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 | $1,320 |
| 1 Bedroom | $1,360 |
| 2 Bedrooms | $1,600 |
| 3 Bedrooms | $2,010 |
| 4 Bedrooms | $2,560 |
| 5 Bedrooms | $2,970 |
| 6 Bedrooms | $3,326 |
| 7 Bedrooms | $3,592 |
| 8 Bedrooms | $3,772 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,600 | $214,386 | 0.75% | D |
| 3BR | $2,010 | $281,571 | 0.71% | D |
| 4BR | $2,560 | $346,753 | 0.74% | D |
U.S. Census Bureau data (2024)
1630 is the Fair Market Rent (FMR) for ZIP 76209 in Denton, TX, for fiscal year 2024, indicating the maximum amount Section 8 vouchers can cover. 1363 is the actual market rent (ZORI) in the area, showing that the FMR is slightly above the typical rental cost. 291903 represents the median home value, which is a significant figure for assessing property values in the region. 53.8% is the share of renters in Denton, highlighting a substantial demand for rental properties. 75069 is the median income, providing insight into the financial capacity of the local population. 52 days is the average Days on Market (DOM), suggesting a relatively quick turnover for listings. Lastly, 0.3% is the share of homes experiencing price cuts, an indicator of a stable housing market. In summary, the gap between the FMR and ZORI, coupled with a high renter share and low price-cut share, makes ZIP 76209 a favorable location for Section 8 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.