Location: Dallas, 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 | $1,580 |
| 1 Bedroom | $1,630 |
| 2 Bedrooms | $1,920 |
| 3 Bedrooms | $2,420 |
| 4 Bedrooms | $3,070 |
| 5 Bedrooms | $3,561 |
| 6 Bedrooms | $3,988 |
| 7 Bedrooms | $4,307 |
| 8 Bedrooms | $4,522 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,920 | $495,158 | 0.39% | F |
| 3BR | $2,420 | $310,279 | 0.78% | D |
| 4BR | $3,070 | $344,223 | 0.89% | C |
U.S. Census Bureau data (2024)
The ZIP code 76207 in Denton, TX, is home to 19,862 residents, with 36.3% being renters. This indicates that the area has a substantial renter population, suggesting a significant demand for rental properties. Given the median household income of $85,330, the typical market rent of $1,756 represents approximately 21% of the monthly income for the average household. The Fair Market Rent (FMR) for the area is $1,790 for FY 2024, which closely aligns with the current market rent, indicating that the rental market is fairly priced relative to the federal guidelines.
The proximity of the market rent to the FMR implies that tenants using Section 8 vouchers would likely find it easier to secure housing within their budget. With a renter-heavy ZIP code, landlords can expect a steady flow of potential tenants who rely on vouchers. These tenants will typically have a lower income level, around or below 50% of the area's median income, which is about $42,665 per year. They are likely to be families with children, elderly individuals, or people with disabilities who qualify for the housing assistance program.
In summary, ZIP 76207 presents itself as an attractive market for landlords interested in Section 8 tenants due to its high percentage of renters and the alignment of market rents with FMR. Landlords should prepare for tenants who are financially stable but reliant on government subsidies to cover their housing costs. The expected tenant profile includes families, seniors, and individuals with special needs who are looking for affordable and quality housing options.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.