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 | $910 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,830 |
| 5 Bedrooms | $2,123 |
| 6 Bedrooms | $2,378 |
| 7 Bedrooms | $2,568 |
| 8 Bedrooms | $2,696 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,450 | $226,930 | 0.64% | D |
U.S. Census Bureau data (2024)
The ZIP code 75496 is situated in a suburban neighborhood characterized by a relatively small population of 2,893 residents. This area is predominantly owner-occupied, with only 21.9% of the residents being renters. The median household income in this region stands at $64,808, indicating a middle-class community. Median home values in ZIP 75496 are notably high at $270,505, reflecting the area's status as an upper-middle-class suburb.
Turning to the rent economics, the Fair Market Rent (FMR) for ZIP 75496 as of the fiscal year 2024 is set at $1,250. In contrast, the actual market rent based on Census ACS data is significantly lower at $850. This discrepancy suggests a potential opportunity for landlords who can offer quality rental properties at rates closer to the FMR while still attracting tenants from the local area.
Given these economic conditions, ZIP 75496 would be suitable for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the area’s higher FMR compared to market rent means that Section 8 vouchers can cover a substantial portion of the rental cost, reducing financial risk. However, for value-add buyers, there is room to improve property values and rents to capitalize on the higher FMR, thereby increasing returns over time.
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.