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 | $1,550 |
| 1 Bedroom | $1,570 |
| 2 Bedrooms | $1,850 |
| 3 Bedrooms | $2,420 |
| 4 Bedrooms | $3,040 |
| 5 Bedrooms | $3,526 |
| 6 Bedrooms | $3,949 |
| 7 Bedrooms | $4,265 |
| 8 Bedrooms | $4,478 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,850 | $269,793 | 0.69% | D |
| 3BR | $2,420 | $379,577 | 0.64% | D |
| 4BR | $3,040 | $472,349 | 0.64% | D |
| 5BR | $3,526 | $548,008 | 0.64% | D |
U.S. Census Bureau data (2024)
The rent math in ZIP code 76021, located in Bedford, TX, within the Fort Worth-Arlington, TX HUD Metro FMR area, does not align favorably for landlords. The Fair Market Rent (FMR) set at $1710 for the fiscal year 2024 exceeds the market rent indicated by the Zillow Observed Rent Index (ZORI), which stands at $1,471. This discrepancy suggests that tenants might struggle to meet the higher FMR standards, potentially leading to lower occupancy rates.
Acquisition in this area is relatively affordable, considering the median home value is $399,313. The average days on market (DOM) of 20 days and the low price-cut share of 0.3% indicate a robust real estate market where homes sell quickly without significant price reductions. These factors make it a good environment for small-portfolio investors looking to acquire properties at fair market values.
Tenant demand in ZIP 76021 is strong, with a population of 35,354 and a substantial 48.3% of residents renting their homes. This high percentage of renters suggests a steady pool of potential tenants, which can be beneficial for landlords who want to ensure their properties remain occupied.
In conclusion, while the rent math in ZIP 76021 is challenging due to the disparity between the FMR and the actual market rent, the area remains attractive for acquisitions. The quick sales cycle and low need for price adjustments support a healthy investment climate. Furthermore, the significant rental market share indicates a reliable tenant base. Landlords should focus on competitive pricing strategies to attract tenants and maintain occupancy levels despite the higher FMR requirements.
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.