Section 8 Fair Market Rent (FMR) for ZIP 75222 - 2027

FY 2027 Fair Market Rent Rates

The economics of Section 8 housing in ZIP code 75222, located in Dallas County, Texas, operate under specific financial guidelines that directly impact landlords and small-portfolio investors. For fiscal year 2024, the SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this ZIP code is set at $1680. This figure represents the maximum amount that the housing authority will pay towards the rent of a unit in this area.

A crucial point for landlords to understand is that the SAFMR is not the total rent paid by the tenant. Instead, it is the sum of the housing authority's contribution and the tenant's portion of the rent. The tenant is required to contribute 30% of their adjusted income towards the rent. If the tenant's portion does not cover the difference between the market rent and the SAFMR, the landlord does not receive additional compensation.

To illustrate, let’s assume the market rent for a two-bedroom apartment in ZIP 75222 is $1800 per month. With an SAFMR of $1680, the housing authority would cover the majority of the rent, but the landlord would need to ensure the tenant can cover the remaining $120. If the tenant cannot afford this, the landlord might have to lower the rent to match the SAFMR or risk non-payment.

Additionally, there are utility allowances that vary based on the size of the unit and the region. In ZIP 75222, these allowances are separate from the SAFMR and are designed to help cover the cost of utilities such as electricity, gas, water, and sewage. However, the exact amount of these allowances is not specified here, so landlords should refer to the local housing authority for precise details.

In summary, landlords in ZIP 75222 can expect the housing authority to reimburse up to $1680 for a two-bedroom unit. If the market rent exceeds this amount, the landlord must rely on the tenant to make up the difference. Given the SAFMR and assuming a market rent of $1800, there would be a reimbursement gap of $120 per month for a landlord accepting a Section 8 voucher in this scenario. Conversely, if the market rent is below the SAFMR, the landlord would receive a surplus.

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.