Section 8 Fair Market Rent (FMR) for ZIP 75060 - 2027

Investment Score for ZIP 75060

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	$1,330
1 Bedroom	$1,370
2 Bedrooms	$1,610
3 Bedrooms	$2,030
4 Bedrooms	$2,580
5 Bedrooms	$2,993
6 Bedrooms	$3,352
7 Bedrooms	$3,620
8 Bedrooms	$3,801

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
1BR	$1,370	$173,533	0.79%	D
2BR	$1,610	$222,117	0.72%	D
3BR	$2,030	$289,420	0.7%	D
4BR	$2,580	$351,012	0.74%	D
5BR	$2,993	$455,900	0.66%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 75060 (Irving, TX) #### Section 8 Voucher Dynamics In ZIP code 75060, the Fair Market Rent (FMR) figures for 2026 are as follows: - 0BR: $1430 - 1BR: $1490 - 2BR: $1750 - 3BR: $2200 - 4BR: $2800 The FMR for a 2BR unit is $1750, which represents 29.3% of the median household income of $71,575. This suggests that a significant portion of the population could potentially qualify for Section 8 vouchers, given the rent-to-income ratio. However, the actual rents in the area are much higher. According to Zillow, the median price for a 2BR home is $224,102, which translates to a monthly rental cost of approximately $1070 based on typical mortgage payments. The price-to-FMR ratio of 10.7x indicates that the actual rental costs are significantly above the FMR, making it challenging for voucher holders to find suitable housing within their budget. For instance, a 2BR unit priced at $224,102 would have a monthly rental cost of around $1070 if we assume a 5% annual return on investment, which is far below the FMR of $1750. Thus, voucher holders are constrained by the high cost of living in Irving, TX. #### Affordability & Renter Profile ZIP code 75060 has a population of 47,591, with 35.1% of residents being renters. This indicates a substantial demand for rental properties. Given the occupancy rate of 94.9%, the market is quite tight, suggesting that there is little room for oversupply. The median household income of $71,575 implies that many residents are middle-class workers who might struggle to afford the high rental prices without assistance. The high price-to-FMR ratio further underscores the affordability challenge faced by renters, particularly those relying on Section 8 vouchers. #### Investor Angle From an investor perspective, the ZIP code 75060 presents a mixed picture. The FMR for a 2BR unit is $1750, but the actual median rental price based on Zillow data is approximately $1070. This means that investors who can secure properties at or near the FMR level will likely see positive cash flow, especially if they can leverage Section 8 vouchers. However, the challenge lies in finding properties that are both affordable and meet the quality standards required for Section 8 participation. The high price-to-FMR ratio suggests that most properties are overpriced relative to the FMR, making it difficult to achieve cash flow positivity unless the investor can negotiate lower purchase prices or find distressed properties. #### Investment Grade Given the tight market conditions and the high price-to-FMR ratio, the investment grade for ZIP code 75060 is moderate. While there is a strong demand for rental properties, the high costs associated with purchasing and maintaining properties at the FMR level pose significant challenges. Investors should carefully evaluate the potential for long-term profitability and consider the impact of rising maintenance and operational costs. #### Specific Actionable Insights 1. **Target Properties Below FMR**: Investors should focus on acquiring properties that are priced below the FMR. For example, a 2BR property priced at $1750 per month would be ideal for Section 8 tenants. This requires identifying undervalued or distressed properties in the area. 2. **Consider Renovation Projects**: Given the high price-to-FMR ratio, investors might find value in purchasing older properties that need renovations. By bringing these properties up to code and securing them at the FMR level, investors can ensure positive cash flow while providing affordable housing options. 3. **Engage with Local Housing Authorities**: Building relationships with local housing authorities can provide insights into the availability of Section 8 vouchers and help navigate the complexities of participating in the program. This can also lead to preferential treatment in securing properties for voucher holders. #### Bottom Line For Section 8-focused investors, the recommendation for ZIP code 75060 is to **Hold**. While there is a strong demand for affordable housing, the high actual rental prices make it challenging to find properties that offer positive cash flow at the FMR levels. Investors should proceed cautiously, focusing on properties that are undervalued or require renovation to bring them within the FMR range. Additionally, engaging with local housing authorities can provide valuable opportunities to participate in the Section 8 program effectively. --- This analysis provides a detailed overview of the rental market dynamics in ZIP code 75060, highlighting the challenges and opportunities for Section 8-focused investors. It emphasizes the importance of targeting properties that align with FMR guidelines and the necessity of considering renovation projects to improve affordability and cash flow.

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.