Location: Hood County, 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 | $1,700 |
| 1 Bedroom | $1,730 |
| 2 Bedrooms | $2,040 |
| 3 Bedrooms | $2,670 |
| 4 Bedrooms | $3,350 |
| 5 Bedrooms | $3,886 |
| 6 Bedrooms | $4,352 |
| 7 Bedrooms | $4,700 |
| 8 Bedrooms | $4,935 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,040 | $313,138 | 0.65% | D |
| 3BR | $2,670 | $410,123 | 0.65% | D |
| 4BR | $3,350 | $511,951 | 0.65% | D |
| 5BR | $3,886 | $667,850 | 0.58% | F |
U.S. Census Bureau data (2024)
The potential pitfalls of investing in Section 8 housing in ZIP code 76087 in Weatherford, TX, are significant. First, tenant turnover is a critical issue, with the market rent at $1,746 compared to the Fair Market Rent (FMR) for FY 2024 at $1,780. This small difference can lead to frequent changes in tenants, causing disruptions and additional administrative burdens for landlords.
Second, there is considerable exposure to vacancy risk, given the average days on market (DOM) stands at 83 days. A higher DOM indicates that it takes longer to fill vacancies, which can result in lost rental income and increased costs associated with maintaining an empty property.
Lastly, there is a risk of deferred maintenance. With a typical home value of $451,849 and a median income of $114,306, the financial strain on residents might limit their ability to keep properties in optimal condition. This could necessitate more frequent repairs and upgrades, increasing the landlord's expenses.
However, these risks must be weighed against the high concentration of renters in the area, with 15.7% of the population renting. High renter density generally correlates with higher demand for housing vouchers, which can provide a stable source of rental income. Section 8 vouchers ensure timely payments, reducing the likelihood of delinquency and eviction.
In conclusion, despite the challenges posed by tenant turnover, vacancy exposure, and deferred maintenance, the high renter share suggests a robust demand for subsidized housing. Therefore, the overall risk for a first-time Section 8 landlord in ZIP 76087 is moderate.
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.