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 | $1,470 |
| 1 Bedroom | $1,510 |
| 2 Bedrooms | $1,780 |
| 3 Bedrooms | $2,240 |
| 4 Bedrooms | $2,850 |
| 5 Bedrooms | $3,306 |
| 6 Bedrooms | $3,703 |
| 7 Bedrooms | $3,999 |
| 8 Bedrooms | $4,199 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,780 | $291,465 | 0.61% | D |
| 3BR | $2,240 | $519,469 | 0.43% | F |
| 4BR | $2,850 | $1,002,656 | 0.28% | F |
| 5BR | $3,306 | $2,248,797 | 0.15% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 75229 does not work favorably for landlords. The Fair Market Rent (FMR) set at $1700 for the fiscal year 2024 is significantly lower than the market rent, which stands at $2,549 as indicated by the ZORI index. This discrepancy means that landlords might struggle to cover their costs if they align their rental prices with the FMR.
Acquisition in this area is moderately affordable. With a median home value of $730,006, potential investors can expect a reasonable investment cost relative to the market. Additionally, the average days on market (DOM) of 25 days suggests a relatively quick sale process, and the low 0.3% price-cut share indicates that homes are generally selling at or near their asking price without significant negotiation.
Tenant demand in ZIP 75229 is substantial. The area has a total population of 33,656, with 30.6% of residents being renters. This sizable renter base ensures a steady stream of potential tenants, making it likely that units will remain occupied.
Overall, ZIP 75229 presents a mixed picture for real estate investors. While the tenant pool is robust and acquisition costs are manageable, the gap between the FMR and market rent could pose challenges for covering operational expenses. Investors should carefully consider these factors before entering the market in this area.
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.