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 | $1,370 |
| 1 Bedroom | $1,430 |
| 2 Bedrooms | $1,670 |
| 3 Bedrooms | $2,100 |
| 4 Bedrooms | $2,670 |
| 5 Bedrooms | $3,097 |
| 6 Bedrooms | $3,469 |
| 7 Bedrooms | $3,747 |
| 8 Bedrooms | $3,934 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,430 | $127,851 | 1.12% | B |
| 2BR | $1,670 | $222,610 | 0.75% | D |
| 3BR | $2,100 | $983,195 | 0.21% | F |
| 4BR | $2,670 | $1,586,030 | 0.17% | F |
| 5BR | $3,097 | $2,720,896 | 0.11% | F |
U.S. Census Bureau data (2024)
1690 - In ZIP code 75230, Dallas, TX, the Fair Market Rent (FMR) for Section 8 eligibility in fiscal year 2024 is set at $1690. This figure represents the maximum amount landlords can charge for a unit to be considered affordable under the program.
1809 - The Zillow Observed Rent Index (ZORI) for the same area indicates a market rent of $1809, suggesting that units priced slightly above the Section 8 limit still fall within the average rental range.
1060477 - With a median home value of $1,060,477, ZIP 75230 reflects a high-value neighborhood where property investments could yield substantial returns.
42.6 - A significant 42.6% of residents in this area are renters, indicating a strong demand for rental properties and making it an attractive location for landlords and small-portfolio investors.
110956 - The median income of $110,956 supports the ability of residents to afford higher rents, though it's important to note that Section 8 participants typically earn below 50% of this amount.
42 - The days on market (DOM) statistic stands at 42 days, showing that properties listed for rent are generally occupied quickly, which is beneficial for minimizing vacancy rates.
0.2 - Only 0.2% of listings have their prices cut, demonstrating the robustness of the rental market and the appeal of properties in this area without needing to reduce prices.
Based on these figures, ZIP 75230 presents a favorable environment for landlords and small-portfolio investors, particularly those interested in Section 8 participation. The proximity of the FMR to the ZORI suggests that landlords can maintain competitive pricing while participating in the program. The high median home value and median income indicate a wealthy demographic, potentially reducing the risk of non-payment. The low percentage of price cuts and quick DOM times highlight the strong rental demand. For those considering Section 8, this area offers a stable and lucrative opportunity.
Verdict: ZIP 75230 is a prime location for Section 8 landlords and investors due to its robust rental market and competitive pricing.
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.