Location: Fort Worth-Arlington, TX | Metro: Fort Worth-Arlington, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,520 |
| 1 Bedroom | $1,540 |
| 2 Bedrooms | $1,820 |
| 3 Bedrooms | $2,380 |
| 4 Bedrooms | $2,990 |
| 5 Bedrooms | $3,468 |
| 6 Bedrooms | $3,884 |
| 7 Bedrooms | $4,195 |
| 8 Bedrooms | $4,405 |
U.S. Census Bureau data (2024)
Arlington, TX, represented by ZIP code 76014, stands out within Tarrant County due to its significant rental population and moderate median income levels. With a total of 32,818 residents, 59.8% of whom are renters, this ZIP code reflects a robust demand for rental properties. The median income here is $60,333, indicating a middle-class community. Despite the high median home value of $260,216, the majority of the population opts for renting, which presents an opportunity for landlords and small-portfolio investors.
The voucher economics in ZIP 76014 are favorable for landlords. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1,710, while the market rent, as measured by ZORI (Zillow Observed Rent Index), is $1,663. This means that landlords can potentially charge slightly above the market rate when accepting vouchers, thereby maximizing their rental income. The difference between the FMR and the ZORI suggests a slight premium for voucher holders, making Arlington attractive for those seeking subsidized housing options.
Based on the data signature, ZIP 76014 appears to be in a stable phase. The high percentage of renters alongside a reasonable median income level indicates a steady demand for rental properties. Furthermore, the relatively high median home value suggests a growing and prosperous community, but the prevalence of renting over homeownership points to a demographic that may be transitioning into the area or unable to afford homeownership yet. This stability, coupled with the economic benefits of voucher acceptance, makes Arlington a solid investment for landlords and small-portfolio investors looking to capitalize on the rental market dynamics.
Data Sources: FMR data from HUD (2027). 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.