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 |
The ZIP code 76097 is positioned within the Fort Worth-Arlington, TX HUD Metro FMR Area. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $1510. This figure is crucial for landlords and small-portfolio investors operating under the Section 8 program, as it defines the maximum allowable rent for subsidized housing units.
However, the market rent and home values for ZIP 76097 are currently unavailable. Similarly, the percentage of renters in this area is also unspecified. To contextualize these missing figures, let's examine the broader Fort Worth-Arlington, TX HUD Metro FMR Area.
In the larger Fort Worth-Arlington metro area, the typical FMR can vary based on unit size and location. The absence of market rent and home value data for ZIP 76097 makes direct comparison challenging, but we can infer some insights from the available FMR.
Given that the FMR of $1510 is a fixed guideline, if the actual market rents in 76097 are lower than this amount, it suggests that this ZIP could be considered a value pocket within its metro. Landlords in such areas might find themselves able to charge close to the FMR without overpricing their units relative to the local market, thus attracting tenants while maintaining profitability.
A higher-than-average percentage of renters in ZIP 76097, coupled with lower home values, would typically indicate a strong demand for rental properties, which is favorable for Section 8 landlords. However, since the renter share is listed as N/A, we cannot make this inference directly. It is important to note that without specific data on market rents and home values, any assessment must be made cautiously.
To conclude, ZIP 76097 appears to have a defined FMR but lacks other critical metrics necessary for a comprehensive analysis. If market conditions allow landlords to charge near the FMR of $1510, it could represent an attractive opportunity within the Fort Worth-Arlington metro. Further investigation into local market rents and property values would provide clearer insight into its classification as a value pocket, mid-tier neighborhood, or premium sub-market.
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.