Location: Van Zandt 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 | $1,060 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $2,060 |
| 5 Bedrooms | $2,390 |
| 6 Bedrooms | $2,677 |
| 7 Bedrooms | $2,891 |
| 8 Bedrooms | $3,036 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,290 | $170,910 | 0.75% | D |
| 3BR | $1,620 | $274,353 | 0.59% | F |
| 4BR | $2,060 | $376,053 | 0.55% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 75474 in Texas for fiscal year 2024 is set at $1320. This figure represents the maximum amount the U.S. Department of Housing and Urban Development (HUD) will pay to cover a tenant's rent under the Section 8 program. It does not represent the rent you should charge your tenants; it is simply the reimbursement ceiling.
In comparison, the local Zillow Rental Index (ZORI) for ZIP 75474 stands at $1,530. This indicates that market rents are higher than the HUD reimbursement rate, meaning landlords participating in Section 8 may receive less income per unit than those renting without the assistance program.
Renters make up 17.8% of the population in ZIP 75474. This statistic suggests there is a steady demand for affordable housing, which can be a positive sign for landlords willing to participate in the Section 8 program. However, it also means competition for these tenants could be fierce, especially if many landlords are already signed up to accept Section 8 vouchers.
The median home value in ZIP 75474 is $242,977. For landlords looking to purchase a property for their first Section 8 rental, this figure provides a benchmark for the typical acquisition cost. Keep in mind that the actual price of a rental property may vary based on condition, location, and other factors.
Before you proceed with adding a Section 8 rental to your portfolio, verify that the property meets all local and federal standards for housing quality. This includes passing an inspection that ensures the property is safe, decent, and sanitary. Failure to meet these requirements can result in penalties and loss of participation in the program.
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.