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 | $1,220 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,370 |
| 5 Bedrooms | $2,749 |
| 6 Bedrooms | $3,079 |
| 7 Bedrooms | $3,325 |
| 8 Bedrooms | $3,491 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,480 | $154,299 | 0.96% | C |
| 3BR | $1,860 | $210,986 | 0.88% | C |
| 4BR | $2,370 | $248,352 | 0.95% | C |
U.S. Census Bureau data (2024)
The real estate market in ZIP 75241 (Dallas, TX) presents a nuanced landscape for both landlords and small-portfolio investors. With a median home value of $212,482, the area is relatively affordable compared to other parts of Dallas. The fact that only 0.3% of listings have been reduced suggests a stable market where sellers are holding firm on their asking prices, indicating strong seller confidence and limited downward pressure on values.
A median days on market (DOM) of 51 days signals an efficient market where homes are selling relatively quickly. This quick turnover can be indicative of robust demand, which supports the idea that the market is poised for stability or even slight growth in home values over the next 12-24 months. However, it's important to note that this does not guarantee an increase but rather points towards a balanced market dynamic.
On the rental side, the Federal Market Rent (FMR) for ZIP 75241 is set at $1,500 for fiscal year 2024, while the actual market rent, measured by Zillow's Observed Rent Index (ZORI), stands at $1,735. This gap between FMR and ZORI suggests that landlords may have some pricing power, as they can charge above the federally determined rate without significantly impacting occupancy rates. The higher ZORI figure also implies that there is sufficient demand to support rents above the subsidized levels, making it attractive for long-term investment.
For long-hold investors, the setup in ZIP 75241 is favorable. The combination of stable home values, quick sales cycles, and a rental market that outpaces government-set rates creates an environment where property appreciation and rental income can be expected to hold steady. While the data does not indicate explosive growth, it supports a thesis of moderate appreciation, driven by continued demand and the city's overall economic health. Investors should focus on maintaining properties and keeping rental rates competitive yet profitable, given the existing market conditions.
In summary, ZIP 75241 offers a solid foundation for real estate investments, with signs pointing towards a balanced market that supports both home values and rental incomes. The key for success lies in understanding local trends and adapting strategies accordingly.
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.