Location: Dallas, TX | Metro: Dallas, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,710 |
| 1 Bedroom | $1,760 |
| 2 Bedrooms | $2,070 |
| 3 Bedrooms | $2,610 |
| 4 Bedrooms | $3,310 |
| 5 Bedrooms | $3,840 |
| 6 Bedrooms | $4,301 |
| 7 Bedrooms | $4,645 |
| 8 Bedrooms | $4,877 |
The ZIP code 75026 in Dallas County stands out due to the lack of comprehensive demographic data available, which includes the number of residents, the percentage of renters, median income, and median home value. This scarcity of detailed information can make it challenging for landlords and small-portfolio investors to assess the overall economic health and rental trends of the area.
Despite these gaps, the Fair Market Rent (FMR) data for ZIP 75026 provides a crucial insight into the rental economics for Section 8 voucher holders. For fiscal year 2024, the FMR is set at $2070. This figure serves as a benchmark for the maximum rental amount that can be charged to tenants using Section 8 vouchers, ensuring affordability while also providing a minimum guaranteed rent for landlords who participate in the program.
While the FMR offers a clear guideline for rental rates, the absence of comparative market data means that landlords cannot easily gauge how the FMR aligns with the broader rental market in ZIP 75026. Without this context, it's difficult to determine if the FMR accurately reflects the local housing costs or if there might be opportunities for adjusting rents based on supply and demand dynamics outside of the voucher program.
In summary, the data signature for ZIP 75026 reads as transitional. The limited availability of key demographic and economic indicators suggests an area that may be undergoing changes or where recent updates have not been fully captured. Landlords should approach investments in this ZIP code with caution, relying heavily on the FMR for Section 8 vouchers but also seeking additional local insights to understand the evolving rental landscape.
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.