FMR is near market; voucher and private rents are aligned.
1.04
2 BR
2 BR
1.06ratio
FMR$1,720
Market$1,620
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.06
3 BR
3 BR
1.05ratio
FMR$2,170
Market$2,070
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.05
4 BR
4 BR
1.15ratio
FMR$2,750
Market$2,390
vs market+$360
FMR is above market; underwrite to market rent.
1.15
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 75045 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 75045 (Garland, TX) is $1,720 a month. That is down 6.5% from $1,840 in FY 2026. Garland is in the Dallas, TX HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 139 ZIP codes in Dallas County, 75045 is tied for the 56th-highest two-bedroom rent (county range $1,130–$2,710). The median county two-bedroom FMR in Texas is $1,105, so ZIP 75045 is 56% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 75045
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,510
$1,420
−6.0%
$1,278–$1,562
1BR
$1,570
$1,460
−7.0%
$1,314–$1,606
2BR
$1,840
$1,720
−6.5%
$1,548–$1,892
3BR
$2,320
$2,170
−6.5%
$1,953–$2,387
4BR
$2,950
$2,750
−6.8%
$2,475–$3,025
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 75045
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,420
$1,460
$1,720
$2,170
$2,750
FY 2026
$1,510
$1,570
$1,840
$2,320
$2,950
FY 2025
$1,460
$1,530
$1,800
$2,260
$2,900
FY 2024
$1,360
$1,430
$1,680
$2,110
$2,720
FY 2023
$1,200
$1,260
$1,490
$1,880
$2,450
Two-bedroom rent in nearby Dallas County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 75045?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,720, that basic range is $1,548 to $1,892 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is ZIP 75045 in?
ZIP 75045 is in the Dallas, TX HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in ZIP 75045 for FY 2027?
The two-bedroom FMR fell 6.5%, from $1,840 in FY 2026 to $1,720 in FY 2027. Since FY 2023 it has risen 15.4%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set