Forney has experienced unprecedented growth in the last decade. 75126 ranks as one of the top ten hottest zip codes for real estate development in the country. Forney Realtor Jono Finkenbiner was kind enough to answer a few questions about the real estate boom in 75126.
Forney has experienced unprecedented growth in the last decade. 75126 ranks as one of the top ten hottest zip codes for real estate development in the country. Forney Realtor Jono Finkenbiner was kind enough to answer a few questions about the real estate boom in 75126.
Tell us about the growth Forney is experiencing.
Forney has been experiencing a growth boom over the last 15 years or so. But in the last few years it has really ramped up.
What are some of the key factors driving this development?
For a long time it was a best kept secret, offering very affordable homes and new construction with a very convenient distance to commute to Dallas and other areas. Forney offers some of the best bang for your buck, as far as homes go. On the new home side, it has a lot to choose from and there are a large number of incentives from builders to get buyers here. The school district has always been a driving factor for buyers as well. And now seeing some of the commercial growth and different retail areas that are very close by, make it a slam dunk for both buyers and developers alike.
How has this rapid growth impacted the local housing market, including home prices, availability, and affordability?
Forney has consistently been one of the more affordable areas in the metroplex. With the changes in the general market over the past few years, we have seen prices and interest rate rise, which has made affordability a chief concern for most buyers. Forney continues to be at the front of the line with many new construction options including builder incentives and great values on the pre owned side as well
Beyond housing, what other types of development are you seeing in Forney, such as commercial, retail, or infrastructure projects?
Forney has all three of these projects on the docket. As far as infrastructure, Highway 80 is currently undergoing a project that is adding service roads to both sides of the road to help with traffic over the Trinity River. In the near future there is a major road widening project for FM 548 north of 80.
The community has been adding a large amount of new retail options. A few of the big headline names that people are very excited about are Target, Costco, H.E.B and Home Depot, to name a few! On the commercial side there are plans for more commercial offerings coming soon with the Gateway area being one of the places to keep an eye on.
The school district has been a trend setter with building so many new facilities and even taking on the task of bringing the revolutionary OC or Opportunity Center to Forney! The OC is offering the community and students alike a very unique opportunity to learn in ways that most school districts don’t even provide!
What advice would you give to someone considering moving to Forney, particularly in terms of navigating the current real estate market?
The current real estate market offers a lot of options for buyers in Forney. I would do research on the different areas of town to see which area makes the most sense as far as commuting to work etc. Getting around in Forney isn’t as easy as it once was. It can take people 20 minutes to get across town. So if you know you are going to be spending a lot of time in the south part of Forney, buying a home in the north part could make life a lot more difficult than you think. With that in mind, make sure you check out both the new options from builders and the preowned ones. There are a lot of great homes available!
Looking ahead, what do you anticipate for the future of real estate and development in Forney over the next 5-10 years?
The projections for Forney over the next five to ten years are more of the same. I anticipate a large number of new construction options to continue to be available to buyers. I hope that the infrastructure and retail offerings continue to keep up with the growth!
Forney ISD has always been at the forefront of reasons to move to Forney so I hope that they continue to innovate and find ways to keep Forney schools at the top of the list of reasons to move to Forney