Section 8 Fair Market Rent (FMR) for ZIP 75019 - 2027

Investment Score for ZIP 75019

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,730
1 Bedroom	$1,780
2 Bedrooms	$2,100
3 Bedrooms	$2,640
4 Bedrooms	$3,360
5 Bedrooms	$3,898
6 Bedrooms	$4,366
7 Bedrooms	$4,715
8 Bedrooms	$4,951

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$2,100	$276,013	0.76%	D
3BR	$2,640	$458,279	0.58%	F
4BR	$3,360	$711,582	0.47%	F
5BR	$3,898	$909,180	0.43%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 75019 (Coppell, TX) #### Section 8 Voucher Dynamics In ZIP code 75019, the Fair Market Rent (FMR) for a two-bedroom apartment is set at $2240 per month for the year 2026. This amount represents 18.9% of the median household income in Coppell, which stands at $141,923. The FMR for a two-bedroom unit is significantly lower than the actual median rent price reported by Zillow, which is $283,876. This discrepancy translates into a price-to-FMR ratio of 10.6x, indicating that the actual market rent is much higher than the FMR. For Section 8 voucher holders, the $2240 FMR is the maximum amount that can be paid towards rent for a two-bedroom unit. However, given that the average market rent far exceeds this amount, voucher holders face significant constraints in finding suitable housing. They would need to find landlords willing to accept the voucher amount, which might limit their options to less desirable units or locations within the ZIP code. #### Affordability & Renter Profile The ZIP code has a population of 44,917, with 36.7% of residents being renters. This suggests a substantial rental market, but the occupancy rate of 96.7% indicates that the market is quite tight. Given the high median household income and the relatively low percentage of renters, it is likely that those who do rent in this area are either young professionals, families who prefer renting over buying due to the high home prices, or individuals who are transitioning between homes. The high median household income and the tight rental market suggest that there is a strong demand for rental properties, but the affordability gap is considerable. For instance, a two-bedroom apartment priced at $283,876 would require a monthly mortgage payment of approximately $1,200 based on a 4.5% interest rate and a 30-year term. This makes owning a home more financially viable for many residents compared to renting, especially considering the high rent prices. #### Investor Angle From an investor perspective, the ZIP code presents a challenging environment for cash flow positive investments at the FMR level. With the FMR for a two-bedroom unit at $2240, and the actual median rent price at $283,876, it is clear that the rental market is not aligned with the FMR. Investors looking to attract Section 8 voucher holders would need to consider the limited pool of potential tenants and the possibility of lower occupancy rates if they price their units at or below the FMR. The investment grade for this ZIP code would likely be rated as low to medium, given the high cost of acquiring rental properties and the limited number of tenants able to pay the full FMR. Additionally, the tight rental market means that there is a risk of competition from other investors who might offer higher rents to non-voucher holders, further squeezing the profitability of Section 8-focused investments. #### Specific Actionable Insights 1. **Target Lower-Rent Properties**: Investors should focus on properties with fewer bedrooms, such as one-bedroom apartments, where the FMR is $1910. This could provide a better chance of attracting voucher holders while still maintaining some level of profitability. 2. **Consider Location and Amenities**: Since the market is tight, investors might benefit from targeting areas within ZIP code 75019 that are slightly less desirable or offering additional amenities that could justify a higher rent within the FMR range. For example, units with updated kitchens or bathrooms might be more attractive to voucher holders. 3. **Evaluate Long-Term Potential**: While the immediate cash flow might be challenging, investors should also consider the long-term appreciation potential of properties in this ZIP code. The high median household income and strong demand for rentals could lead to increased property values over time, providing a solid return on investment even if short-term cash flow is modest. #### Bottom Line Given the high median household income, tight rental market, and the significant gap between FMR and actual market rents, the recommendation for Section 8-focused investors in ZIP code 75019 is to **Skip**. The likelihood of achieving positive cash flow at the FMR level is low, and the competitive nature of the rental market means that attracting and retaining voucher holders could be difficult. Instead, investors might want to explore ZIP codes with a higher percentage of renters and a closer alignment between FMR and actual market rents.

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.