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 analysis of ZIP code 76185 in the Fort Worth-Arlington, TX HUD Metro FMR Area reveals several critical points for landlords and small-portfolio investors.
The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1620. However, the market rent data is currently unavailable, making it impossible to directly compare and determine if the rent math works. This lack of data could indicate either an alignment with FMR or significant deviations that would impact profitability.
Regarding the affordability of acquisitions, the median home value is not available, which means we cannot assess whether purchasing properties is financially viable relative to typical income levels. Additionally, the average days on market (DOM) and the percentage of homes needing price cuts are also missing, preventing us from evaluating the competitiveness of the housing market and the potential ease or difficulty of acquiring properties.
Tenant demand can be gauged by looking at the population and the percentage of renters. Unfortunately, the population figure and the percentage of residents who are renters are both currently unknown, leaving us without key insights into the size of the rental market and the potential occupancy rates.
Verdict: The ZIP code 76185 presents a challenge due to incomplete data. While the FMR provides a benchmark for rental pricing at $1620, the absence of market rent data, median home values, days on market, price cut percentages, and tenant demographics makes it difficult to make informed decisions about investment opportunities. Landlords and investors should seek additional sources to fill these data gaps before proceeding with any real estate activities in this 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.