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 | $1,210 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $2,350 |
| 5 Bedrooms | $2,726 |
| 6 Bedrooms | $3,053 |
| 7 Bedrooms | $3,297 |
| 8 Bedrooms | $3,462 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,250 | $124,508 | 1% | B |
| 2BR | $1,470 | $130,499 | 1.13% | B |
| 3BR | $1,850 | $198,938 | 0.93% | C |
| 4BR | $2,350 | $273,926 | 0.86% | C |
U.S. Census Bureau data (2024)
The rent math in ZIP 75215 does not favor participation in the Section 8 program. The Fair Market Rent (FMR) set at $1,320 for fiscal year 2024 falls short of the market rent, which stands at $1,641 according to the ZORI index. This discrepancy means that landlords might lose out on significant income if they rely solely on Section 8 rents.
Acquisition in this area remains relatively affordable for potential investors. With a median home value of $173,005, it's below the national average, making property purchases more accessible. Additionally, homes typically stay on the market for only 44 days, indicating a brisk pace of sales. The low 0.3% price-cut share further suggests that homes are selling close to their listed prices without much negotiation.
Tenant demand in ZIP 75215 is robust. The population of 18,895 residents includes a substantial 61.8% who are renters. This high percentage of tenants signals strong interest in rental properties, providing a solid pool of potential Section 8 participants.
In conclusion, while the rent math is unfavorable for Section 8 participation due to the gap between the FMR and market rent, the affordability of acquisitions and the high tenant demand make ZIP 75215 an attractive investment area. Landlords should consider diversifying their rental offerings beyond Section 8 to maximize profitability, given the higher market rents. However, the presence of a large number of renters ensures a consistent flow of tenants, supporting the viability of rental investments in this area.
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.