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 | $1,390 |
| 1 Bedroom | $1,440 |
| 2 Bedrooms | $1,690 |
| 3 Bedrooms | $2,130 |
| 4 Bedrooms | $2,700 |
| 5 Bedrooms | $3,132 |
| 6 Bedrooms | $3,508 |
| 7 Bedrooms | $3,789 |
| 8 Bedrooms | $3,978 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,440 | $82,769 | 1.74% | A+ |
| 2BR | $1,690 | $136,294 | 1.24% | A |
| 3BR | $2,130 | $366,567 | 0.58% | F |
| 4BR | $2,700 | $586,641 | 0.46% | F |
| 5BR | $3,132 | $729,728 | 0.43% | F |
U.S. Census Bureau data (2024)
Dallas 75243 sits in the northeast part of the city, largely covering the Forest Lane and Audelia Road corridors. This area is characterized by a high density of multifamily properties and a substantial renter population, offering convenient access to major employment hubs. A significant local anchor is the Dallas Independent School District, which operates several campuses in the vicinity, driving consistent demand from families seeking educational proximity. The neighborhood is primarily suburban in feel but tightly integrated into the wider Dallas metro infrastructure.
From a financial perspective, the numbers reveal a distinct arbitrage opportunity. The HUD Fair Market Rent for a 2-bedroom unit is $1,640, while the current market rent (Zillow ZORI) sits significantly lower at $1,015. This creates a notable gap of $625 per month, suggesting that voucher holders may pay a premium compared to typical unassisted market rates. Median home values in the area are $298,817, with a specific 2-bedroom median sale price of $136,730. Properties are moving relatively slowly, however, with a median of 84 days on market, indicating less competitive pressure for new buyers.
The tenant profile here is heavily skewed toward renting, with a renter share of 73.4% and a median household income of $53,618. Given that local incomes are moderate, the gap to market rent is often bridged by rental assistance, making this a prime location for voucher demand. The neighborhood offers standard suburban amenities, including access to public transit via DART bus routes and proximity to local retail centers, which supports a steady flow of potential tenants who rely on the area's affordability and connectivity.
The Section 8 verdict for 75243 is strongly bullish on cash flow. The disparity between the $1,640 SAFMR and the $1,015 market rent provides a substantial cushion for investors, allowing for higher effective rental income than the standard market bears. With low acquisition costs for 2-bedroom units at a median of $136,730, investors can achieve strong yields, provided they account for the 84-day days-on-market liquidity timeline. This ZIP code represents a play for income maximization rather than rapid appreciation.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.