About This Property
Pegasus Villas consists of 156 apartments in Dallas, Texas, with 124 units designated for low-income households. The community offers a mix of 87 one-bedroom and 69 two-bedroom units and has been in service since 2005. The property is financed through 9% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Housing Authority of the City of Dallas, Texa
Pre-applications are accepted on an ongoing basis through a lottery system. Applications remain on the waiting list for up to 18 months before expiring, after which a new application can be submitted. A lottery is run when housing becomes available.
Pre-applications are accepted on an ongoing basis through a lottery system. Applications remain on the waiting list for up to 18 months before expiring, after which a new application can be submitted. A lottery is run when voucher funds become available.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Dallas County, TX
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,426 |
| 1 Bedroom | $1,500 |
| 2 Bedroom | $1,758 |
| 3 Bedroom | $2,212 |
| 4 Bedroom | $2,847 |
Income Limits - Dallas County, TX
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,700
- Very Low (50%)
- $31,150
- Low (80%)
- $49,850
- Extremely Low (30%)
- $21,400
- Very Low (50%)
- $35,600
- Low (80%)
- $57,000
- Extremely Low (30%)
- $24,050
- Very Low (50%)
- $40,050
- Low (80%)
- $64,100
- Extremely Low (30%)
- $26,700
- Very Low (50%)
- $44,500
- Low (80%)
- $71,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $48,100
- Low (80%)
- $76,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $51,650
- Low (80%)
- $82,600
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $55,200
- Low (80%)
- $88,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $58,750
- Low (80%)
- $94,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,700 | $31,150 | $49,850 |
| 2 Persons | $21,400 | $35,600 | $57,000 |
| 3 Persons | $24,050 | $40,050 | $64,100 |
| 4 Persons | $26,700 | $44,500 | $71,200 |
| 5 Persons | $31,040 | $48,100 | $76,900 |
| 6 Persons | $35,580 | $51,650 | $82,600 |
| 7 Persons | $40,120 | $55,200 | $88,300 |
| 8 Persons | $44,660 | $58,750 | $94,000 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Dallas, TX?+
The Fair Market Rent (FMR) for Dallas County, TX is: $1426 (Studio), $1500 (1BR), $1758 (2BR), $2212 (3BR), $2847 (4BR). Actual rent at subsidized properties like Pegasus Villas is typically 30% of household income or less.
What size apartments are available at Pegasus Villas?+
Pegasus Villas offers the following unit types: 87 One-Bedroom, 69 Two-Bedroom units, for a total of 156 units.
What are the income limits for affordable housing in Dallas County, TX?+
For a 4-person household in Dallas County, TX, the income limits are: Extremely Low Income (30% AMI): $26,700, Very Low Income (50% AMI): $44,500, Low Income (80% AMI): $71,200. These limits are set by HUD and updated annually.
Is there a waitlist for Pegasus Villas?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Pegasus Villas?+
Pegasus Villas is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Dallas, TX?+
Based on Fair Market Rent for Dallas County, the estimated price range is: 1-bedroom: $1500, 2-bedroom: $1758. Actual rent at Pegasus Villas may be lower for income-eligible households.
How do I apply for housing at Pegasus Villas?+
Pegasus Villas is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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