Section 8 Fair Market Rent (FMR) for ZIP 75137 - 2027
Location: Dallas, TX | Metro: Dallas, TX HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,710 |
| 1 Bedroom | $1,760 |
| 2 Bedrooms | $2,070 |
| 3 Bedrooms | $2,610 |
| 4 Bedrooms | $3,310 |
| 5 Bedrooms | $3,840 |
| 6 Bedrooms | $4,301 |
| 7 Bedrooms | $4,645 |
| 8 Bedrooms | $4,877 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$82,253
Housing Authorities Serving ZIP 75137
- Housing Authority of the City of Dallas, Texa (Dallas, TX) - 20,345 Section 8 vouchers
- Dallas County Housing Assistance Program (Dallas, TX) - 4,596 Section 8 vouchers
- Grand Prairie Housing & Neighborhood Services (Grand Prairie, TX) - 3,043 Section 8 vouchers
- Garland Housing Authority (Garland, TX) - 1,570 Section 8 vouchers
- City of Mesquite Housing Office (Mesquite, TX) - 1,550 Section 8 vouchers
To determine if you should buy in ZIP 75137 (Duncanville, TX) for Section 8 investments, follow these steps:
- If the Fair Market Rent ($1960) clears the debt service on a $284,192 property:
- Yes. This indicates that the rental income from a Section 8 tenant will cover your mortgage payments and other expenses associated with owning the property. Proceed to the next step.
- If the Zillow Observed Rental Index (ZORI) of $1,813 is above, at, or below the Fair Market Rent ($1960):
- Above. If the ZORI is higher, it means that the market rent is greater than the Section 8 FMR, indicating that non-Section 8 tenants might be willing to pay more. This could offer flexibility in pricing and potentially higher returns when renting to market-rate tenants. Continue to the third question.
- At or Below. If the ZORI is equal to or less than the FMR, the market rent is either the same as or lower than what Section 8 tenants can afford. This limits your ability to charge more than the FMR and may reduce your profit margins. Consider the local demand before making a decision.
- If the 28.9% of renters combined with an unspecified number of days on the market (DOM) indicates sufficient demand:
- Yes. With nearly 30% of the population renting, there is a decent amount of demand for rental properties. However, the lack of information regarding DOM makes it difficult to assess how quickly properties are being rented out. If the DOM is low, it suggests strong demand and a good opportunity for investment.
- No. If the DOM is high, it implies weak demand and potential difficulties in finding tenants, even among the 28.9% who are renters. In this case, investing in Duncanville may not be advisable due to the risk of prolonged vacancy periods.
- It Depends. Without specific DOM data, it's challenging to definitively say whether the demand is strong enough. The percentage of renters is positive, but the speed at which properties are rented out is crucial. Investigate further into the local rental market dynamics to make an informed decision.
In conclusion, buying in ZIP 75137 for Section 8 investments hinges on the ability of the FMR to cover debt service, the comparison between ZORI and FMR, and the overall demand indicated by the percentage of renters and DOM. Ensure all factors align favorably before proceeding with an investment.
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.