Location: Dallas, TX | Metro: Dallas, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,810 |
| 1 Bedroom | $1,870 |
| 2 Bedrooms | $2,200 |
| 3 Bedrooms | $2,770 |
| 4 Bedrooms | $3,520 |
| 5 Bedrooms | $4,083 |
| 6 Bedrooms | $4,573 |
| 7 Bedrooms | $4,939 |
| 8 Bedrooms | $5,186 |
The ZIP code 75132 is situated within the Dallas, TX HUD Metro Fair Market Rent (FMR) area. Its fair market rent for fiscal year 2024 is set at $2120. To understand how 75132 stacks up against other ZIP codes in the Dallas, TX HUD Metro FMR Area, we must consider several factors including the market rent, home value, and renter share.
Unfortunately, the specific market rent and home value data for ZIP 75132 are not available. However, the fair market rent of $2120 can be compared to the typical fair market rents across the Dallas, TX HUD Metro FMR Area. If $2120 is notably lower than the average fair market rent in the region, it could suggest that 75132 is a value pocket, offering landlords and small-portfolio investors a chance to acquire properties at potentially lower costs while still receiving government-subsidized rental income through Section 8 programs. Conversely, if $2120 aligns closely with the average fair market rent in the Dallas area, then 75132 would likely be considered a mid-tier neighborhood, neither particularly cheap nor expensive relative to the rest of the metro.
The absence of data on market rent and home values makes it difficult to draw definitive conclusions about the premium status of 75132 within its metro. However, the lack of market rent data could imply that the area is less competitive or less frequently analyzed in real estate reports, which might also contribute to its being a value pocket. Similarly, the lack of home value data could indicate that there is limited private investment activity in the area, another characteristic of a value pocket.
The renter share percentage is also not available, which means we cannot determine if there is a high concentration of renters in 75132. In general, a high renter share combined with below-average home values often indicates a sweet spot for Section 8 investments. While we cannot confirm this for 75132 due to missing data, the low fair market rent suggests that it may be an attractive option for landlords looking to serve tenants who rely on federal housing assistance.
In summary, based on the available data, ZIP 75132 appears to be a value pocket within the larger Dallas, TX HUD Metro FMR Area. The fair market rent of $2120 is a key figure that should be used to gauge investment opportunities and rental pricing strategies in this ZIP code.
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.