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 |
ZIP code 76101, located within the Fort Worth-Arlington, TX HUD Metro FMR Area, has a Fair Market Rent (FMR) of $1620 for fiscal year 2024. This figure is key in understanding how this area compares to other ZIP codes within the same metro region. The FMR is set by HUD and reflects the maximum rent that low-income families should pay to live in an area without spending more than 30% of their income on housing.
To contextualize the $1620 FMR in ZIP 76101, it's essential to know the typical FMR for the broader Fort Worth-Arlington, TX HUD Metro FMR Area. However, the specific market rent and home value data for ZIP 76101 are currently unavailable. Despite this, the FMR can still provide valuable insights into the rental market dynamics.
In ZIP 76101, the lack of available market rent and home value data makes it challenging to definitively classify the area as a value pocket, a mid-tier neighborhood, or a premium sub-market. However, the absence of such data might indicate that the area is less developed or has a smaller sample size, which could suggest a niche market with unique characteristics.
The unknown percentage of renter share also adds to the complexity of assessing ZIP 76101's position within the metro. Typically, a higher renter share combined with lower-than-metro average home values would signal a potential sweet spot for Section 8 tenants, as it indicates affordability and demand for rental properties.
Given the available data, the $1620 FMR suggests that ZIP 76101 is likely to be a value pocket within the Fort Worth-Arlington metro. This inference is based on the assumption that the FMR is generally lower than market rents, making it attractive for both landlords participating in the Section 8 program and low-income tenants seeking affordable housing.
Landlords and small-portfolio investors should consider the implications of operating in an area with limited data. While the lower FMR presents an opportunity to serve a particular segment of the rental market, the lack of comprehensive market rent and home value information may require additional research to fully understand the investment potential and risks associated with ZIP 76101.
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.