Location: Fort Worth-Arlington, TX | Metro: Fort Worth-Arlington, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,360 |
| 1 Bedroom | $1,380 |
| 2 Bedrooms | $1,630 |
| 3 Bedrooms | $2,130 |
| 4 Bedrooms | $2,680 |
| 5 Bedrooms | $3,109 |
| 6 Bedrooms | $3,482 |
| 7 Bedrooms | $3,761 |
| 8 Bedrooms | $3,949 |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP 76061 operate under specific parameters that landlords need to understand to manage their expectations and finances effectively. For a two-bedroom apartment, the SAFMR (Small Area Fair Market Rent) for FY 2024 is set at $1570. This figure is crucial because it represents the maximum amount that the housing authority will pay for a rental unit in this specific ZIP code.
To break down the actual payment process, landlords must know that the reimbursement is not simply the full SAFMR amount. Instead, it's a combination of the voucher holder's contribution and the utility allowance. The tenant is typically responsible for paying 30% of their adjusted income towards rent. If we assume an average adjusted income of $2000 per month for a voucher recipient, the tenant would contribute $600 monthly towards rent. This leaves the remaining amount to be covered by the housing authority.
The housing authority will then pay the difference between the tenant's contribution and the SAFMR. In this case, if the tenant contributes $600, the housing authority would pay the landlord $970 ($1570 - $600). However, this calculation does not include utility allowances. Utility allowances can vary but generally add a few hundred dollars to the total reimbursement. Assuming a utility allowance of $200, the total reimbursement to the landlord would be $1170 ($970 + $200).
This means that in ZIP 76061, landlords who participate in the Section 8 program for a two-bedroom unit will receive a reimbursement of $1170. Given that the local market rent is currently unavailable, landlords should compare this figure to the prevailing market rates in their area to determine whether participating in the Section 8 program will result in a surplus or a gap. If the local market rent is higher than $1570, landlords will likely face a shortfall. Conversely, if the local market rent is lower, they may see a surplus.
In conclusion, the typical reimbursement gap or surplus for a two-bedroom unit in ZIP 76061 can only be accurately determined with knowledge of the local market rent. However, based on the SAFMR and typical tenant contributions, landlords should expect a net reimbursement of around $1170 per month for a two-bedroom property.
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.