping on new grounds. William Chris Wine Company is opening of a new vineyard and tasting room on a gorgeous 78-acre property in Burnet, about 170 miles (or just over two-and-a-half hours) southwest of Fort Worth.

William Chris founders Chris Brundrett and Andrew Sides purchased the property, formerly named Hoover Valley, in 2021 from a private owner. The rebranded Uplift Vineyard hired the vineyard team and rehabbed the existing structures to offer elevated wine-tasting experiences and host future private events.

Uplift will be William Chris’ first estate wine brand. For those not up on wine-speak, the offerings will use grapes exclusively grown in the vineyard instead of those harvested by outside growers. Winemaker Claire Richardson will head the program, featuring a surfeit of single-varietal wines and proprietary blends.

Fall releases will zero in on hefty sippers like a single variety Cabernet Sauvignon, Merlot, and Malbec, as well as a Bordeaux blend. Springtime will lighten up with Italian grapes such as Montepulciano, Aglianico, and Sangiovese.

Eventually, Uplift Vineyard will expand its wine offerings to a medium-body Rhône blend featuring Grenache, Syrah, and Mourvedre and explore white blends and rosés.

“Every bottle of Uplift wine will come from only the best grapes harvested from this spectacular site, situated in the Llano Uplift geological region,” says CEO Bundrett via a release. “We’re looking forward to bringing awareness to this unique location within the Texas Hill Country AVA because the fruit that’s being grown here is just outstanding.”

Guests can enjoy the vintages at the tasting room or via a limited-capacity wine club, the Uplift Viticultural Society. Uplift is in the final stages of filling the first 300 of 1,000 total spots for the ultra-exclusive Founders Club.

Looking forward, Uplift will host onsite cooking demonstrations and full-day experiences that take advantage of the bucolic setting. For now, the tasting room is open for reservations only, Thursdays through Sundays, 11 am-6 pm.

Last fall, William Chris Vineyards came in at No. 56 on the World’s Best Vineyards' list of top wine destinations for 2022. It was the only Texas vineyard on the list and one of only seven wineries from the U.S.

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