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 | $1,560 |
| 1 Bedroom | $1,610 |
| 2 Bedrooms | $1,890 |
| 3 Bedrooms | $2,380 |
| 4 Bedrooms | $3,030 |
| 5 Bedrooms | $3,515 |
| 6 Bedrooms | $3,937 |
| 7 Bedrooms | $4,252 |
| 8 Bedrooms | $4,465 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,890 | $371,843 | 0.51% | F |
| 3BR | $2,380 | $389,551 | 0.61% | D |
| 4BR | $3,030 | $511,969 | 0.59% | F |
| 5BR | $3,515 | $1,246,242 | 0.28% | F |
U.S. Census Bureau data (2024)
The ZIP code 75069 in McKinney, TX, has a population of 40,032 residents, with 47.6% being renters. This indicates a significant portion of the population relies on rental housing, making it a viable market for landlords and small-portfolio investors. However, the median household income stands at $85,327, which suggests that while there is a substantial renter base, the demand for Section 8 vouchers might be less intense compared to areas with lower incomes.
The typical market rent in this ZIP is $1,580 per month, which accounts for approximately 18.5% of the median household income. This percentage is relatively low, indicating that most residents can afford higher rents without relying heavily on government assistance. For context, the Fair Market Rent (FMR) for the area is set at $1,730 per month for FY 2024, slightly above the current market rent but still within reach for many households given their income levels.
A landlord operating in ZIP 75069 should expect tenants who are capable of paying market rates and possibly even higher. The tenant profile will likely include individuals and families who are employed and earning incomes close to or above the median. While there will be some Section 8 tenants, the overall demand for deeply subsidized housing is not expected to be overwhelming due to the relatively high median income. Investors should focus on properties that offer good value for the price, as they will attract a broad range of tenants willing to pay competitive rents.
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.