Location: Fort Worth-Arlington, TX | Metro: Fort Worth-Arlington, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,730 |
| 1 Bedroom | $1,760 |
| 2 Bedrooms | $2,070 |
| 3 Bedrooms | $2,710 |
| 4 Bedrooms | $3,400 |
| 5 Bedrooms | $3,944 |
| 6 Bedrooms | $4,417 |
| 7 Bedrooms | $4,770 |
| 8 Bedrooms | $5,009 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 76129 in fiscal year 2024 is set at $1810. This figure represents the payment standard for Section 8 housing vouchers, meaning that if you participate in the program, the government will pay up to $1810 per month toward your tenant's rent. It's important to note that this is not the amount that tenants will pay; rather, it's the maximum amount the Housing Authority will reimburse you.
To understand how this compares to the local market, we must consider the median rent in the area. Unfortunately, the specific median rent for ZIP 76129 is currently N/A, which makes direct comparison challenging. However, the FMR is designed to reflect the typical rents in an area, so it can serve as a useful benchmark even without exact local data.
The demand for rental properties in ZIP 76129 is indicated by the percentage of renters in the area. The data shows that the renter share is N/A%, suggesting a significant portion of the population relies on renting. This implies a steady demand for rental units, including those participating in the Section 8 program.
When acquiring a property to use as a Section 8 rental, you should also be aware of the average property values. In ZIP 76129, the average acquisition cost for a property is N/A. While this figure is also not available, it's crucial to ensure that the property's value aligns with the expected income from the Section 8 program.
Before proceeding with your first Section 8 rental, verify that your property meets all local and federal standards for health and safety. This includes ensuring that the rent is reasonable and that the unit passes inspection criteria set by the Housing Authority. Ensuring compliance with these requirements is essential for both maintaining eligibility and providing a quality living environment for your tenants.
Data Sources: FMR data from HUD (2027). 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.