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Tarrant County/Fort Worth/76120

76120

ZIPSAFMR
Tarrant County, TX
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$1,360$860
1 BR$1,370$1,050
2 BR$1,620$1,780
3 BR$2,120$2,080
4 BR$2,660$2,420
5 BR$3,059Not available
6 BR$3,518Not available
7 BR$4,046Not available
8 BR$4,652Not available

Purchase Price Calculator

Maximum purchase price
$202,591

Cost breakdown

+Likely effective rent$1,780
HUD FMR$1,620
Market rent$1,990
Est. payment standard (110%)Used$1,780
-Principal and interest-$1,024
Loan amount$162,073
Down payment$40,518
Rate6.50%
Term30 years
-Operating costs-$556
Property taxes-$203
Insurance-$175
Utilities$0
HOA$0
Management-$178
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,584(70.5% ROI)
Projected value
$218,168
Return breakdown
Property appreciation+$15,577
Loan principal paid down+$5,807
Rental cash flow+$7,200
5-year hold
+$48,977(120.9% ROI)
Projected value
$229,213
Return breakdown
Property appreciation+$26,622
Loan principal paid down+$10,355
Rental cash flow+$12,000
10-year hold
+$105,416(260.2% ROI)
Projected value
$259,333
Return breakdown
Property appreciation+$56,743
Loan principal paid down+$24,674
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.58
1 BR
1.30
2 BR
0.81
3 BR
1.02
4 BR
1.10
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 76120 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 76120 (Fort Worth, TX) is $1,620 a month. That is unchanged from FY 2026. Fort Worth is in the Fort Worth-Arlington, TX HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 96 ZIP codes in Tarrant County, 76120 has the 75th-highest two-bedroom rent (county range $1,230–$2,620). The median county two-bedroom FMR in Texas is $1,105, so ZIP 76120 is 47% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 76120
BedroomsFY 2027Change90–110% range
Studio$1,360+1.5%$1,224–$1,496
1BR$1,370−1.4%$1,233–$1,507
2BR$1,6200.0%$1,458–$1,782
3BR$2,120−0.9%$1,908–$2,332
4BR$2,660+0.4%$2,394–$2,926

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 76120
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,360$1,370$1,620$2,120$2,660
FY 2026$1,340$1,390$1,620$2,140$2,650
FY 2025$1,290$1,370$1,600$2,120$2,580
FY 2024$1,170$1,280$1,490$1,980$2,410
FY 2023$1,010$1,140$1,340$1,770$2,200

Two-bedroom rent in nearby Tarrant County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 76120
76113$1,750+8.0%
76114$1,450−10.5%
76115$1,420−12.3%
76116$1,500−7.4%
76117$1,470−9.3%
76118$1,750+8.0%
76119$1,390−14.2%
76120Current$1,620—
76121$1,750+8.0%
76123$2,560+58.0%
76124$1,750+8.0%
76126$1,960+21.0%

Questions about ZIP 76120 rents

How much will Section 8 pay for a two-bedroom in ZIP 76120?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,620, that basic range is $1,458 to $1,782 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 76120 in?

ZIP 76120 is in the Fort Worth-Arlington, TX HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 76120 for FY 2027?

The two-bedroom FMR was unchanged at $1,620 in FY 2027. Since FY 2023 it has risen 20.9%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentFort Worth, TX fair market rentTX statewide rentsWhat is SAFMR?Data sources