Section 8 Fair Market Rent (FMR) for ZIP 75093 - 2027

Investment Score for ZIP 75093

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	$1,870
1 Bedroom	$1,930
2 Bedrooms	$2,270
3 Bedrooms	$2,860
4 Bedrooms	$3,630
5 Bedrooms	$4,211
6 Bedrooms	$4,716
7 Bedrooms	$5,093
8 Bedrooms	$5,348

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$2,270	$357,225	0.64%	D
3BR	$2,860	$462,842	0.62%	D
4BR	$3,630	$766,554	0.47%	F
5BR	$4,211	$1,125,618	0.37%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 75093 (Plano, TX) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) for ZIP code 75093, as set by HUD for 2026, is $2480 for a two-bedroom apartment. However, the Zillow median price for a two-bedroom home in this area is significantly higher at $361,563. This indicates that the actual rental market in Plano is much more expensive than the FMR, which is a critical factor for Section 8 voucher holders. The price-to-FMR ratio of 12.1x suggests that landlords who accept Section 8 vouchers would be renting their properties at a fraction of the market rate. This can create financial constraints for landlords, especially when considering the maintenance and operational costs associated with rental properties. #### Affordability & Renter Profile ZIP code 75093 has a median household income of $124,563, which places it among the higher-income areas in Collin County. Given that 40.9% of the population are renters, this implies a significant portion of the community relies on rental housing. The occupancy rate of 95.8% indicates a robust demand for rental units, suggesting that the market is relatively tight. For those who rent, the high median income means they could potentially afford higher rents, but the 23.9% of median income required for a two-bedroom apartment under the FMR still represents a substantial portion of their earnings. This makes the ZIP code a challenging environment for lower-income renters, particularly those relying on Section 8 vouchers. #### Investor Angle From an investor’s perspective, the FMR for a two-bedroom apartment in ZIP code 75093 is $2480. Considering the Zillow median price of $361,563, the potential cash flow from accepting Section 8 vouchers would need to be carefully evaluated. At the FMR, the rental income would likely not cover the mortgage payments, property taxes, insurance, and maintenance costs associated with owning a property valued at $361,563. Therefore, the investment grade for this ZIP code would be considered low for Section 8-focused investors due to the limited financial returns. #### Specific Actionable Insights 1. **Focus on Smaller Units**: Given the high price-to-FMR ratio, investors should consider focusing on smaller units such as one-bedroom apartments. The FMR for a one-bedroom unit is $2120, which is still far below the market value but might offer better cash flow compared to larger units. Additionally, there is a strong demand for one-bedroom units from single professionals and young couples who may find the larger units too expensive. 2. **Consider Non-Section 8 Tenants**: Due to the tight rental market and high median income, landlords might find it more financially viable to target non-Section 8 tenants who can pay closer to market rates. This would ensure a better return on investment and reduce the risk of financial strain. Landlords could also explore offering amenities that attract higher-paying tenants, such as fitness centers, swimming pools, or upgraded finishes. 3. **Evaluate Property Location**: The desirability of a property within ZIP code 75093 can vary based on its location within the ZIP. Areas closer to employment hubs, schools, and public transportation might command higher rents even if they are below market rates. Investors should conduct a thorough analysis of the specific location within the ZIP to determine the optimal balance between rental income and property expenses. #### Bottom Line Given the high price-to-FMR ratio and the tight rental market in ZIP code 75093, the recommendation for Section 8-focused investors is to **Skip** this ZIP. The financial constraints imposed by the FMR make it difficult to achieve positive cash flow, especially when compared to the median home values. Investors seeking to maximize returns would be better served by exploring other ZIP codes with more favorable price-to-FMR ratios and less competitive rental markets.

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.