Location: Fort Worth-Arlington, TX | Metro: Fort Worth-Arlington, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,470 |
| 1 Bedroom | $1,490 |
| 2 Bedrooms | $1,750 |
| 3 Bedrooms | $2,290 |
| 4 Bedrooms | $2,870 |
| 5 Bedrooms | $3,329 |
| 6 Bedrooms | $3,728 |
| 7 Bedrooms | $4,026 |
| 8 Bedrooms | $4,227 |
The Fair Market Rent (FMR) for ZIP code 76130 in fiscal year 2024 is set at $1620. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for determining the maximum amount of rent that can be charged under the Section 8 program. It does not represent the actual rent you will charge your tenants; rather, it is the upper limit for what the government will pay toward the rent.
In ZIP 76130, the local median rent is currently listed as N/A, which makes direct comparison difficult. However, the FMR serves as a benchmark to ensure that rents are reasonable and reflective of market conditions. Landlords should aim to keep their rents competitive but also within the guidelines to avoid losing out on potential tenants who rely on Section 8 vouchers.
The percentage of renters in the area who could potentially benefit from the Section 8 program is N/A%. This indicates the level of demand for affordable housing options. A higher percentage suggests more potential tenants interested in the program, which could translate into a steady stream of qualified applicants for your rental properties.
The average property acquisition cost in ZIP 76130 is N/A. This figure helps you understand the initial investment required to purchase a rental property in the area. When combined with the FMR, it allows you to calculate your potential return on investment and assess whether the property will be financially viable under the Section 8 program.
Before proceeding with your first Section 8 rental in ZIP 76130, verify that the property meets all the necessary HUD inspection criteria. These inspections ensure that the rental unit is safe, decent, and sanitary, and failing to meet these standards can result in disqualification from the program. Ensuring compliance with these requirements is crucial for avoiding any issues and securing long-term, stable tenancy.
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.