Location: Fort Worth-Arlington, TX | Metro: Fort Worth-Arlington, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,330 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,590 |
| 3 Bedrooms | $2,080 |
| 4 Bedrooms | $2,610 |
| 5 Bedrooms | $3,028 |
| 6 Bedrooms | $3,391 |
| 7 Bedrooms | $3,662 |
| 8 Bedrooms | $3,845 |
U.S. Census Bureau data (2024)
ZIP code 76053, located in Hurst, TX, falls within the Fort Worth-Arlington, TX HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 76053 in fiscal year 2024 is set at $1580. This figure is higher than the average market rent of $1,462, indicating that the government's estimate of rental costs is slightly above what the market currently dictates.
The median home value in ZIP 76053 stands at $302,196. This is relatively low compared to the typical home values found in other ZIP codes within the Fort Worth-Arlington, TX HUD Metro FMR Area, which often exceed this amount. A lower home value can be indicative of a more affordable housing market segment, potentially appealing to first-time buyers or investors looking for entry-level properties.
The renter share in ZIP 76053 is 49.8%, which is close to the midpoint but slightly above average for the broader metro area. This suggests a balanced mix of renters and homeowners, but with a slight tilt towards renting. Given the divergence between the high renter share and the below-average home values, ZIP 76053 could represent a sweet spot for Section 8 landlords and investors interested in serving the rental market.
To further contextualize, let’s examine how these figures compare to the metro-wide averages. The FMR being above the market rent indicates that the government’s subsidy levels are designed to cover a portion of the slightly elevated rental costs. However, the lower home values suggest that the area might attract more affordable housing options, making it a potential value pocket for those seeking to invest in rental properties without the high capital outlay required in premium sub-markets.
In summary, ZIP 76053 appears to be a mid-tier neighborhood within the Fort Worth-Arlington, TX HUD Metro FMR Area. It offers a balance between rental subsidies and market conditions, with a significant number of renters and relatively affordable home values. These factors make it an attractive location for Section 8-related investments and real estate activities.
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.