Section 8 Fair Market Rent (FMR) for ZIP 76108 - 2027

Investment Score for ZIP 76108

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,460
1 Bedroom	$1,480
2 Bedrooms	$1,740
3 Bedrooms	$2,280
4 Bedrooms	$2,860
5 Bedrooms	$3,318
6 Bedrooms	$3,716
7 Bedrooms	$4,013
8 Bedrooms	$4,214

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,740	$182,400	0.95%	C
3BR	$2,280	$259,437	0.88%	C
4BR	$2,860	$329,980	0.87%	C
5BR	$3,318	$399,226	0.83%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 76108 (Fort Worth, TX) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) for ZIP code 76108, as set by HUD for 2026, is $1720 for a two-bedroom unit. However, the Zillow median price for a two-bedroom home in this area is $178,966, which translates to a Price-to-FMR ratio of 8.7x. This indicates that the actual rent prices in the market are significantly higher than the FMR, creating a challenging environment for Section 8 voucher holders. The FMR represents only 25.7% of the median household income, meaning that voucher holders may struggle to find units that fall within their budgetary constraints. For instance, a voucher holder would need to find a landlord willing to accept a rental rate of $1720 for a two-bedroom unit, which is below the market average. #### Affordability & Renter Profile ZIP code 76108 has a population of 45,537, with 29.4% being renters. The occupancy rate is 89.6%, suggesting a relatively tight market where most available units are occupied. Given the median household income of $80,412, it is likely that many residents are middle-class families who can afford market-rate rents but may still be interested in affordable housing options. The high occupancy rate and significant portion of renters indicate strong demand for rental properties, making it a competitive market for both tenants and landlords. #### Investor Angle From an investor perspective, the ZIP code 76108 presents mixed opportunities. While the high occupancy rate suggests strong demand, the disparity between FMR and market rents means that properties rented at FMR levels will likely generate lower cash flow compared to market rates. To determine if this ZIP is cash-flow positive at FMR, we must consider the typical rental yields. If we assume a conservative annual rental yield of 5%, a property priced at $178,966 would generate approximately $8,948 annually, or about $745 per month. At the FMR level of $1720 per month for a two-bedroom unit, the monthly rental income exceeds the expected yield, indicating potential profitability for investors who can secure tenants through Section 8 vouchers. However, the investment grade depends on various factors such as maintenance costs, vacancy rates, and the ability to attract and retain Section 8 tenants. The high Price-to-FMR ratio suggests that there is limited room for profit margins unless investors can leverage other cost-saving measures or subsidies. #### Specific Actionable Insights 1. **Target Lower-Rent Properties**: Investors should focus on acquiring properties that are closer to the FMR levels. For example, a two-bedroom unit priced at $1720 per month would be more attractive to voucher holders and could potentially fill vacancies faster than higher-priced units. 2. **Consider Multi-Family Units**: Since the FMR for larger units like three-bedroom ($2270) and four-bedroom ($2810) is also below market rates, investors might want to explore multi-family properties. These units can cater to larger families and provide higher rental income while still being within the affordability range for Section 8 recipients. 3. **Engage with Local Agencies**: Building relationships with local housing authorities can help streamline the process of accepting Section 8 vouchers. This can reduce administrative overhead and increase the likelihood of securing long-term tenants. #### Bottom Line Given the high occupancy rate and significant portion of renters, ZIP code 76108 presents a viable market for Section 8-focused investors. However, the disparity between FMR and market rents poses challenges. The recommendation is to **Buy** properties that align closely with the FMR guidelines, particularly those that offer multi-family units. Engaging with local agencies and targeting lower-rent properties can enhance the chances of achieving positive cash flow and maintaining a stable tenant base.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.