Location: Dallas, TX | Metro: Dallas, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,420 |
| 1 Bedroom | $1,460 |
| 2 Bedrooms | $1,720 |
| 3 Bedrooms | $2,170 |
| 4 Bedrooms | $2,750 |
| 5 Bedrooms | $3,190 |
| 6 Bedrooms | $3,573 |
| 7 Bedrooms | $3,859 |
| 8 Bedrooms | $4,052 |
The ZIP code 75376 in Dallas County stands out due to limited available data regarding its residents, rental percentages, median income, and median home values, which are all marked as N/A. This scarcity of information makes it challenging to provide a detailed demographic analysis, but we can still explore the implications for Section 8 landlords and small-portfolio investors.
Moving into the specifics of voucher economics, the Fair Market Rent (FMR) for ZIP 75376 has been set at $1680 for fiscal year 2024. While the exact market rent figures are unavailable, the FMR serves as a benchmark for what landlords can expect to receive through Section 8 vouchers. This amount is designed to cover the typical rent for a standard unit in the area, ensuring that tenants can afford decent housing without placing an undue burden on landlords.
Despite the lack of comprehensive data, the presence of a defined FMR indicates a level of stability in the rental market. The FMR is adjusted annually based on housing cost data, suggesting that there is ongoing monitoring and management of rental prices in the area. For landlords and investors, this implies a predictable income stream from Section 8 vouchers, though it's important to note that actual market conditions could differ significantly from the FMR.
In conclusion, while the data signature for ZIP 75376 reads as "stable" due to the presence of an established FMR, the absence of other key metrics such as resident count, rental percentage, and median incomes and home values leaves significant room for uncertainty. Landlords and small-portfolio investors should conduct further local research to understand the unique dynamics of this ZIP code before making investment decisions.
Data Sources: FMR data from HUD (2027).
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.