ZIP 75007 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 75007 in the Dallas, TX FMR area.

$1,520Efficiency
$1,5601 bedroom
$1,8402 bedrooms
$2,3203 bedrooms
$2,9504 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,520$1,368$1,672$1,491
1 bedroom$1,560$1,404$1,716$1,536
2 bedrooms$1,840$1,656$2,024$1,807
3 bedrooms$2,320$2,088$2,552$2,275
4 bedrooms$2,950$2,655$3,245$2,892

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 75007

$86,393average adjusted gross income per tax return (2022)
$64,985average salaries and wages per return
26,470tax returns filed
26%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00023.8%
$25,000 to $50,00021.4%
$50,000 to $75,00015.6%
$75,000 to $100,00010.4%
$100,000 to $200,00020.7%
$200,000 or more8.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 11.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 75007?

HUD's FY2027 Small Area FMRs for ZIP 75007 (Dallas, TX) are $1,520 efficiency, $1,560 one bedroom, $1,840 two bedrooms, $2,320 three and $2,950 four bedrooms.

What payment standard can a housing authority set in ZIP 75007?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,656 to $2,024.

How affordable is rent in ZIP 75007?

Tax returns filed from ZIP 75007 reported an average adjusted gross income of $86,393 (2022). A two-bedroom unit at the Small Area FMR costs $22,080 a year, or 26% of that income.