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 | $1,210 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $2,380 |
| 5 Bedrooms | $2,761 |
| 6 Bedrooms | $3,092 |
| 7 Bedrooms | $3,339 |
| 8 Bedrooms | $3,506 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,230 | $166,188 | 0.74% | D |
| 2BR | $1,450 | $194,685 | 0.74% | D |
| 3BR | $1,900 | $236,767 | 0.8% | C |
| 4BR | $2,380 | $346,014 | 0.69% | D |
U.S. Census Bureau data (2024)
The ZIP code 76114, located in River Oaks, TX, presents a dynamic rental market that is currently favoring landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area stands at $1380 for fiscal year 2024, while the actual market rent, as measured by Zillow's Rent Index (ZORI), is higher at $1,580. This indicates a robust demand for rental properties, as tenants are willing to pay above the FMR.
The price-cut share of 0.3% suggests that very few landlords are having to reduce their asking rents to attract tenants, which is a strong sign of a healthy rental market. Additionally, the days on market (DOM) for rental listings is relatively low at 57 days, further confirming that there is active interest in renting properties in this area.
The median home value of $234,747 reflects the overall affordability of homeownership in River Oaks, but the significant 46.6% renter share points to a substantial portion of the population choosing to rent rather than buy. This high percentage of renters can be indicative of long-term housing pressure, suggesting that many residents find it more practical or necessary to rent due to various factors such as employment stability, financial readiness, or lifestyle preferences.
Given the higher market rent compared to the FMR and the low price-cut share, it is evident that demand for rentals is outpacing supply in ZIP 76114. Landlords can expect steady occupancy rates and little need to adjust their rental pricing downwards to secure tenants. The dynamics of this market support the idea that it is favorable for those looking to invest in rental properties, as the high renter share ensures a continuous and reliable tenant pool.
In conclusion, the current snapshot of the River Oaks, TX rental market in ZIP 76114 reveals a scenario where demand for rental properties exceeds supply, driven by a high percentage of renters and strong rental prices. This environment provides opportunities for landlords and investors to maintain competitive rental rates and enjoy stable returns on their investments.
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.