Section 8 Fair Market Rent (FMR) for ZIP 76133 - 2027

Investment Score for ZIP 76133

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,750	$189,604	0.92%	C
3BR	$2,290	$254,053	0.9%	C
4BR	$2,870	$316,942	0.91%	C
5BR	$3,329	$358,019	0.93%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 76133 (Fort Worth, TX) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) for ZIP code 76133 in Fort Worth, Texas, is set by HUD for 2026. The FMRs are as follows: - 0BR: $1420 - 1BR: $1460 - 2BR: $1710 - 3BR: $2260 - 4BR: $2790 These FMRs represent the maximum rent that a Section 8 voucher holder can pay. However, comparing these figures to actual rental prices in the area provides insight into how realistic it is for voucher holders to find housing. According to Zillow, the median price for a 2BR home in ZIP 76133 is $189,458. This translates to a price-to-FMR ratio of 9.2x, indicating that the median home value is significantly higher than the FMR for a 2BR unit. For voucher holders, this means they must find units priced below the FMR threshold. In practice, landlords might be hesitant to accept vouchers if they can charge higher rents to non-voucher tenants. Therefore, the constraints for voucher holders include limited availability of affordable units and potential competition from higher-paying tenants. #### Affordability & Renter Profile ZIP code 76133 has a population of 53,958, with 37.9% of residents being renters. This indicates a substantial demand for rental properties. The occupancy rate stands at 93.4%, suggesting that the market is relatively tight, with few vacant units available. Given the median household income of $75,523, the affordability of a 2BR unit at $1710 per month is 27.2% of the median income. This percentage suggests that while the FMR is affordable for some households, it may still be a stretch for others, particularly those with lower incomes. The high price-to-FMR ratio also implies that many units are out of reach for typical voucher holders, who often have incomes well below the median. #### Investor Angle From an investor perspective, the key question is whether the FMRs provide sufficient cash flow to make investments viable. For a 2BR unit, the FMR is $1710 per month. Given the median home value of $189,458, we can estimate the potential monthly mortgage payment using a standard 30-year fixed-rate mortgage at a hypothetical interest rate of 5%. The estimated monthly mortgage payment would be approximately $1000, leaving around $710 for other expenses such as property taxes, insurance, maintenance, and desired profit margins. The investment grade of a property in this ZIP code depends on the balance between rental income and expenses. With a price-to-FMR ratio of 9.2x, the market is highly competitive, and investors need to ensure that their properties are priced attractively to attract voucher holders. Additionally, the tight market conditions suggest that there is less risk of vacancies, but also less flexibility to adjust rents downward if needed. #### Specific Actionable Insights 1. **Focus on Smaller Units**: Given the high price-to-FMR ratio, investors should consider focusing on smaller units like 0BR and 1BR apartments. These units are more likely to be within the FMR limits and can serve as starter homes for voucher holders. For instance, a 0BR unit at $1420 per month could offer better cash flow relative to the purchase price. 2. **Target Undervalued Properties**: Investors should look for properties that are undervalued compared to the median home price. A 2BR unit priced closer to the FMR of $1710 would provide a better opportunity for positive cash flow. This could involve finding homes in less desirable neighborhoods or those needing significant renovations. 3. **Consider Multi-Family Properties**: Multi-family properties can offer economies of scale and potentially higher returns. An apartment complex with multiple units, including a mix of 0BR, 1BR, and 2BR units, could be more attractive to voucher holders and provide a steady stream of rental income. #### Bottom Line For Section 8-focused investors, the recommendation is to **Buy** properties in ZIP 76133, particularly smaller units or multi-family properties that are priced within or close to the FMR thresholds. The tight market and high occupancy rates indicate strong demand for rental properties, which can help ensure steady cash flow. However, investors should be prepared to manage the challenges associated with accepting Section 8 vouchers, such as stricter tenant screening and compliance requirements. Overall, the investment potential is promising, especially if investors can identify undervalued properties or focus on smaller units where the FMR is more closely aligned with market rents.

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.