Section 8 Fair Market Rent (FMR) for ZIP 76124 - 2027

FY 2027 Fair Market Rent Rates

The analysis of ZIP code 76124 within the Fort Worth-Arlington, TX HUD Metro FMR Area reveals several key points for potential Section 8 landlords and small-portfolio investors.

Firstly, the rent math does not work out favorably due to the lack of available market rent data. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1620. Without comparative market rent figures, it's challenging to assess whether this amount will cover operational costs and provide a reasonable profit margin.

Secondly, the acquisition of properties in this ZIP code appears to be problematic. The absence of specific data on median home values, days on market (DOM), and the percentage of homes requiring price cuts means that there is insufficient information to determine if purchasing properties is financially viable for Section 8 investment purposes.

Lastly, regarding tenant demand, the data is incomplete. The ZIP code lacks specified population and renter share percentages, which are critical for understanding the potential pool of tenants who might qualify for Section 8 housing assistance.

In summary, while the ZIP code 76124 has a defined FMR of $1620 for fiscal year 2024, the missing data on market rents, property acquisition metrics, and tenant demographics make it difficult to recommend this area for Section 8 investments. More detailed and up-to-date information would be necessary to provide a comprehensive assessment.

Data Sources: FMR data from HUD (2027).

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.