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 | $1,410 |
| 2 Bedrooms | $1,660 |
| 3 Bedrooms | $2,090 |
| 4 Bedrooms | $2,660 |
| 5 Bedrooms | $3,086 |
| 6 Bedrooms | $3,456 |
| 7 Bedrooms | $3,732 |
| 8 Bedrooms | $3,919 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,410 | $120,785 | 1.17% | B |
| 2BR | $1,660 | $224,128 | 0.74% | D |
| 3BR | $2,090 | $354,575 | 0.59% | F |
| 4BR | $2,660 | $804,823 | 0.33% | F |
| 5BR | $3,086 | $1,252,311 | 0.25% | F |
U.S. Census Bureau data (2024)
To integrate ZIP 75240 into a Section 8 portfolio strategy, consider it primarily as a cash-flow anchor. This designation is based on the area's favorable financial metrics.
The Fair Market Rent (FMR) for ZIP 75240 in fiscal year 2024 is set at $1620, which slightly exceeds the current market rent of $1603. This positive spread ensures that landlords can secure steady rental income without the risk of falling below market rates. The median home value of $404,331 also supports this classification, as it indicates a stable housing market where property values are unlikely to fluctuate dramatically.
While ZIP 75240 offers some potential for appreciation, with a modest 0.3% price-cut share, the days on market (DOM) is not specified, making it less reliable as an appreciation play. Landlords should focus on the guaranteed income aspect rather than speculative growth.
The ZIP code could serve as a diversifier due to the high renter share of 78.9%, but the median income of $58,320 suggests a population that might struggle with high rents outside of subsidized programs. Therefore, relying on this ZIP for diversification purposes would be less effective compared to leveraging it as a cash-flow anchor.
In conclusion, ZIP 75240 is best suited as a cash-flow anchor in a Section 8 portfolio strategy. Its FMR slightly surpasses the market rent, ensuring consistent income, and the median home value points to a stable real estate market. These factors make it a reliable choice for landlords looking to maintain a steady stream of rental revenue.
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.