Location: Fort Worth-Arlington, TX | Metro: Fort Worth-Arlington, TX HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,540 |
| 1 Bedroom | $1,560 |
| 2 Bedrooms | $1,840 |
| 3 Bedrooms | $2,410 |
| 4 Bedrooms | $3,020 |
| 5 Bedrooms | $3,503 |
| 6 Bedrooms | $3,923 |
| 7 Bedrooms | $4,237 |
| 8 Bedrooms | $4,449 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,560 | $117,425 | 1.33% | A |
| 2BR | $1,840 | $142,092 | 1.29% | A |
| 3BR | $2,410 | $382,794 | 0.63% | D |
| 4BR | $3,020 | $476,757 | 0.63% | D |
| 5BR | $3,503 | $650,955 | 0.54% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 76006 in Arlington, TX, within the Fort Worth-Arlington, TX HUD Metro FMR Area, reveals several key points regarding its viability for Section 8 landlords and small-portfolio investors.
The first question concerns whether the rent math works. The Fair Market Rent (FMR) for the area is set at $1800 for the fiscal year 2024. In contrast, the market rent, measured by ZORI (Zillow Observed Rent Index), stands at $1,135. This indicates that landlords participating in the Section 8 program can expect higher rental income compared to the average market rate, making the rent math favorable for those who qualify.
Regarding the affordability of acquisition, the median home value in ZIP 76006 is $387,217. While the number of days on market (DOM) is not available, the low 0.3% price-cut share suggests that homes are generally selling close to their listed prices without significant discounts. This implies that purchasing properties in this area could be competitive, but once acquired, maintaining asking prices is feasible.
The third point to consider is tenant demand. With a population of 23,446 and a renter share of 75.2%, there is a substantial pool of potential tenants seeking rental housing. This high percentage of renters signals strong demand for rental properties, which is beneficial for landlords looking to fill vacancies quickly and maintain occupancy rates.
In conclusion, ZIP 76006 presents a promising opportunity for Section 8 landlords and small-portfolio investors. The favorable rent math, where the FMR exceeds the market rent, ensures better returns for those eligible under the program. Although the median home value is relatively high at $387,217, the low price-cut share indicates stable property values. Most importantly, the high renter share of 75.2% ensures a robust tenant demand, supporting quick lease-ups and sustained occupancy. These factors collectively suggest a positive investment climate in this area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.