Location: Caddo County, OK | Metro: Caddo County, OK
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 | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,220 |
| 5 Bedrooms | $1,415 |
| 6 Bedrooms | $1,585 |
| 7 Bedrooms | $1,712 |
| 8 Bedrooms | $1,798 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $930 | $37,967 | 2.45% | A+ |
| 3BR | $1,180 | $112,040 | 1.05% | B |
| 4BR | $1,220 | $147,621 | 0.83% | C |
U.S. Census Bureau data (2024)
36.0% of residents in ZIP code 73005 are renters, indicating a significant demand for rental properties in Anadarko, Oklahoma. The $940 Fair Market Rent (FMR) for the metro area in fiscal year 2026 highlights the current subsidy levels available to tenants through the Section 8 program. Comparatively, the $766 market rent as per the Census ACS reflects the actual rental rates landlords can expect in the local market. Given the median home value stands at $67,679, potential investors should consider this figure when evaluating property purchase costs and resale values.
The median income of $46,176 provides insight into the financial capabilities of the local population, suggesting that a portion of renters may rely on government assistance to cover their housing expenses. While the data does not specify the average days on market (DOM) or the percentage of homes that have had their prices cut, these factors are typically influenced by the broader economic conditions and the supply-demand dynamics in the housing market.
Investors looking to capitalize on the Section 8 program in ZIP 73005 should be aware of the subsidy levels and the actual market rents. With the FMR set at $940, landlords can potentially receive higher subsidies compared to the current market rent of $766, which could make properties in this area attractive to those seeking stable rental income. Additionally, the relatively low median home value of $67,679 suggests that there may be opportunities to acquire properties at a lower cost, especially if targeting areas with a high renter share.
However, the investment potential also depends on the ability to attract and retain tenants who qualify for the Section 8 program. Landlords must ensure their properties meet the Housing Quality Standards (HQS) required by the program and be prepared to manage the administrative aspects associated with receiving housing vouchers.
A final consideration is the economic health of the area, represented by the median income figure. At $46,176, it indicates that while some residents may struggle to afford housing without assistance, the overall economic conditions may limit the pool of potential tenants who can contribute additional income beyond what the Section 8 program provides.
Verdict: ZIP 73005 presents a viable opportunity for Section 8 landlords and small-portfolio investors, given the favorable subsidy levels and low median home values.
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.