Location: Dallas, TX | Metro: Dallas, TX HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,710 |
| 1 Bedroom | $1,760 |
| 2 Bedrooms | $2,070 |
| 3 Bedrooms | $2,610 |
| 4 Bedrooms | $3,310 |
| 5 Bedrooms | $3,840 |
| 6 Bedrooms | $4,301 |
| 7 Bedrooms | $4,645 |
| 8 Bedrooms | $4,877 |
The ZIP code 75379 in Dallas County, Texas, presents a unique set of characteristics that distinguish it from other areas within the county. Due to the lack of specific data points regarding the number of residents, percentage of renters, median income, and median home value, the focus will be on the Federal Market Rent (FMR) and the implications for Section 8 landlords and small-portfolio investors.
The FMR for ZIP 75379 for fiscal year 2024 is set at $2070. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. While the exact market rent for the area is not available, the FMR provides a benchmark for understanding the rental dynamics within this ZIP code. Landlords should compare this figure against their own rental rates to determine if participating in the Section 8 program is financially viable.
The voucher economics in ZIP 75379 suggest that landlords can expect a steady stream of tenants who are able to pay the rent through the voucher system. However, the success of this strategy depends on the willingness of potential tenants to accept properties that meet the housing quality standards required by the program. For small-portfolio investors, the decision to participate in Section 8 should be based on the overall financial health of the portfolio and the ability to manage properties effectively.
Given the limited data available, it's difficult to characterize the ZIP code as either stable or transitional. However, the presence of the Section 8 program indicates a level of government intervention aimed at providing affordable housing options. This can be seen as an effort to stabilize the housing market in the area. Landlords and investors should keep an eye on local trends and any updates to the FMR to make informed decisions about their investments.
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.