76116 Home Values

The 76116 zip anchors Fort Worth's west side, covering the Ridglea and Ridgmar neighborhoods that grew up around the country club in the 1940s through 1960s. Homes here are substantially larger than surrounding zips -- brick ranch houses with hardwood floors, wood-burning fireplaces, and mature canopy. Gated townhome communities and a handful of newer duplexes round out the edges.

Price per square foot in 76116 reached $206 in the most recent quarter, running about 11% above the Tarrant County median — a notable premium that emerged even as the trailing annual rate sat closer to $199, based on MLS data for May 2026 closings in 76116. The divergence reflects a market recovering from a year in which sale prices finished roughly five percent below prior-year levels. With more than 100 closings in the quarter, the signal carries weight: sellers received close to 97 cents on the dollar, and the share of transactions with concessions edged down to about 45%, with the average concession shrinking by roughly a thousand dollars from the annual baseline.

Active inventory in 76116 held at 183 homes while new listings — roughly 167 over the quarter — outpaced the 63 pending contracts, widening the supply gap as of late spring. Months of supply at about five and a half sits above the Tarrant County pace of five, a spread that preserves buyer negotiating room heading into summer. The imbalance between new listing activity and pending volume suggests absorption has not yet caught up with supply, complicating the upward price trajectory visible in closed-sale data.