Location: Fort Worth-Arlington, TX | Metro: Fort Worth-Arlington, TX HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,150 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $2,250 |
| 5 Bedrooms | $2,610 |
| 6 Bedrooms | $2,923 |
| 7 Bedrooms | $3,157 |
| 8 Bedrooms | $3,315 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,370 | $176,715 | 0.78% | D |
| 3BR | $1,790 | $185,929 | 0.96% | C |
| 4BR | $2,250 | $242,225 | 0.93% | C |
U.S. Census Bureau data (2024)
The ZIP code 76164 in Fort Worth, TX, is characterized by a significant rental population, with 39.9% of the 13,457 residents being renters. This indicates a robust demand for rental properties, making it an attractive area for landlords and small-portfolio investors.
The median household income in this ZIP is $52,882, which is essential when evaluating the affordability of housing. The typical market rent for the area is $1,572, representing approximately 29.7% of the median income. This suggests that rent constitutes a substantial portion of residents' earnings, but remains within a reasonable range given the local economic conditions.
Comparing the market rent to the Fair Market Rent (FMR) set at $1,300 for FY 2024, it's evident that the actual market rent is slightly higher. However, this difference underscores the strong rental market and potential for Section 8 voucher usage. With 39.9% of the population renting, there is likely a deep pool of tenants eligible for Section 8 vouchers, which can help cover the higher-than-FMR rents.
A landlord in this area should anticipate tenants who are primarily low-income families or individuals, many of whom will be reliant on government assistance such as Section 8 vouchers to secure housing. These tenants will be looking for affordable options that fit within their budget constraints, often seeking stability and support in finding suitable accommodation.
To conclude, ZIP 76164 is decidedly a renter-heavy area with a notable demand for Section 8 vouchers. Given the median income and the current market rent, it's clear that while rent takes up a considerable share of household budgets, the presence of a large rental population and the availability of vouchers make it a viable option for landlords to invest in this market. The typical tenant will require financial assistance to meet the rent costs, aligning well with the Section 8 program's goals.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.