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 | $1,610 |
| 1 Bedroom | $1,630 |
| 2 Bedrooms | $1,920 |
| 3 Bedrooms | $2,510 |
| 4 Bedrooms | $3,150 |
| 5 Bedrooms | $3,654 |
| 6 Bedrooms | $4,092 |
| 7 Bedrooms | $4,419 |
| 8 Bedrooms | $4,640 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,920 | $210,657 | 0.91% | C |
| 3BR | $2,510 | $278,555 | 0.9% | C |
| 4BR | $3,150 | $341,804 | 0.92% | C |
U.S. Census Bureau data (2024)
The potential pitfalls for a Section 8 landlord in ZIP 76015, Arlington, TX, are significant. Tenant turnover is a critical issue, with market rents at $1,588 versus the Federal Market Rent (FMR) of $1,750 for FY 2024. This disparity can lead to frequent changes in occupancy, increasing administrative burdens and costs associated with screening and onboarding new tenants. Vacancy exposure is another concern, as the days on market (DOM) is listed as N/A, suggesting either a highly competitive rental market or insufficient data. In either case, prolonged vacancies can significantly impact cash flow.
Deferred maintenance is also a risk factor. The typical home value in the area is $280,048, while the median household income is $73,709. These figures indicate that homeowners might struggle to keep up with necessary repairs and maintenance, which can translate into higher maintenance costs for landlords. Additionally, the financial strain on residents due to lower incomes relative to housing costs can exacerbate issues such as late payments or damage to properties.
However, these risks must be weighed against the high demand for rentals. With 52.0% of the population being renters, there is a substantial pool of potential voucher holders looking for affordable housing. High renter density generally correlates with a robust demand for rental properties, which can mitigate some of the risks associated with vacancy and turnover. Landlords who can navigate the administrative challenges and maintain their properties effectively stand to benefit from the consistent demand for affordable housing in this ZIP code.
Arlington's ZIP 76015 presents a moderate risk for a first-time Section 8 landlord, given the balance between significant operational challenges and strong tenant demand.
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.