Section 8 Fair Market Rent (FMR) for ZIP 75119 - 2027
Location: Navarro County, TX | Metro: Dallas, TX HUD Metro FMR Area
Investment Score for ZIP 75119
C
Monthly Rent (2BR)
$1,460
Median Price (2BR)
$180,895
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 | $1,200 |
| 1 Bedroom | $1,240 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $2,340 |
| 5 Bedrooms | $2,714 |
| 6 Bedrooms | $3,040 |
| 7 Bedrooms | $3,283 |
| 8 Bedrooms | $3,447 |
Investment Analysis by Bedroom Size
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms |
Monthly FMR |
Median Price |
1% Rule |
Grade |
| 2BR |
$1,460 |
$180,895 |
0.81% |
C |
| 3BR |
$1,840 |
$267,476 |
0.69% |
D |
| 4BR |
$2,340 |
$298,135 |
0.78% |
D |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$77,053
To determine if a landlord should buy in ZIP 75119 (Ennis, TX) for Section 8 purposes, follow this decision tree:
- Does the Fair Market Rent ($1410) cover the debt service on a $265,416 property?
- If yes: The FMR provides sufficient income to cover the mortgage payments and other financial obligations associated with owning a property valued at $265,416. This is a positive indicator for Section 8 investments.
- If no: The FMR does not cover the debt service, making it financially unfeasible to invest in properties in this price range for Section 8 tenants.
- Is the market rent ($1,698 ZORI) above, at, or below the FMR?
- If above: Market rents exceed the FMR, indicating that landlords could potentially earn higher income from market-rate tenants. However, for those strictly interested in Section 8, this does not affect the suitability of the investment.
- If at: Market rents equal the FMR, suggesting that landlords can expect to receive the same income from both market-rate and Section 8 tenants. This scenario maintains stability but offers limited upside potential.
- If below: Market rents are lower than the FMR, which might make Section 8 a more attractive option since it guarantees a higher rental income compared to the local market rates.
- Are 31.1% of residents renters and do the days on market (DOM) indicate sufficient demand?
- If yes: With 31.1% of residents being renters, there is a substantial tenant pool. The lack of data on DOM suggests either a stable rental market or that turnover is not frequent, both of which could be seen as positive indicators for long-term Section 8 investments.
- If no: Insufficient demand would make it difficult to maintain occupancy rates, even with Section 8 guarantees. However, without specific DOM data, this conclusion cannot be definitively drawn.
The decision to invest in ZIP 75119 hinges on these factors. Landlords must calculate their debt service costs and compare them against the FMR. They should also consider whether they are willing to accept the difference between market rents and the FMR, if any. Lastly, the high percentage of renters suggests strong demand, but the absence of DOM data leaves some uncertainty about the ease of finding and retaining tenants.
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.