FMR is below market; voucher rent may lag private rents.
0.81
1 BR
1 BR
0.69ratio
FMR$1,210
Market$1,760
vs market-$550
FMR is below market; voucher rent may lag private rents.
0.69
2 BR
2 BR
0.71ratio
FMR$1,420
Market$2,000
vs market-$580
FMR is below market; voucher rent may lag private rents.
0.71
3 BR
3 BR
0.80ratio
FMR$1,790
Market$2,250
vs market-$460
FMR is below market; voucher rent may lag private rents.
0.80
4 BR
4 BR
0.80ratio
FMR$2,260
Market$2,840
vs market-$580
FMR is below market; voucher rent may lag private rents.
0.80
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 75247 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 75247 (Dallas, TX) is $1,420 a month. That is down 9.6% from $1,570 in FY 2026. Dallas 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, 75247 has the 131st-highest two-bedroom rent (county range $1,130–$2,710). The median county two-bedroom FMR in Texas is $1,105, so ZIP 75247 is 29% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 75247
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,290
$1,170
−9.3%
$1,053–$1,287
1BR
$1,340
$1,210
−9.7%
$1,089–$1,331
2BR
$1,570
$1,420
−9.6%
$1,278–$1,562
3BR
$1,980
$1,790
−9.6%
$1,611–$1,969
4BR
$2,510
$2,260
−10.0%
$2,034–$2,486
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 75247
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,170
$1,210
$1,420
$1,790
$2,260
FY 2026
$1,290
$1,340
$1,570
$1,980
$2,510
FY 2025
$1,230
$1,300
$1,520
$1,900
$2,450
FY 2024
$1,100
$1,150
$1,350
$1,700
$2,190
FY 2023
$960
$1,010
$1,190
$1,500
$1,960
Two-bedroom rent in nearby Dallas County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 75247?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,420, that basic range is $1,278 to $1,562 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 75247 in?
ZIP 75247 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 75247 for FY 2027?
The two-bedroom FMR fell 9.6%, from $1,570 in FY 2026 to $1,420 in FY 2027. Since FY 2023 it has risen 19.3%.
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