Location: Fannin 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 | $850 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,530 | $302,116 | 0.51% | F |
U.S. Census Bureau data (2024)
The ZIP code 75491 is situated in a suburban neighborhood characterized by a relatively small population of 5,471 residents. This area has a modest rental presence, with only 18.2% of the population being renters, indicating a predominantly owner-occupied community. The median household income in this ZIP is strong at $79,386, reflecting a middle to upper-middle-class demographic. Median home values stand at $342,943, suggesting that homeownership is both attainable and valued in this region.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for ZIP 75491 in fiscal year 2024 is set at $1,010. In contrast, the market rent, according to the latest Census American Community Survey (ACS), is $941. This indicates that Section 8 vouchers can cover slightly more than the average market rent, providing a margin that could be beneficial for landlords willing to accept vouchers. However, the difference between the FMR and market rent is not substantial, which means there might not be significant profit margins for those solely interested in hands-off operations.
Given these economic parameters, ZIP 75491 would likely suit a hands-on value-add buyer rather than a hands-off voucher operator. The slightly higher FMR compared to the market rent can be advantageous, but the overall economic landscape suggests that active management and property improvements could yield better returns. Landlords who are prepared to invest time and resources into maintaining and enhancing their properties will find the environment conducive to maximizing their investment potential.
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.