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 | $1,280 |
| 1 Bedroom | $1,300 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $2,000 |
| 4 Bedrooms | $2,510 |
| 5 Bedrooms | $2,912 |
| 6 Bedrooms | $3,261 |
| 7 Bedrooms | $3,522 |
| 8 Bedrooms | $3,698 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,530 | $141,985 | 1.08% | B |
| 3BR | $2,000 | $256,814 | 0.78% | D |
| 4BR | $2,510 | $382,797 | 0.66% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP code 76031, located in Cleburne, TX, reveals a market that offers a balance between yield and stability. The Fair Market Rent (FMR) for ZIP 76031 in fiscal year 2024 is set at $1,320, which is notably lower than the current market rent of $1,422. This indicates that landlords can expect a decent rental income, albeit slightly below market rates.
The median home value in ZIP 76031 stands at $279,991, suggesting that the area is moderately priced. Coupled with the FMR, this implies a reasonable yield when compared to the investment cost. For instance, if we assume a typical mortgage rate of around 4%, the monthly mortgage payment would be approximately $1,400 based on the home value. Given the FMR of $1,320, it's clear that landlords would need to factor in other sources of income or consider the potential for slight rent increases to cover costs.
In terms of stability, the ZIP code has 21.8% of residents classified as renters. While this percentage is relatively low, it does not necessarily indicate instability. The average daily days on market (DOM) data is not available, which makes it challenging to assess how quickly properties typically sell or rent. However, the median household income of $69,155 provides some insight into the economic health of the area. This figure suggests that there is a stable middle-class population capable of sustaining rental payments.
To conclude, ZIP 76031 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market. The key figures supporting this assessment include the FMR of $1,320, the median home value of $279,991, and the median household income of $69,155. These numbers indicate a market where landlords can expect consistent cash flow without the risks associated with highly volatile markets. The slightly lower FMR compared to market rent also suggests that while yields might not be exceptionally high, they are reliable and can support ongoing property management and maintenance costs.
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.