Location: Fort Worth-Arlington, TX | Metro: Dallas, 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 | $1,710 |
| 1 Bedroom | $1,730 |
| 2 Bedrooms | $2,040 |
| 3 Bedrooms | $2,660 |
| 4 Bedrooms | $3,340 |
| 5 Bedrooms | $3,874 |
| 6 Bedrooms | $4,339 |
| 7 Bedrooms | $4,686 |
| 8 Bedrooms | $4,920 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,660 | $335,331 | 0.79% | D |
| 4BR | $3,340 | $388,602 | 0.86% | C |
| 5BR | $3,874 | $481,561 | 0.8% | C |
U.S. Census Bureau data (2024)
A skeptical investor might raise several concerns regarding the ZIP code 76177 in Fort Worth, TX. Here are some common objections and the corresponding data to address them:
Will Fair Market Rent (FMR) of $2110 for ZIP 76177 cover the mortgage on a $373,570 home? The FMR figure is lower than the average rent of $2,250 reported by Zillow for ZIP 76177, indicating that the FMR may not fully cover the mortgage on a home valued at $373,570. However, the actual mortgage coverage depends on the interest rate and loan terms. Investors should calculate their mortgage expenses based on current rates.
Is there enough renter demand at 53.6%? According to Renter's Local, 41.2% of housing units in ZIP 76177 are renter-occupied, which is slightly lower than the 53.6% mentioned. Despite this discrepancy, the rental vacancy rate stands at 15.4%, suggesting a moderate level of demand. The high median household income ($94,352) indicates a strong ability to pay rent, supporting the notion that there is sufficient demand.
Will vouchers keep pace with $1,621 market rents? The average rent in ZIP 76177 is $2,250, which is significantly higher than the voucher amount of $1,621. Vouchers are designed to cover a portion of the rent, but they typically do not match the full market rate. Therefore, landlords may need to consider other sources of income or subsidies to ensure profitability.
In conclusion, while the data provides valuable insights into the rental market in ZIP 76177, it does not fully resolve all investor concerns. It is recommended that potential investors perform detailed financial analysis and consult with local real estate professionals to make informed decisions.
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.