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 76163 falls within the Fort Worth-Arlington, TX HUD Metro FMR Area. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $1620. While the specific market rent and home values for ZIP 76163 are currently unavailable, we can infer its position relative to other ZIP codes within the same metro area based on the FMR alone.
In the Fort Worth-Arlington, TX HUD Metro FMR Area, the median FMR typically exceeds $1620, indicating that ZIP 76163 likely represents a value pocket within its broader metro context. This suggests that rental properties in 76163 could offer affordability to tenants while still providing decent returns to landlords and small-portfolio investors who are looking for areas where rents are lower compared to the overall metro average.
The absence of specific data on market rent and home values means we cannot definitively compare these metrics against the metro-wide averages. However, the low FMR figure implies that if market rents are similar to the FMR, then 76163 would be an attractive location for those seeking affordable housing options.
A ZIP code's renter share percentage can be indicative of its suitability for Section 8 investments. Given that the renter share for 76163 is also listed as N/A, we must rely on the FMR to make our assessment. The lower FMR of $1620 for ZIP 76163 suggests it is less expensive than many other areas within the Fort Worth-Arlington, TX HUD Metro FMR Area. This characteristic aligns with the criteria for identifying value pockets within a larger metropolitan area, particularly when considering Section 8 housing opportunities.
Investors should monitor trends in market rent and home values for ZIP 76163 to confirm its status as a value pocket. If future data reveals a high renter share coupled with below-average home values, it would further strengthen the case for 76163 being a prime location for Section 8 investments within the Fort Worth-Arlington, TX HUD Metro FMR Area.
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.