Section 8 Fair Market Rent (FMR) for ZIP 75030 - 2027

FY 2027 Fair Market Rent Rates

The economics of Section 8 in ZIP code 75030, located in Dallas County, Texas, are straightforward. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code for fiscal year 2024 is set at $1680. This figure represents the maximum amount that the housing authority will reimburse landlords for rent under the Section 8 program.

To understand what a voucher actually pays, it's important to factor in the tenant's portion of the rent and any utility allowances. Typically, the tenant is required to pay 30% of their adjusted income towards rent. For instance, if a tenant's adjusted income is $1800 per month, they would pay $540 ($1800 * 0.30) towards the rent. The remaining amount up to the SAFMR of $1680 would be covered by the housing authority.

Utility allowances can vary but generally range from $200 to $300 per month, depending on the specific circumstances and needs of the tenant. These allowances are not part of the rent reimbursement but are separate payments made directly to the tenant to cover utilities such as electricity, water, and gas.

In ZIP 75030, the SAFMR of $1680 is the ceiling for rent reimbursement. If the local market rent for a two-bedroom unit is higher than this amount, landlords will face a reimbursement gap. Conversely, if the market rent is lower, landlords might see a surplus. However, since the local market rent is listed as N/A, we cannot determine whether there is a surplus or a gap without additional data.

To illustrate the reimbursement process, let's assume the local market rent for a two-bedroom unit is $1800. In this case, the housing authority would only reimburse up to $1680, leaving a reimbursement gap of $120 per month for the landlord. If the market rent were lower, say $1500, then the landlord would receive the full $1500 plus the utility allowance, resulting in a surplus.

Landlords should also be aware that the SAFMR is subject to annual adjustments based on changes in the local rental market and cost of living. Therefore, it's crucial to monitor these changes to manage expectations and financial planning effectively.

In summary, for ZIP 75030, the SAFMR for a two-bedroom apartment is $1680. Landlords must consider the tenant's contribution and utility allowances when calculating the total compensation under the Section 8 program. Without specific market rent data, the reimbursement gap or surplus cannot be precisely quantified, but it is clear that the SAFMR sets a firm limit on the rent reimbursement.

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.