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 | $1,530 |
| 1 Bedroom | $1,580 |
| 2 Bedrooms | $1,860 |
| 3 Bedrooms | $2,340 |
| 4 Bedrooms | $2,980 |
| 5 Bedrooms | $3,457 |
| 6 Bedrooms | $3,872 |
| 7 Bedrooms | $4,182 |
| 8 Bedrooms | $4,391 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,860 | $268,698 | 0.69% | D |
| 3BR | $2,340 | $328,936 | 0.71% | D |
| 4BR | $2,980 | $374,420 | 0.8% | D |
U.S. Census Bureau data (2024)
Lewisville, TX ZIP code 75057 is characterized by a moderately sized population of 17,958 residents, where a significant portion, 64.3%, are renters. This makes it an attractive area for real estate investors interested in rental properties. The median household income in this neighborhood is $82,803, indicating a middle-class community capable of supporting a range of housing options. The median home value stands at $311,796, reflecting a stable and desirable residential market.
The economic landscape for rental properties in ZIP 75057 is favorable for investors. The Fair Market Rent (FMR) set for the zip code for fiscal year 2024 is $1,850, which is notably higher than the current market rent of $1,554, as indicated by the Zillow Observed Rent Index (ZORI). This discrepancy suggests that there is potential for increasing rents towards the FMR level without alienating tenants, especially those who qualify for Section 8 vouchers.
Given these conditions, ZIP 75057 could be well-suited for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the presence of a substantial number of renters and the relatively low market rent compared to the FMR provides a solid foundation for steady, reliable returns through Section 8 participation. On the other hand, for value-add buyers looking to enhance property values, there is room to improve upon existing properties and potentially command higher rents closer to the FMR, thereby increasing their investment's profitability.
Investors should consider the high percentage of renters and the strong local economy when deciding whether to pursue a passive or active investment strategy in this ZIP code. Both approaches can yield positive outcomes, but the choice will depend on the investor's goals and risk tolerance.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.