Section 8 Fair Market Rent (FMR) for ZIP 75080 - 2027

Investment Score for ZIP 75080

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	$1,720
1 Bedroom	$1,770
2 Bedrooms	$2,080
3 Bedrooms	$2,620
4 Bedrooms	$3,330
5 Bedrooms	$3,863
6 Bedrooms	$4,327
7 Bedrooms	$4,673
8 Bedrooms	$4,907

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	$1,770	$162,962	1.09%	B
2BR	$2,080	$245,313	0.85%	C
3BR	$2,620	$395,145	0.66%	D
4BR	$3,330	$619,403	0.54%	F
5BR	$3,863	$823,643	0.47%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 75080 (Richardson, TX) #### Section 8 Voucher Dynamics In ZIP code 75080, the Fair Market Rent (FMR) for a two-bedroom apartment is set at $2160 per month for 2026. This figure represents 27.9% of the median household income in the area, which stands at $92,903. However, the actual median rent price for a two-bedroom unit on Zillow is significantly higher at $242,886, translating to a monthly rent of approximately $2024 based on typical mortgage payments and property taxes. The price-to-FMR ratio of 9.4x indicates that the actual market rent is much higher than the FMR, suggesting that many Section 8 voucher holders may struggle to find housing that fits within their budget constraints. Given that the FMR for a two-bedroom unit is $2160, but the actual median rent is around $2024, it appears that there might be some discrepancy or additional factors affecting the affordability for voucher holders. For instance, landlords may require additional criteria such as credit scores or rental history that can limit the pool of eligible tenants. Moreover, the high price-to-FMR ratio implies that even if voucher holders can find units within the FMR range, they may face competition from other renters willing to pay higher market rates. #### Affordability & Renter Profile ZIP code 75080 has a population of 52,569, with 45.4% of residents being renters. The occupancy rate of 94.4% suggests that the rental market is quite tight, with most available units quickly occupied. Given the median household income of $92,903, the majority of renters in this area likely have stable employment and can afford higher rents. However, the significant portion of residents who rely on Section 8 vouchers indicates a substantial need for affordable housing. The high rent-to-income ratio of 27.9% for a two-bedroom unit at $2160 means that even without considering utilities and other expenses, a considerable share of the median household income is dedicated to rent. This tight financial situation can make it challenging for voucher holders to secure housing, especially when competing against non-voucher renters who may be willing to pay more. #### Investor Angle From an investor perspective, the ZIP code 75080 presents a mixed picture. While the median rent for a two-bedroom unit is around $2024, the FMR of $2160 provides a baseline for what Section 8 voucher holders can afford. However, given the high price-to-FMR ratio of 9.4x, it is clear that the actual market rents far exceed the FMR. To determine if this ZIP code is cash-flow positive at FMR, we must consider the typical costs associated with owning and managing rental properties. Assuming a conservative estimate of 10% of the purchase price for annual maintenance and property management fees, the cost for a two-bedroom unit would be around $24,288.60 per year, or $2024 per month. This aligns closely with the actual median rent but falls below the FMR of $2160. Therefore, while investors could potentially achieve positive cash flow by renting at the FMR, they would likely be pricing below the market average, which could impact their overall profitability. The investment grade for this ZIP code is moderate to low due to the tight rental market and the high price-to-FMR ratio. Investors should carefully evaluate the potential for long-term stability and the ability to attract and retain Section 8 voucher holders, given the stringent requirements and limited supply of affordable units. #### Specific Actionable Insights 1. **Focus on Affordable Units**: Investors should prioritize developing or acquiring units that fall within the FMR range. For example, a two-bedroom unit priced at $2160 would be attractive to Section 8 voucher holders. This strategy could help secure a steady stream of tenants and ensure compliance with federal guidelines. 2. **Consider Mixed-Income Developments**: To balance the need for affordable housing with market realities, investors might explore mixed-income developments where a portion of units are reserved for Section 8 voucher holders, while others are rented at market rates. This approach can help mitigate financial risks and provide a broader range of options for residents. 3. **Engage with Local Housing Authorities**: Building strong relationships with local housing authorities can provide insights into the demand for Section 8 units and streamline the process of securing tenants. Additionally, these partnerships can offer opportunities for subsidies or incentives that can improve the financial viability of affordable housing investments. #### Bottom Line For Section 8-focused investors, the ZIP code 75080 presents a challenging environment due to the high price-to-FMR ratio and the tight rental market. While there is a significant demand for affordable housing, the actual market rents far exceed the FMR, making it difficult to achieve both positive cash flow and full occupancy solely through Section 8 vouchers. **Recommendation**: **Skip**. The high price-to-FMR ratio and tight market conditions suggest that investors may struggle to find a balance between attracting Section 8 voucher holders and achieving profitability. Unless investors can secure additional subsidies or develop a mixed-income strategy, the ZIP code 75080 is not recommended for those focusing exclusively on Section 8 properties.

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.