Section 8 Fair Market Rent (FMR) for ZIP 75101 - 2027
Location: Dallas, TX | Metro: Dallas, TX HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,170 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,790 |
| 4 Bedrooms | $2,270 |
| 5 Bedrooms | $2,633 |
| 6 Bedrooms | $2,949 |
| 7 Bedrooms | $3,185 |
| 8 Bedrooms | $3,344 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$61,000
The ZIP code 75101, located in Dallas, Texas, is a vibrant urban area with a mix of residential and commercial properties. It offers investors opportunities in both rental and homeownership markets, with a significant portion of residents being renters. Here's a concise market analysis based on recent data:
- The Fair Market Rent (FMR) for ZIP 75101 in fiscal year 2024 is set at $1,380. This figure represents the benchmark for what the government considers a reasonable rent for a two-bedroom apartment, providing a guideline for rental pricing.
- Average market rent in the area is currently $1,283, according to the latest Census American Community Survey (ACS) data. This indicates that the actual rents are slightly below the FMR, offering a potential margin for landlords to increase their rates without pricing out tenants.
- The median income for residents in ZIP 75101 is $61,000. This economic indicator suggests that there is a stable middle-class population capable of sustaining rental prices at or near the FMR level.
- Renters make up 43.1% of the housing market in ZIP 75101, indicating a strong demand for rental properties. This high percentage of renters supports the viability of investment in rental units over homeownership opportunities.
- Median home value data is not available for this ZIP code, which may suggest a predominantly rental-focused market or a lack of sufficient data points for homeownership values.
- The Days on Market (DOM) statistic is also not available, which could imply that properties in this area are either quickly rented or sold, or that there isn't enough transactional data to provide an accurate DOM figure.
Investors should note the strong rental market dynamics in ZIP 75101, driven by a significant renter population and stable middle-class incomes. The current market rent is slightly below the FMR, presenting a chance to adjust pricing upwards while remaining competitive. Given the lack of median home value and DOM data, it's advisable to focus on rental investments rather than speculative purchases aimed at flipping homes. The area's urban character and economic stability make it a solid choice for landlords and small-portfolio investors seeking steady returns.
Data Sources: FMR data from HUD (2027). 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.