Location: Dallas, TX | Metro: Dallas, TX HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,720 |
| 1 Bedroom | $1,800 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,640 | $365,414 | 0.72% | D |
| 4BR | $3,360 | $473,413 | 0.71% | D |
| 5BR | $3,898 | $620,711 | 0.63% | D |
U.S. Census Bureau data (2024)
ZIP code 75048 is primarily a homeowner-dominated area with a relatively low percentage of renters at 16.9%. This suggests that the demand for rental properties using Section 8 vouchers is likely to be lower compared to areas with a higher concentration of renters. The median household income in this ZIP code is $131,087, which is significantly higher than the average market rent of $1,743.
To put this into perspective, the typical rent of $1,743 consumes only about 13.2% of the local median income. This indicates that most residents can afford rent without needing assistance. However, the Fair Market Rent (FMR) for this area, set at $2,220 for FY 2024, is higher than the market rent, suggesting that landlords who accept Section 8 vouchers might still find it challenging to match the higher FMR rates.
The kind of tenant profile landlords should expect in ZIP 75048 includes individuals and families who are likely to have higher incomes relative to the national average. These tenants may prefer quality housing and could be willing to pay above the average market rent but below the FMR rate. Landlords should also prepare for a mix of tenants, some of whom might require rental assistance through vouchers, while others can afford market rates.
In summary, ZIP 75048 is not heavily reliant on rental properties, and thus, the pool of potential Section 8 tenants is smaller. The income levels suggest that tenants receiving vouchers would represent a minority, with most able to cover rent independently. Landlords must balance their rental rates between the market average and the FMR to attract both voucher and non-voucher tenants effectively.
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.