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 | $1,910 |
| 1 Bedroom | $1,970 |
| 2 Bedrooms | $2,320 |
| 3 Bedrooms | $2,920 |
| 4 Bedrooms | $3,710 |
| 5 Bedrooms | $4,304 |
| 6 Bedrooms | $4,820 |
| 7 Bedrooms | $5,206 |
| 8 Bedrooms | $5,466 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,320 | $286,178 | 0.81% | C |
| 3BR | $2,920 | $450,146 | 0.65% | D |
| 4BR | $3,710 | $547,188 | 0.68% | D |
| 5BR | $4,304 | $635,802 | 0.68% | D |
U.S. Census Bureau data (2024)
The ZIP code 75082 in Richardson, TX, is characterized by a significant rental population, with 54.7% of residents being renters. This indicates a robust demand for rental properties, suggesting that there could be a substantial number of tenants eligible for Section 8 housing vouchers. However, the median household income of $110,534 is notably high, which means that the typical rent of $1,665 represents only about 15% of the average monthly income. In comparison, the Fair Market Rent (FMR) for the area, set at $2,400 for FY 2024, is higher than the market rent, implying that many potential Section 8 tenants might find it easier to secure housing without relying on vouchers.
The high median income suggests that the majority of residents can afford market-rate rents without assistance, reducing the overall dependency on Section 8 vouchers. Despite this, the sizeable percentage of renters in the area still makes it a viable option for landlords looking to attract voucher holders. However, the competition for these tenants may be intense due to the high demand for affordable housing options relative to the income levels of the residents.
A landlord in ZIP 75082 should anticipate a tenant pool that includes a mix of individuals and families who might benefit from Section 8 vouchers but also have access to other financial resources. Given the high median income, tenants may be more likely to have stable employment and a better ability to meet their financial obligations, including rent and utilities. Landlords will need to balance the benefits of having a stable tenant base with the administrative requirements of accepting Section 8 vouchers.
To summarize, while ZIP 75082 has a substantial rental population, the relatively high income levels mean that typical market rents consume a smaller portion of monthly income compared to the FMR. This suggests that landlords in this area can expect a diverse tenant pool, with some voucher holders alongside those able to pay market rates independently.
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.