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 | $1,330 |
| 1 Bedroom | $1,370 |
| 2 Bedrooms | $1,610 |
| 3 Bedrooms | $2,030 |
| 4 Bedrooms | $2,580 |
| 5 Bedrooms | $2,993 |
| 6 Bedrooms | $3,352 |
| 7 Bedrooms | $3,620 |
| 8 Bedrooms | $3,801 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,370 | $113,150 | 1.21% | A |
| 2BR | $1,610 | $219,582 | 0.73% | D |
| 3BR | $2,030 | $283,340 | 0.72% | D |
| 4BR | $2,580 | $394,967 | 0.65% | D |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 75223, Dallas, TX, suggests a balanced market with slight indications of stability favoring sellers. The median home value stands at $249,813, reflecting the area's affordability and appeal to both first-time buyers and investors. A notable figure is that only 0.3% of listings have seen price reductions, which points to a resilient market where homeowners are less inclined to lower their asking prices, thereby maintaining a strong sense of pricing power.
The median days on market (DOM) being listed as N/A could imply either an exceptionally quick sale cycle or a data anomaly. However, given the low percentage of price reductions, it's reasonable to infer that homes in this area sell relatively quickly, reinforcing the seller-friendly environment. This quick turnover supports the idea that demand is steady and possibly outstripping supply, which can bolster pricing power over the next 12 to 24 months.
On the rental side, the Federal Market Rent (FMR) for ZIP 75223 in fiscal year 2024 is projected to be $1,520, compared to the current market rate, the Zillow Observed Rent Index (ZORI), which stands at $1,454. This suggests a potential increase in rental values, aligning with the overall trend of maintaining pricing power. Landlords and small-portfolio investors should prepare for a gradual rise in rents, which can improve cash flow and investment returns.
For long-term investors, the appreciation thesis in ZIP 75223 appears realistic but cautious. With a stable median home value and minimal price reductions, coupled with an expected uptick in rental rates, the area presents a solid foundation for capital growth. However, the lack of significant DOM data might indicate a need for further local market research to fully understand the nuances of property appreciation. Despite this, the current setup implies that properties in this ZIP code will likely hold their value well, providing a safe haven for those looking to invest in a stable market.
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.