Location: Dallas, TX | Metro: Dallas, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,420 |
| 1 Bedroom | $1,460 |
| 2 Bedrooms | $1,720 |
| 3 Bedrooms | $2,170 |
| 4 Bedrooms | $2,750 |
| 5 Bedrooms | $3,190 |
| 6 Bedrooms | $3,573 |
| 7 Bedrooms | $3,859 |
| 8 Bedrooms | $4,052 |
The economics of Section 8 housing in ZIP code 75085, located in Dallas County, Texas, are defined by the SAFMR (Small Area Fair Market Rent) which is specifically tailored for this region. For a two-bedroom apartment, the SAFMR for fiscal year 2024 is set at $1680 per month. This figure represents the maximum amount that a landlord can receive from the housing authority if a tenant uses a Section 8 voucher.
A voucher holder is required to contribute a portion of their income towards the rent. Typically, this contribution is 30% of their adjusted monthly income. The housing authority then pays the difference between the tenant's contribution and the SAFMR, up to the voucher limit. Utility allowances are also factored into the total payment, but these are generally lower and do not significantly impact the overall reimbursement rate.
To illustrate, let's assume a tenant has an adjusted monthly income of $1000. Their contribution would be $300 (30% of $1000). If the landlord charges the full SAFMR of $1680, the housing authority would cover the remaining $1380. However, the actual reimbursement to the landlord could be less if the tenant's contribution plus the housing authority's payment exceeds $1680.
In ZIP 75085, the local market rent is currently unknown, making it difficult to provide a direct comparison. However, the SAFMR is designed to reflect the average market conditions in the area, ensuring that landlords are paid a fair rate based on the local rental market.
The typical reimbursement gap or surplus for a two-bedroom unit in this ZIP code is calculated by subtracting the tenant's contribution from the SAFMR. Given the example above, the landlord would receive a total of $1680, with the tenant paying $300 and the housing authority covering $1380. Therefore, there is no surplus or deficit in this scenario, as the SAFMR is structured to cover the full rent when combined with the tenant's contribution.
Landlords should note that while the SAFMR provides a stable income source, it is capped and does not adjust for individual market fluctuations beyond this set rate. It is crucial to ensure that your rental property meets all the necessary quality standards to qualify for Section 8 tenancy, as the program aims to provide safe and decent housing to eligible families.
Data Sources: FMR data from HUD (2027).
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.