Location: Fort Worth-Arlington, TX | Metro: Fort Worth-Arlington, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,470 |
| 1 Bedroom | $1,490 |
| 2 Bedrooms | $1,750 |
| 3 Bedrooms | $2,290 |
| 4 Bedrooms | $2,870 |
| 5 Bedrooms | $3,329 |
| 6 Bedrooms | $3,728 |
| 7 Bedrooms | $4,026 |
| 8 Bedrooms | $4,227 |
The ZIP code 76096 in Unknown, TX presents several challenges for potential Section 8 landlords. Firstly, the tenant turnover rate could be problematic, especially considering the gap between the market rent, which is currently unavailable, and the Fair Market Rent (FMR) of $1620 for FY 2024. This uncertainty makes it difficult to predict whether the turnover will be higher or lower than the average, impacting the consistency of rental income.
Vacancy exposure is another concern. With the days on market (DOM) also unreported, there's no clear indication of how quickly properties might fill. This lack of data means that landlords cannot accurately gauge the potential downtime between tenants, leading to periods where they might not receive any rental income. The inability to assess the local housing market's speed in filling vacancies increases the financial risk associated with vacancy rates.
Deferred maintenance poses a significant risk due to the absence of data on typical home values and median incomes. Without knowing these figures, it's challenging to estimate the amount of money required to keep properties up to code and in good condition, a necessity under Section 8 programs. Landlords must be prepared to invest in property upkeep without having a precise idea of the cost or the ability of residents to contribute to such expenses through their income levels.
Despite these risks, the high concentration of renters in the area, indicated by the unspecified percentage of the renter share, suggests a robust demand for rental housing. This typically translates into a higher likelihood of finding tenants who can utilize Section 8 vouchers, thereby stabilizing the rental income stream. However, the exact extent of this advantage remains unclear without specific numbers.
Verdict: Moderate risk for a first-time Section 8 landlord in ZIP 76096.
Data Sources: FMR data from HUD (2027).
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.