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 |
ZIP code 75381 falls within the broader Dallas, TX HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 75381 in fiscal year 2024 is set at $1680. This figure is critical for understanding how affordable housing policies, such as Section 8, operate within the area.
To contextualize 75381's FMR, consider that the average FMR across all ZIP codes in the Dallas, TX HUD Metro FMR Area typically exceeds this amount. As of the latest data, the average FMR for a two-bedroom unit in the Dallas metro area is higher than $1680, indicating that 75381 offers lower rental costs compared to the metropolitan average.
The lack of specific market rent and home value data for 75381 makes direct comparisons challenging. However, given the lower FMR, it can be inferred that 75381 likely has a lower cost of living relative to other areas within the Dallas metro. This suggests that 75381 could be considered a value pocket, offering affordability to tenants who might otherwise struggle to find housing within their budget in the more expensive parts of the city.
The absence of data on the renter share percentage means we cannot definitively state if there is a high concentration of renters, which could indicate a strong demand for affordable housing options. Despite this limitation, the lower FMR still points to an area where landlords and small-portfolio investors can offer competitive rates to Section 8 participants without overextending their financial commitments.
In summary, ZIP 75381 appears to be a value pocket within the Dallas, TX HUD Metro FMR Area. Its FMR of $1680 is below the typical rates seen across the broader metropolitan area, making it a potentially attractive location for both tenants seeking affordable housing and landlords looking to participate in the Section 8 program without setting rents above what the market supports.
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.