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 | $1,680 |
| 1 Bedroom | $1,750 |
| 2 Bedrooms | $2,050 |
| 3 Bedrooms | $2,580 |
| 4 Bedrooms | $3,270 |
| 5 Bedrooms | $3,793 |
| 6 Bedrooms | $4,248 |
| 7 Bedrooms | $4,588 |
| 8 Bedrooms | $4,817 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,750 | $138,720 | 1.26% | A |
| 2BR | $2,050 | $258,500 | 0.79% | D |
| 3BR | $2,580 | $566,742 | 0.46% | F |
| 4BR | $3,270 | $754,000 | 0.43% | F |
| 5BR | $3,793 | $1,041,168 | 0.36% | F |
U.S. Census Bureau data (2024)
The ZIP code 75248 in Dallas, TX, is characterized by a significant rental market presence, with 46.4% of the population being renters. This indicates that it is a renter-heavy area with potential for deep voucher demand. The total population of 38,459 suggests a substantial number of individuals who might be utilizing Section 8 vouchers.
The median household income in this ZIP code stands at $100,414, which provides a benchmark for understanding the financial capabilities of the residents. In comparison to the market rent of $1,413, this means that the typical rent consumes approximately 17% of the local median income. This figure is calculated by dividing the market rent by the annual median income and multiplying by 100: ($1,413 / $100,414) * 12 = 16.9%. Thus, the rent is well within a reasonable proportion of the average income.
The Fair Market Rent (FMR) for ZIP 75248, as set by HUD for FY 2024, is $2,030. This is notably higher than the current market rent of $1,413, indicating that the rental market in this area is below the FMR threshold. Landlords can use this discrepancy to their advantage by offering competitive rents that attract both voucher holders and non-voucher tenants.
A landlord in ZIP 75248 should expect a diverse tenant pool, including those who rely on Section 8 vouchers. Given the median income and the lower market rent compared to the FMR, tenants will likely have a mix of financial backgrounds but generally will be able to afford the rent without it consuming an excessive portion of their income. This ZIP code offers a good opportunity for landlords looking to engage with a broad spectrum of renters, particularly those who benefit from government assistance programs.
To summarize, ZIP 75248 presents a viable market for landlords interested in Section 8 tenants, with a strong rental base and a manageable rent-to-income ratio. The combination of a high percentage of renters and a relatively low market rent compared to the FMR makes this area attractive for both voucher holders and other types of tenants.
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.