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 | $1,840 |
| 1 Bedroom | $1,900 |
| 2 Bedrooms | $2,230 |
| 3 Bedrooms | $2,810 |
| 4 Bedrooms | $3,570 |
| 5 Bedrooms | $4,141 |
| 6 Bedrooms | $4,638 |
| 7 Bedrooms | $5,009 |
| 8 Bedrooms | $5,259 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,230 | $188,096 | 1.19% | B |
| 3BR | $2,810 | $273,380 | 1.03% | B |
| 4BR | $3,570 | $336,097 | 1.06% | B |
| 5BR | $4,141 | $392,204 | 1.06% | B |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 75249 in Dallas, TX, for fiscal year 2024 is set at $2300. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, but it does not necessarily mean you will receive this exact amount. The actual rent paid by the tenant plus the subsidy from the government cannot exceed this limit.
In comparison, the Zillow Observed Rent Index (ZORI) for the same area is currently at $2,153. This index reflects the average rent charged for similar properties on the open market. By participating in Section 8, your rental property's rent will be capped at $2300, which is slightly higher than the average market rate, providing a stable income source.
The demand for rentals in this area is strong, with 25.2% of the population being renters. This high percentage indicates that there are many potential tenants who could benefit from Section 8 housing, ensuring a steady stream of applicants for your property.
If you're considering purchasing a property in this area to participate in the Section 8 program, you should know that the median home value in ZIP 75249 is around $288,541. This is the typical price you would pay to acquire a home here, though actual costs can vary depending on the condition and location of the property.
Before you proceed, it's crucial to verify that your property meets the minimum housing quality standards set by the Department of Housing and Urban Development (HUD). These standards ensure that the property is safe, decent, and sanitary for tenants. A property inspection will confirm compliance and prevent any delays in the process.
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.