Location: Fort Worth-Arlington, 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 | $1,190 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,330 |
| 5 Bedrooms | $2,703 |
| 6 Bedrooms | $3,027 |
| 7 Bedrooms | $3,269 |
| 8 Bedrooms | $3,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,420 | $146,055 | 0.97% | C |
| 3BR | $1,860 | $162,327 | 1.15% | B |
| 4BR | $2,330 | $226,519 | 1.03% | B |
U.S. Census Bureau data (2024)
ZIP 76105 is located in the heart of Fort Worth, Texas, and it represents a densely populated urban neighborhood with a significant rental market. The area has a total population of 22,228 residents, with over half of them, specifically 50.7%, being renters. This high percentage of renters indicates a strong demand for rental properties in the area. The median household income in ZIP 76105 is $45,770, which is slightly below the national average but still provides a stable economic base for the community. The median home value stands at $167,126, making it an affordable residential area for both homeowners and renters.
The rent economics in ZIP 76105 are particularly interesting for real estate investors. According to the Fair Market Rent (FMR) set by HUD for the fiscal year 2024, the FMR for the area is $1,300. However, the actual market rent, as measured by Zillow's ZORI index, is significantly higher at $1,598. This gap between the FMR and the market rent suggests that landlords who participate in the Section 8 program can expect lower rents compared to the market rate, but the demand for subsidized housing remains robust due to the area's relatively low median income.
Given these factors, ZIP 76105 is better suited for a hands-off voucher operator rather than a hands-on value-add buyer. The strong rental market and high percentage of renters ensure steady occupancy rates for landlords willing to accept Section 8 vouchers. While the difference between FMR and market rent might limit potential profits, the stability and reliability of the Section 8 program make it an attractive option for those seeking consistent cash flow without the need for extensive property management or improvements. For hands-on buyers looking to increase property values through renovations or upgrades, the gap between FMR and market rent presents a challenge, as the cost of such enhancements may not be fully recoverable through Section 8 rents.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.