Section 8 Fair Market Rent (FMR) for ZIP 76102 - 2027

Location: Fort Worth-Arlington, TX | Metro: Fort Worth-Arlington, TX HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,690
1 Bedroom	$1,710
2 Bedrooms	$2,020
3 Bedrooms	$2,640
4 Bedrooms	$3,320
5 Bedrooms	$3,851
6 Bedrooms	$4,313
7 Bedrooms	$4,658
8 Bedrooms	$4,891

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

11,895

Median Household Income

$75,859

Housing Units

5,955

Renter Percentage

79.4%

Occupancy Rate

81.3%

Renter Occupied

3,847

Housing Authorities Serving ZIP 76102

Housing Authority of Fort Worth (Fort Worth, TX) - 6,446 Section 8 vouchers
ARLINGTON HOUSING WORKS (Arlington, TX) - 3,905 Section 8 vouchers
Tarrant County Housing Assistance Office (Fort Worth, TX) - 3,314 Section 8 vouchers
Housing Authority of Haltom City (Haltom City, TX)
Housing Authority of Grapevine (Grapevine, TX)

The ZIP code 76102, located in Fort Worth, Texas, is a vibrant urban area with a mix of residential neighborhoods and commercial spaces. It offers a prime opportunity for real estate investors looking to capitalize on the rental market, given its high percentage of renters and favorable financial metrics.

The Fair Market Rent (FMR) for ZIP 76102 is set at $2,030 for fiscal year 2024, indicating the government's benchmark for what it considers a reasonable rental price in the area.
The actual market rent, as measured by ZORI (Zillow Observed Rent Index), stands at $1,548. This suggests that while the FMR is higher, the competitive market rent is lower but still robust.
The median home value in the area is $273,272, which reflects the overall property values and can be indicative of the investment cost for potential homeowners or landlords.
Renters make up a significant portion of the population in ZIP 76102, with a renter share of 79.4%. This high concentration of renters points to strong demand for rental properties.
The median income for residents is $75,859, providing insight into the earning capacity of potential tenants and the ability to support higher rents.

In summary, ZIP 76102 presents a solid investment opportunity with a strong rental market and a high percentage of renters. The median income supports higher rents, aligning well with the FMR, while the actual market rent is slightly below this benchmark, suggesting room for modest increases without deterring tenants. The median home value indicates a balanced market where investments can yield good returns. For landlords and small-portfolio investors, this area promises steady occupancy rates and the potential for positive cash flow, making it a worthwhile consideration for real estate investments.

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.