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 | $1,830 |
| 1 Bedroom | $1,850 |
| 2 Bedrooms | $2,180 |
| 3 Bedrooms | $2,850 |
| 4 Bedrooms | $3,580 |
| 5 Bedrooms | $4,153 |
| 6 Bedrooms | $4,651 |
| 7 Bedrooms | $5,023 |
| 8 Bedrooms | $5,274 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,180 | $251,242 | 0.87% | C |
| 3BR | $2,850 | $350,919 | 0.81% | C |
| 4BR | $3,580 | $558,816 | 0.64% | D |
| 5BR | $4,153 | $647,588 | 0.64% | D |
U.S. Census Bureau data (2024)
The ZIP code 76182, located in North Richland Hills, TX, is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The median Fair Market Rent (FMR) for FY 2024 is $1,850, while the market rent stands at $2,132, indicating a positive spread that supports stable cash flow.
The median home value in ZIP 76182 is $412,897, which reflects the area's established real estate market. Although the price-cut share is low at 0.2%, the median number of days on the market (DOM) is 19, suggesting that properties in this area are generally well-priced and move quickly once listed. This efficiency helps maintain steady cash flows for landlords and small-portfolio investors.
The 18.1% renter share indicates a significant portion of the population relies on rental properties, making it a reliable market for consistent tenant demand. Additionally, the median household income of $120,558 ensures a pool of financially stable renters who can meet the required rent levels.
While ZIP 76182 offers opportunities for appreciation plays, given the current market conditions, it serves as a solid foundation for generating predictable rental income. Investors should focus on leveraging the positive cash flow potential this area provides, rather than speculative growth.
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.