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 | $1,610 |
| 1 Bedroom | $1,670 |
| 2 Bedrooms | $1,960 |
| 3 Bedrooms | $2,460 |
| 4 Bedrooms | $3,130 |
| 5 Bedrooms | $3,631 |
| 6 Bedrooms | $4,067 |
| 7 Bedrooms | $4,392 |
| 8 Bedrooms | $4,612 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,670 | $180,611 | 0.92% | C |
| 2BR | $1,960 | $557,103 | 0.35% | F |
| 3BR | $2,460 | $776,641 | 0.32% | F |
| 4BR | $3,130 | $1,386,550 | 0.23% | F |
| 5BR | $3,631 | $1,986,629 | 0.18% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 75214 in Dallas, Texas, for fiscal year 2024 is set at $2,020. This figure represents the maximum amount that a landlord can receive from the Section 8 Housing Choice Voucher program for a given unit. It is important to note that this is not the rent you will charge your tenant; it is the reimbursement limit from the government.
In comparison, the local Zillow Observed Rent Index (ZORI) for the same area stands at $1,643. This indicates that the average market rent is lower than the FMR, which means that participating in the Section 8 program could provide a slightly higher income than typical market rates.
The renter share in ZIP 75214 is 40.2%, suggesting a strong demand for rental properties. This high percentage of renters in the area means that there is a significant number of potential tenants who might be interested in your property, particularly those relying on Section 8 vouchers.
If you are considering purchasing a property in this area for your first Section 8 rental, the median home value is around $830,650. This figure gives you an idea of the acquisition cost for a typical home in the area, which you should factor into your investment calculations.
Before making the decision to enter the Section 8 program with a property in ZIP 75214, verify that your property meets the required standards for housing quality. The Housing Quality Standards (HQS) set by the Department of Housing and Urban Development (HUD) must be met to ensure eligibility and avoid potential issues down the line.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.