Location: Delta County, 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 | $910 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,120 | $122,495 | 0.91% | C |
| 3BR | $1,410 | $203,358 | 0.69% | D |
| 4BR | $1,790 | $307,792 | 0.58% | F |
U.S. Census Bureau data (2024)
ZIP code 75428 is located in the city of Commerce, TX. This neighborhood is characterized by a moderate-sized population of 11,531 residents, with nearly half of them being renters at 48.1%. The median household income here stands at $51,424, which is reflective of a middle-class community. The median home value in this area is $211,047, indicating a mix of affordable and modest housing options.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 75428 in fiscal year 2024 is set at $1240. This figure is notably higher than the market rent, which is estimated at $1,139 according to ZORI (Zillow Observed Rental Index). This discrepancy suggests that there is a potential opportunity for landlords to benefit from the higher FMR rates offered by the government, especially when dealing with Section 8 tenants. Landlords can leverage this difference to either maintain or slightly increase their rental incomes while providing affordable housing options.
The practical implications for investors considering ZIP 75428 are significant. For those looking to operate hands-off, the neighborhood's characteristics align well with the requirements of Section 8 investments. The high percentage of renters and the presence of a middle-income bracket make it a stable environment for such investments. However, for hands-on investors interested in value-add strategies, the opportunity to improve properties and potentially command higher rents above the market rate but still within the FMR guidelines presents a viable path. The key for these investors will be to identify properties where improvements can be made cost-effectively and to manage the property efficiently to attract both Section 8 tenants and other renters willing to pay slightly more.
In summary, ZIP 75428 offers a balanced investment landscape for landlords and small-portfolio investors. Whether you prefer a passive approach or an active one, the neighborhood provides a solid foundation for generating consistent returns through Section 8 participation. The combination of a sizable renting population and favorable FMR rates makes it a promising area for those interested in affordable housing investments.
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.