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 rent math for ZIP 75380 in the Dallas, TX HUD Metro FMR Area is unclear due to incomplete data. The Fair Market Rent (FMR) for FY 2024 is set at $1680. However, without specific market rent figures, it's challenging to determine if the rent math works effectively. Landlords should seek local real estate agents or rental listings to get an accurate comparison.
Regarding acquisition affordability, the median home value for ZIP 75380 is listed as N/A, which indicates that there is insufficient data to make a determination. Additionally, the Days on Market (DOM) and the percentage of homes needing price cuts are also not available. These metrics would typically help assess how quickly properties sell and at what price point, but their absence means that landlords must rely on other sources for this information.
Tenant demand in ZIP 75380 is also ambiguous due to missing data. The population and the percentage of renters are both listed as N/A, making it difficult to gauge the number of potential tenants and the proportion of the population likely to rent. Landlords will need to consult additional resources to understand the tenant demand in this area.
Verdict: The analysis of ZIP 75380 for Section 8 real-estate investment is hindered by significant data gaps. While the FMR for FY 2024 is established at $1680, crucial details such as market rent, median home values, days on market, price cut percentages, population size, and renter share are unavailable. This lack of comprehensive data makes it impossible to definitively assess whether the rent math works, acquisitions are affordable, and there is sufficient tenant demand. Landlords and small-portfolio investors should seek out detailed local real estate reports and consult with local realtors to fill these informational voids before making any investment decisions in this ZIP code.
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.