Section 8 Fair Market Rent (FMR) for ZIP 75061 - 2027

Investment Score for ZIP 75061

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	$1,310
1 Bedroom	$1,350
2 Bedrooms	$1,590
3 Bedrooms	$2,000
4 Bedrooms	$2,540
5 Bedrooms	$2,946
6 Bedrooms	$3,300
7 Bedrooms	$3,564
8 Bedrooms	$3,742

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	$1,350	$139,703	0.97%	C
2BR	$1,590	$218,736	0.73%	D
3BR	$2,000	$294,817	0.68%	D
4BR	$2,540	$376,554	0.67%	D
5BR	$2,946	$486,319	0.61%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 75061 (Irving, TX) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) figures for Irving, TX (ZIP code 75061) in 2026 indicate that the rent for a two-bedroom unit is set at $1720. This amount represents 32.4% of the median household income in the area, which stands at $63,798. However, it is important to note that the actual rental market prices can differ significantly from these FMR values. According to Zillow, the median price for a two-bedroom home in this ZIP code is $220,469, which translates to a price-to-FMR ratio of approximately 10.7 times. This suggests that actual rents in the area could be much higher than the FMR. For voucher holders, this means that while they might be able to afford units priced at the FMR, they would face significant challenges finding landlords willing to accept their vouchers due to the disparity between FMR and market rents. The high price-to-FMR ratio indicates that landlords may prefer to rent to non-voucher tenants who can pay the full market rate. #### Affordability & Renter Profile In ZIP code 75061, 59.0% of the population are renters, indicating a strong demand for rental properties. With a median household income of $63,798, many residents rely on affordable housing options. The occupancy rate of 92.7% further underscores the tightness of the market, suggesting that there is little vacancy and competition among renters is high. Given the high percentage of renters and the relatively low median income, it is likely that the majority of residents are looking for affordable housing solutions. The FMR figures provide a benchmark for what is considered affordable, but the reality is that many units in the market are priced well above these levels. Therefore, the market is quite tight, especially for those relying on Section 8 vouchers. #### Investor Angle From an investor perspective, the key question is whether properties can generate positive cash flow when rented at FMR rates. Given the high price-to-FMR ratio, it is clear that renting at FMR would not cover the full cost of ownership for most properties. For instance, a two-bedroom property priced at $1720 per month would need to generate substantial equity appreciation to justify the investment. The investment grade for this ZIP code would be considered low, primarily because the gap between FMR and market rents is so wide. Investors who are solely focused on Section 8 vouchers would find it challenging to achieve positive cash flow, as the rents they can charge are significantly lower than market rates. Additionally, the high occupancy rate suggests that there is limited opportunity for increasing rents through vacancy. #### Specific Actionable Insights 1. **Focus on Affordable Housing Units**: Investors should target properties that are already priced close to or below the FMR. A two-bedroom unit priced at $1720 or less would be more attractive to voucher holders and potentially easier to manage. 2. **Consider Multi-Family Properties**: Given the high renter percentage and tight market, multi-family properties might offer better opportunities for positive cash flow. These properties can benefit from economies of scale and potentially have a mix of tenants, including some who do not rely on vouchers. 3. **Explore Government Programs**: Since the market is tight and rents are high, exploring government programs that subsidize rents or provide additional incentives for affordable housing could be beneficial. This might include Low-Income Housing Tax Credits (LIHTC) or other local initiatives aimed at making housing more accessible. #### Bottom Line For investors focusing exclusively on Section 8 vouchers, the ZIP code 75061 presents a challenging environment. The high price-to-FMR ratio and tight market conditions make it difficult to achieve positive cash flow. Therefore, the recommendation is to **skip** this ZIP code unless you can find properties priced very close to the FMR or are willing to explore alternative government programs to enhance affordability. --- This analysis provides a detailed look into the dynamics of the rental market in ZIP code 75061, highlighting the challenges and opportunities for Section 8-focused investors. The data clearly shows a mismatch between FMR and market rents, which impacts both affordability and investment potential.

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.