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 | $1,310 |
| 1 Bedroom | $1,330 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $2,050 |
| 4 Bedrooms | $2,580 |
| 5 Bedrooms | $2,993 |
| 6 Bedrooms | $3,352 |
| 7 Bedrooms | $3,620 |
| 8 Bedrooms | $3,801 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,570 | $222,965 | 0.7% | D |
| 3BR | $2,050 | $296,839 | 0.69% | D |
| 4BR | $2,580 | $390,523 | 0.66% | D |
| 5BR | $2,993 | $485,078 | 0.62% | D |
U.S. Census Bureau data (2024)
The Section 8 cap-rate analysis for ZIP code 76013, Pantego, TX, reveals some interesting insights. The Fair Market Rent (FMR) for a 2-bedroom unit in fiscal year 2024 is set at $1490 per month. When annualized, this figure amounts to $17,880 per year. In contrast, the Zillow Observed Rental Index (ZORI) indicates that the market rent for a similar unit is $1,415 per month, equating to an annual rent of $16,980.
To calculate the gross yield, we use the median home value of $311,149. For the FMR scenario, the gross yield is calculated as follows:
The difference between these two yields is minimal, but it's important to consider which scenario is more realistic for investors. Given the renter density of 46.7%, there is a significant portion of the population likely seeking rental assistance, making the FMR scenario a plausible option. However, the days on market (DOM) of 21 days suggests that properties are turning over quickly, indicating strong demand in the area. This could imply that landlords might be able to secure higher rents through market competition.
Investors should weigh the certainty of receiving Section 8 payments against the potential for earning slightly higher market rents. The choice depends largely on their risk tolerance and investment strategy. The FMR scenario offers a guaranteed income stream, while the ZORI scenario reflects current market conditions and the possibility of securing tenants willing to pay closer to market rates.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.