Location: Dallas, TX | Metro: Dallas, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,250 |
| 1 Bedroom | $1,290 |
| 2 Bedrooms | $1,520 |
| 3 Bedrooms | $1,910 |
| 4 Bedrooms | $2,430 |
| 5 Bedrooms | $2,819 |
| 6 Bedrooms | $3,157 |
| 7 Bedrooms | $3,410 |
| 8 Bedrooms | $3,581 |
U.S. Census Bureau data (2024)
The ZIP code 75236 in Dallas, TX, is a renter-heavy area with significant voucher demand. With a population of 18,963, over two-thirds (70.7%) of residents are renters, indicating a robust market for rental properties. This high percentage of renters suggests that there is a substantial demand for housing assistance programs such as Section 8.
The median household income in ZIP 75236 is $49,715, which is below the national average. Given the market rent of $1,605, typical rent consumes approximately 32.3% of the median household's monthly income. This figure is calculated by dividing the annual income by 12 months to get the monthly income ($49,715 / 12 = $4,143), then dividing the monthly rent by the monthly income and multiplying by 100 to get the percentage ($1,605 / $4,143 * 100 = 38.7%). However, for accuracy, we should compare it to the Federal Market Rent (FMR) which is $1,460 for FY 2024, indicating that the actual market rent is higher than the federally subsidized rate.
To further illustrate, the FMR represents the maximum amount that a Section 8 voucher can cover. If a household has an income of $49,715, their contribution towards rent would be around $4,143 * 30% = $1,243, leaving a gap between the market rent and the FMR. Landlords will need to consider this gap when setting rents and deciding whether to accept Section 8 tenants.
The type of tenant profile a landlord should expect in this ZIP code includes individuals and families who rely on Section 8 vouchers due to limited financial resources. These tenants typically have lower incomes, making up a significant portion of the rental market. The combination of high renter concentration and relatively low median income makes 75236 a prime location for properties targeting Section 8 tenants, but landlords must be prepared to deal with the administrative requirements and potential delays associated with the program.
Data Sources: FMR data from HUD (2027). 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.