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 | $1,830 |
| 1 Bedroom | $1,890 |
| 2 Bedrooms | $2,220 |
| 3 Bedrooms | $2,790 |
| 4 Bedrooms | $3,550 |
| 5 Bedrooms | $4,118 |
| 6 Bedrooms | $4,612 |
| 7 Bedrooms | $4,981 |
| 8 Bedrooms | $5,230 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,890 | $222,709 | 0.85% | C |
| 2BR | $2,220 | $411,751 | 0.54% | F |
| 3BR | $2,790 | $734,964 | 0.38% | F |
| 4BR | $3,550 | $1,114,700 | 0.32% | F |
U.S. Census Bureau data (2024)
Dallas, TX's ZIP code 75219 is a densely populated urban neighborhood with a significant rental market. The area hosts a total population of 23,934 residents, with a notable 66.4% of them being renters. This indicates a strong demand for rental properties, which is crucial for investors looking to capitalize on the housing market. The median household income in this ZIP code stands at $102,364, suggesting a relatively affluent community where residents can afford higher rents. However, the median home value is $419,214, reflecting a mix of property types and values, but also indicating that homeownership might be less accessible due to higher costs.
The economic landscape of 75219 is further illuminated by the Federal Market Rent (FMR) and the Zillow Observed Rental Index (ZORI). For fiscal year 2024, the FMR is set at $2,310, while the actual market rent, as indicated by ZORI, is $2,026. This discrepancy shows that the government's estimate of fair market rent slightly exceeds the current market conditions, which could benefit Section 8 landlords who receive subsidies based on the FMR. It implies that there is a potential for landlords to cover their costs and still maintain a profit margin when renting to Section 8 participants.
Given these metrics, ZIP 75219 presents an interesting opportunity for both hands-off voucher operators and hands-on value-add buyers. The high percentage of renters and the moderate gap between FMR and actual market rent make it suitable for those who prefer a low-maintenance investment strategy, relying on the stability provided by government subsidies. On the other hand, the affluent nature of the neighborhood and the median home value suggest that there is room for value-add strategies, such as renovating properties to command higher rents, especially considering the willingness of residents to pay more due to their income levels.
In conclusion, ZIP 75219 offers a balanced environment for Section 8 investments, with a robust rental market and financial conditions that support both passive and active management approaches. Landlords and investors should consider the local dynamics and tailor their strategies accordingly to maximize returns.
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.