Location: Caddo County, OK | Metro: Lawton, OK HUD Metro FMR Area
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 | $730 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $72,051 | 1.28% | A |
| 3BR | $1,260 | $147,437 | 0.85% | C |
U.S. Census Bureau data (2024)
The median income in ZIP code 73006, Apache, OK, stands at $51,563. At the market rate of $721 per month, as reported by the Census ACS, it becomes evident that a significant portion of the population faces challenges in affording housing. This figure represents a substantial monthly expense for households, especially considering the overall income level.
In comparison, the Fair Market Rent (FMR) standard for voucher payments in ZIP 73006 for fiscal year 2024 is set at $890. This amount exceeds the market rate, indicating that voucher recipients have the potential to secure housing that may otherwise be out of reach based on their income.
With 20.3% of the 2,424 residents being renters, the competition for affordable housing is keen. The affordability gap between the median income and the market rent suggests that many renters might struggle to find suitable housing without financial assistance such as vouchers.
The disparity between the market rate and the FMR payment standard highlights a key consideration for landlords. Accepting voucher payments can provide a stable and reliable income stream, given the higher payment threshold compared to the market rate. However, landlords must also weigh the administrative requirements and potential delays associated with voucher programs against the benefits of receiving cash-paying tenants who may offer less financial security but fewer bureaucratic hurdles.
Takeaway: For landlords in ZIP 73006, embracing voucher programs can be a strategic move to attract tenants in a competitive market where many individuals face affordability issues. The FMR payment of $890 offers a higher rental income than the market rate of $721, making it an attractive option despite the additional paperwork and time involved.
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.