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 analysis of ZIP code 76136 in the Fort Worth-Arlington, TX HUD Metro FMR Area reveals several key points regarding its viability for Section 8 landlords and small-portfolio investors.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for ZIP 76136 is set at $1620 for fiscal year 2024. However, without specific data on the market rent, it's challenging to make a direct comparison. Given that the FMR is established by HUD to ensure affordability, landlords should expect to charge close to this figure for Section 8 units.
Moving on to acquisition affordability, the lack of detailed data on the median home value, days on market (DOM), and the percentage of homes requiring price cuts hinders a comprehensive assessment. Investors would need to research further to determine if the cost of acquiring properties aligns with their budget and expected ROI.
The third question concerns tenant demand. Again, without precise figures on the population and the percentage of renters, it's difficult to quantify demand accurately. Landlords and investors should investigate local demographics and rental trends to gauge potential occupancy rates.
In conclusion, while the Fair Market Rent for ZIP 76136 stands at $1620 for fiscal year 2024, providing a clear benchmark for Section 8 landlords, the absence of critical data on market rents, median home values, days on market, price-cut shares, population, and renter percentages makes it impossible to fully assess the financial feasibility and tenant demand. To proceed confidently, investors must conduct thorough local market research to fill these data gaps and make informed decisions.
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.