Location: Fort Worth-Arlington, TX | Metro: Fort Worth-Arlington, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,450 |
| 1 Bedroom | $1,470 |
| 2 Bedrooms | $1,730 |
| 3 Bedrooms | $2,260 |
| 4 Bedrooms | $2,840 |
| 5 Bedrooms | $3,294 |
| 6 Bedrooms | $3,689 |
| 7 Bedrooms | $3,984 |
| 8 Bedrooms | $4,183 |
The HUD Fair Market Rent (FMR) for ZIP code 76485 in Fort Worth-Arlington, Texas, for fiscal year 2024 is set at $1530. This figure represents the maximum amount that a Section 8 tenant can pay towards rent in the area. However, the current market rent for the same zip code is not available, which makes it challenging to provide a direct comparison. Based on the HUD FMR alone, landlords and small-portfolio investors can expect that voucher tenants will cashflow at the FMR rate, assuming the FMR closely aligns with actual market conditions.
The median home value in ZIP 76485 is also not available, but this data point is crucial for deriving the rent-to-price ratio. This ratio helps investors understand how much they could potentially earn from renting versus selling their properties. Without the median home value, we cannot calculate this ratio directly; however, the lack of this information suggests that the housing market in this area might be less transparent or volatile compared to other regions.
The number of days on market (DOM) and the percentage of price cuts are not available for ZIP 76485. These metrics are typically indicative of the local rental market's health and competition. While these specific figures are missing, the stability of the HUD FMR provides a reliable benchmark for rental pricing, ensuring that landlords can maintain consistent income levels from voucher tenants.
The strongest angle for investors in ZIP 76485 is likely cashflow, given the established HUD FMR of $1530. With proper management and unit selection, landlords can ensure positive cashflow from Section 8 tenants, making it an attractive option for those seeking steady rental income without the need for speculative investments in property appreciation or market volatility.
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.