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 | $1,630 |
| 1 Bedroom | $1,670 |
| 2 Bedrooms | $1,970 |
| 3 Bedrooms | $2,480 |
| 4 Bedrooms | $3,150 |
| 5 Bedrooms | $3,654 |
| 6 Bedrooms | $4,092 |
| 7 Bedrooms | $4,419 |
| 8 Bedrooms | $4,640 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,670 | $188,690 | 0.89% | C |
| 2BR | $1,970 | $328,455 | 0.6% | F |
| 3BR | $2,480 | $427,539 | 0.58% | F |
| 4BR | $3,150 | $617,473 | 0.51% | F |
| 5BR | $3,654 | $686,078 | 0.53% | F |
U.S. Census Bureau data (2024)
The ZIP code 75208 in Dallas, TX, presents a dynamic rental market. The Fair Market Rent (FMR) for the area stands at $1740 for fiscal year 2024, while the actual market rent, as measured by Zillow's ZORI index, is slightly lower at $1,560. This suggests that the rental market is competitive but not overheated. Landlords should be aware that the price-cut share is relatively low at 0.3%, indicating that few properties are being discounted to attract tenants, which is a sign of stability rather than distress.
The days on market (DOM) for rental listings is 44 days, suggesting that properties are typically occupied within this timeframe. This figure implies a balanced market where demand meets supply without significant surplus or shortage. However, the median home value of $420,175 indicates a higher cost of homeownership relative to rental prices, potentially driving residents towards renting over buying.
A noteworthy statistic is the 45.8% share of renters in the population. This high proportion of renters points to a significant long-term housing pressure in the area, as it signals a preference for or necessity of renting over owning. Such a trend can sustain a robust rental market, benefiting landlords and small-portfolio investors who can capitalize on the steady demand for rental properties.
In summary, ZIP 75208 is a market characterized by a balance between supply and demand, with a slight edge towards demand due to the high renter share. The relatively low price-cut share and median DOM suggest that the rental market is stable and likely to remain so, making it an attractive area for those looking to invest in rental properties.
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.