Section 8 Fair Market Rent (FMR) for ZIP 76112 - 2027

Investment Score for ZIP 76112

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	$1,360
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

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
1BR	$1,380	$136,242	1.01%	B
2BR	$1,630	$175,923	0.93%	C
3BR	$2,130	$243,531	0.87%	C
4BR	$2,680	$328,746	0.82%	C
5BR	$3,109	$418,915	0.74%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 76112 (Fort Worth, TX) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) for ZIP code 76112 is set by HUD for 2026 as follows: - 0BR: $1340 - 1BR: $1390 - 2BR: $1620 (which represents 33.7% of the median household income) - 3BR: $2140 - 4BR: $2650 These figures represent the maximum amount that a Section 8 voucher holder can pay towards rent. However, it's important to note how these FMRs compare to actual rental prices in the area. According to Zillow, the median price for a 2BR home in 76112 is $173,701. This suggests that the actual rental market is significantly higher than the FMRs, particularly for 2BR units where the price-to-FMR ratio is 8.9x. This means that landlords who want to participate in the Section 8 program must be willing to accept rents that are much lower than the market rate. For instance, a landlord renting a 2BR unit at the Zillow median price would be charging around $1447 per month (assuming a 1% annual rent), which is well above the $1620 FMR. #### Affordability & Renter Profile ZIP code 76112 has a population of 44,514, with 51.3% of residents being renters. The occupancy rate stands at 88.9%, indicating a fairly tight rental market. Given that the median household income is $57,724, and the 2BR FMR is $1620 (which is 33.7% of the median income), it’s clear that many residents are likely to struggle with housing affordability. The high renter percentage and relatively low median income suggest that the majority of renters in this area are likely to be low-income families, individuals, and seniors who rely heavily on government assistance programs like Section 8 vouchers. The fact that the 2BR FMR is only 33.7% of the median income highlights the significant financial burden that housing costs place on residents. This makes the ZIP code a prime location for those seeking affordable housing options. #### Investor Angle From an investor perspective, participating in the Section 8 program in ZIP code 76112 could be challenging due to the significant gap between market rents and FMRs. For example, a 2BR unit priced at the Zillow median would have a monthly rent of approximately $1447, which is still above the $1620 FMR. This implies that landlords might need to reduce their rental rates to attract Section 8 tenants, thereby potentially reducing their cash flow. However, the tight rental market and high demand for affordable housing could provide some stability. Landlords who are willing to work within the FMR guidelines can expect a steady stream of tenants, as there is a large pool of potential renters who rely on Section 8 vouchers. The occupancy rate of 88.9% also suggests that there is a strong likelihood of maintaining tenancy. #### Specific Actionable Insights 1. **Focus on Smaller Units**: Given the high price-to-FMR ratio for 2BR units, investors should consider focusing on smaller units such as 0BR and 1BR apartments. These units have FMRs of $1340 and $1390 respectively, which are closer to the actual market rents. This could help maintain better cash flow while still serving the needs of low-income residents. 2. **Utilize Tax Credits**: Investors looking to participate in the Section 8 program should explore federal and state tax credits available for affordable housing projects. These credits can offset some of the financial burdens associated with accepting lower rental rates. 3. **Consider Location-Specific Strategies**: Since the occupancy rate is high, investors should look into properties in less desirable submarkets within 76112. These areas may have lower market rents, making them more aligned with the FMRs. Additionally, improving the condition and amenities of these properties can make them more attractive to Section 8 tenants. #### Bottom Line For Section 8-focused investors, ZIP code 76112 presents a mixed picture. While the high price-to-FMR ratio for larger units poses challenges, the tight rental market and high demand for affordable housing create opportunities. The recommendation for this ZIP code is to **Hold** if you already own properties with smaller units that align well with FMRs. If you are considering new investments, focus on 0BR and 1BR units and explore tax credit opportunities to improve your financial position. However, given the significant gap between market rents and FMRs for 2BR and larger units, it would be prudent to **Skip** these larger units unless you can find properties in less expensive submarkets within the ZIP code.

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.