Keller - Roanoke - Northeast Fort Worth - July 2022

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At least 57 subdivisions within Northwest ISD are actively building new homes. Another 42 future subdivisions have been identied. The district also has 2,700 multifamily units under construction and another 2,500 units in various stages of planning. Construction zones

Groundwork underway

Litsey Creek Cottages

Future

Active

More homes mean more students at a pace that Zonda Education demog- rapher Bob Templeton estimated will continue for decades. “Because of your size, the amount of vacant land and the location, [that] really puts you in a position to be a fast-growth district for at least 20 years,” he told NISD trustees in May. Record growth NISD spans 234 square miles and 14 communities, including parts of Keller, Roanoke, Fort Worth and Westlake and all of Trophy Club. Its student population last year was 27,612. This fall the district is pro- jected to grow 9.2% to about 30,154 students, according to the report. “Northwest ISD had a record-break- ing year of growth this year,” Temple- ton said of the 2021-22 school year. “And I suspect you’re gonna break a record again this next year.” That growth translates into the need to build at least one new ele- mentary school each year between 2023-24 and 2029-30, according to Tim McClure, NISD assistant super- intendent for facilities. More middle schools and a fourth high school are also part of the district’s future needs. By the 2031-32 school year, the demographer’s report projected NISD to have 49,838 students. NISD’s long-range planning com- mittee will reconvene this fall to look at options, including the possibility of a bond election in May 2023 to fund more facilities. In May 2021, voters approved three of four bond measures totaling $737.5 million to fund capital improvements. That approval last year came after the failure of a $986.6 million bond package in November 2020. The combination of higher

The map shows construction within elementary school attendance boundaries for Northwest ISD.

Justin

287

Prairie View

Seven Hills

Lance

Sendera Ranch

Clara Love

114

Beck

Hat eld

Cox

Lakeview

Thompson

Hughes

Roanoke

35W

construction prices, a surge in new homebuilding, sup- ply chain issues and growth in students means the dis- trict’s 2021 bond funds will be depleted sooner than expected, McClure said.

MAP NOT TO SCALE N

Haslet

SOURCE: ZONDA EDUCATION COMMUNITY IMPACT NEWSPAPER

Granger

Schluter

Worth Association of Realtors, in the report. “This could be indicative of sellers continuing to try to overprice and the market making an adjust- ment, but it’s likely we’re headed toward a more normalized market. The question is, what does that look like now?” Community of rentals The rising cost of homes was on the minds of the developers behind Litsey Creek Cottages, which is under con- struction just west of Roanoke on a newly annexed property in northeast Fort Worth. The 64-acre development in NISD consists of 396 single-family homes being built for rent. “In our master-planned communi- ties, we were watching that starting price point inch up and up and up and up, and it just got really out of hand,”

Berkshire

Nance

“We’re having to take care of more kids at a higher construction rate at a sooner pace than what we thought,” he told trustees in late June. Home prices rising With all the newly constructed housing being built in NISD, Temple- ton said home prices are worth keep- ing an eye on. As of March, the average price of a new home in NISD was $442,720, which is about a 27.78% increase from the average price of $346,476 in 2019, according to the demographic report. The average price of an existing home in the district in the rst quar- ter of this year was up nearly 31.75% compared with the year before the

Peterson

Curtis

pandemic from $320,410 three years ago to $422,127. Templeton said that price point pri- marily aects rst-time homebuyers and those looking to move up to a new home. “It does not have as big of an impact on relocation buyers,” he said. The June housing report from the Greater Fort Worth Association of Realtors stated home prices are stabilizing. “Recently we’ve seen more price reductions,” said Shannon Ashkinos, 2022 president of the Greater Fort

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