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 | $1,960 |
| 2 Bedrooms | $2,310 |
| 3 Bedrooms | $2,910 |
| 4 Bedrooms | $3,700 |
| 5 Bedrooms | $4,292 |
| 6 Bedrooms | $4,807 |
| 7 Bedrooms | $5,192 |
| 8 Bedrooms | $5,452 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,310 | $269,254 | 0.86% | C |
| 3BR | $2,910 | $344,921 | 0.84% | C |
| 4BR | $3,700 | $459,106 | 0.81% | C |
| 5BR | $4,292 | $602,648 | 0.71% | D |
U.S. Census Bureau data (2024)
Wylie, Texas, located in ZIP code 75098, is characterized as a rapidly growing suburban community within Collin County that maintains a "small-town" atmosphere despite its proximity to Dallas. The area is largely residential with expanding master-planned developments and features the Lavon Lake shoreline to the east, which provides local recreational amenities. Major employment accessibility is bolstered by the nearby CityLine business district in Richardson, housing significant employers such as State Farm and Raytheon, offering a stable economic base for potential tenants.
From a financial perspective, the data reveals a distinct spread between subsidized and market rates. The FY2026 HUD Fair Market Rent for a 2-bedroom unit is set at $2,490, while the current market rent (Zillow ZORI) sits at $1,928, creating a gap of $562. This variance allows for potential premiums when accepting vouchers, though the median home value stands at $423,154. Properties are moving at a moderate pace, with a median of 76 days on market, suggesting a balanced environment that is neither overheated nor stagnant.
The tenant pool is defined by strong demographic fundamentals. With a median household income of $122,089 and a renter share of only 20.1%, the population is predominantly owner-occupied and affluent. This economic health is reflected in the local Wylie Independent School District, which generally earns high ratings for its campuses. While the high income suggests lower voucher prevalence overall, the quality of schools and suburban safety make the area attractive for families seeking long-term housing stability through the Housing Choice Voucher program.
The Section 8 verdict for Wylie 75098 leans toward stability and appreciation rather than aggressive cash flow. While the $562 gap between the $2,490 FMR and $1,928 market rent provides a cushion, the high median home value and low renter share point toward a market better suited for investors seeking property appreciation and quality tenants. The high median income of local residents reduces the risk of neighborhood decline, supporting long-term asset growth for voucher-accepting landlords.
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.