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 ZIP code 76161 in Unknown, TX, presents an interesting real estate market scenario when analyzed against the criteria of yield and stability.
Yield: The Fair Market Rent (FMR) for ZIP 76161 in fiscal year 2024 is set at $1620 for a unit. Given that there is no data available for the market rent or home values, this FMR figure provides a benchmark for potential rental income. Landlords and small-portfolio investors can expect to achieve this level of rent for subsidized units, which is a significant figure suggesting a potentially high-yield market.
Stability: However, the lack of data on renters' percentage, days on market (DOM), and income levels complicates the assessment of market stability. The absence of these figures implies that there may be limited historical data to rely on, making it difficult to predict consistent demand or stability in the rental market.
Based on the available information, ZIP 76161 leans towards a high-yield market due to the relatively high FMR. However, without specific figures on the percentage of renters, DOM, and income levels, it's challenging to classify the market as either highly stable or unstable. The missing data points suggest a market that may offer opportunities for high returns but requires careful consideration of the risks involved.
To make a more informed decision, further research is necessary to understand the local economic conditions, job market, and population trends. These factors will help determine whether the market is suitable for a high-yield/low-stability flip-style approach or if it can support a steady-cashflow investment strategy.
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.