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 | $970 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,160 | $154,235 | 0.75% | D |
| 3BR | $1,520 | $245,750 | 0.62% | D |
| 4BR | $1,910 | $304,255 | 0.63% | D |
U.S. Census Bureau data (2024)
Cleburne, TX, located within the Fort Worth-Arlington, TX HUD Metro FMR Area, has a unique position based on its Fair Market Rent (FMR) and other housing metrics. The FMR for ZIP 76059 is set at $1200 for fiscal year 2024, which is higher than the market rent of $961. This suggests that the area is somewhat overvalued compared to what the market is currently bearing, but it also indicates a potential safety net for landlords due to the higher FMR threshold.
The median home value in ZIP 76059 is $255,283, which is a significant figure indicating a moderate investment cost. When comparing this to typical ZIP codes within the Fort Worth-Arlington, TX HUD Metro FMR Area, this value is likely to be considered mid-tier. It's neither at the low end where affordability is a primary concern nor at the high end reserved for luxury properties.
A notable aspect of ZIP 76059 is its renter share of 56.6%. This high percentage of renters can signal a strong demand for rental properties. However, when combined with the relatively lower market rent of $961 compared to the FMR, it suggests that the area could be attractive for Section 8 participants. The high renter share coupled with below-metro average home values can indeed indicate a sweet spot for Section 8 housing, making it an appealing location for those seeking affordable rental options.
To determine if 76059 is a value pocket, mid-tier neighborhood, or a premium sub-market, consider the following:
In summary, ZIP 76059 in Cleburne, TX, presents itself as a mid-tier neighborhood with characteristics that make it particularly suitable for Section 8 housing. The combination of a slightly elevated FMR, moderate home values, and a high renter share creates a scenario where it stands out as a potentially valuable investment opportunity for landlords and small-portfolio investors interested in serving this demographic.
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.