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 | $1,720 |
| 1 Bedroom | $1,770 |
| 2 Bedrooms | $2,080 |
| 3 Bedrooms | $2,620 |
| 4 Bedrooms | $3,330 |
| 5 Bedrooms | $3,863 |
| 6 Bedrooms | $4,327 |
| 7 Bedrooms | $4,673 |
| 8 Bedrooms | $4,907 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,770 | $144,428 | 1.23% | A |
| 2BR | $2,080 | $477,276 | 0.44% | F |
| 3BR | $2,620 | $981,007 | 0.27% | F |
| 4BR | $3,330 | $1,952,239 | 0.17% | F |
| 5BR | $3,863 | $2,471,377 | 0.16% | F |
U.S. Census Bureau data (2024)
The ZIP code 75209 in Dallas, TX, hosts a population of 14,211 residents, with 35.7% being renters. This indicates that the area has a moderately sized rental market but is not dominated by renters. The median household income stands at $134,707, which is significantly higher than the national average. Despite this robust income level, the typical market rent of $1,548 per month still represents a considerable portion of the average household's income.
To put this into perspective, the $1,548 market rent constitutes approximately 11.5% of the median household income. This percentage is relatively low compared to many other areas, suggesting that while rent is affordable, it is still a substantial expense for most households. The Federal Market Rent (FMR) for ZIP 75209, set at $2,080 for FY 2024, provides a benchmark for affordable housing standards. This figure is notably higher than the current market rent, indicating that the local rental market may be below the federal guideline for affordability.
The presence of Section 8 vouchers in this ZIP code is likely to be limited due to the higher median income levels and the relative scarcity of lower-cost rental units. Landlords in 75209 can expect tenants who are likely to have stable employment and higher incomes, reducing the risk associated with voucher-based tenancy. However, the demand for affordable housing, supported by vouchers, remains a factor, though it is less pronounced than in areas with lower median incomes.
In summary, ZIP 75209 is not a renter-heavy area with deep voucher demand but rather a neighborhood where homeownership is more prevalent. The typical tenant profile will include individuals and families with higher incomes, capable of paying market rents without assistance. While some tenants may seek voucher support, the overall rental market is more competitive, favoring those with financial stability.
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.