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 | $158,803 | 0.89% | C |
| 3BR | $1,860 | $179,705 | 1.04% | B |
| 4BR | $2,330 | $278,805 | 0.84% | C |
U.S. Census Bureau data (2024)
The ZIP code 76115 in Fort Worth, TX, is predominantly a renter-heavy area, with 53.2% of the population renting their homes. This high percentage indicates a robust demand for rental properties, including those that cater to tenants utilizing Section 8 housing vouchers. The total population of 19,655 suggests a significant number of potential tenants who could be eligible for vouchers.
The median household income in ZIP 76115 stands at $52,411, which is relatively modest compared to the overall cost of living in Fort Worth. Given the market rent of $1,385, this represents approximately 26.4% of the median household income, indicating that typical rent consumes a substantial portion of local residents' earnings. For context, the Fair Market Rent (FMR) for the area is set at $1,250 for FY 2024, slightly below the current market rate.
The discrepancy between the FMR and the actual market rent highlights the potential challenge for landlords who wish to attract Section 8 tenants. Landlords must ensure their rents align closely with the FMR to remain competitive and attractive to voucher holders. However, the high percentage of renters in the area suggests that there is a deep voucher demand, making it feasible for landlords to find tenants willing to use their vouchers.
A landlord in ZIP 76115 can expect a tenant profile characterized by individuals and families with lower to moderate incomes, seeking affordable housing options. These tenants will likely rely on government assistance such as Section 8 vouchers to manage their housing costs. Given the economic conditions and the high proportion of renters, landlords should prepare for a steady flow of applications from those needing financial support to cover their rent.
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.