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 | $1,260 |
| 1 Bedroom | $1,270 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $1,960 |
| 4 Bedrooms | $2,460 |
| 5 Bedrooms | $2,854 |
| 6 Bedrooms | $3,196 |
| 7 Bedrooms | $3,452 |
| 8 Bedrooms | $3,625 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,500 | $185,624 | 0.81% | C |
| 3BR | $1,960 | $288,464 | 0.68% | D |
| 4BR | $2,460 | $371,898 | 0.66% | D |
| 5BR | $2,854 | $429,149 | 0.67% | D |
U.S. Census Bureau data (2024)
The ZIP code 76009, located in Alvarado, TX, has a population of 22,803 individuals, with 22.4% of them being renters. This indicates that the area is not heavily dominated by renters but still has a significant portion of the population seeking rental housing. The median household income in this region stands at $79,755, which provides context for the affordability of the average market rent of $1,542.
To understand the depth of voucher demand, it's essential to compare the market rent to the Fair Market Rent (FMR), which for FY 2024 is set at $1,470 for this ZIP code. This suggests that the market rent slightly exceeds the FMR, indicating that while there might be some demand for vouchers, it is likely not as deep as in areas where market rents far exceed the FMR.
Considering the median household income, the typical rent eats up approximately 19.3% of the local income. This percentage is calculated by dividing the market rent ($1,542) by the median household income ($79,755) and multiplying by 100. While this figure is manageable, it still represents a substantial portion of the average income, suggesting that tenants may be sensitive to rent increases and value cost-effective living options.
A landlord in ZIP 76009 should expect a tenant pool that includes families and individuals who are financially stable enough to afford the local market rent without heavy reliance on vouchers. However, some tenants may still require assistance, especially those with incomes closer to the poverty line or facing other financial challenges. The expected tenants will likely prioritize affordable housing options, making properties that offer competitive pricing and good value-for-money attractive.
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.