Location: Dallas, TX | Metro: Dallas, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,420 |
| 1 Bedroom | $1,460 |
| 2 Bedrooms | $1,720 |
| 3 Bedrooms | $2,170 |
| 4 Bedrooms | $2,750 |
| 5 Bedrooms | $3,190 |
| 6 Bedrooms | $3,573 |
| 7 Bedrooms | $3,859 |
| 8 Bedrooms | $4,052 |
The ZIP code 75221 in Dallas County, TX, presents a unique set of characteristics that make it stand out. However, due to the lack of specific data regarding the number of residents, the percentage of renters, median income, and median home value, the analysis must rely on other available metrics.
The Federal Market Rent (FMR) for ZIP 75221 in fiscal year 2024 is set at $1680. This figure serves as a benchmark for rental rates under the Section 8 program. While the exact market rent for the area is not specified, the FMR can be used to gauge the potential rental income for landlords participating in the program.
The voucher economics in ZIP 75221 suggest that landlords can expect to receive payments close to the FMR of $1680 per month for units that qualify under the Section 8 program. This provides a predictable and stable source of income for those willing to accept vouchers. The absence of comparative market data makes it difficult to assess the premium or discount that might exist between FMR and actual market rents, but the FMR does offer a reliable estimate for budgeting purposes.
Given the limited data points available, the overall economic profile of ZIP 75221 appears to be stable. The consistent provision of federal rental assistance through the Section 8 program indicates a steady demand for subsidized housing. Landlords should consider the benefits of participating in such a program, including the security of guaranteed monthly payments, albeit at a rate tied to the FMR.
Data Sources: FMR data from HUD (2027).
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.