Location: Oklahoma City, OK | Metro: Oklahoma City, 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 | $920 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,220 | $129,575 | 0.94% | C |
| 3BR | $1,650 | $183,895 | 0.9% | C |
| 4BR | $1,860 | $245,142 | 0.76% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 73008, Bethany, OK, for fiscal year 2024 is set at $1070. This figure represents the maximum amount that the U.S. Department of Housing and Urban Development (HUD) will pay to cover a tenant's rent under the Section 8 housing voucher program. It is not the actual rent you can charge your tenants.
In comparison, the Zillow Observed Rent Index (ZORI), which reflects the average rent prices in the area, stands at $1,189. This suggests that the market rent in Bethany slightly exceeds the HUD's payment standard, meaning landlords participating in the Section 8 program might receive less than the typical market rate for rentals in this ZIP code.
The renter share in Bethany is 46.0%, indicating that nearly half of the households in the area are renters. This high percentage signals strong demand for rental properties, making it a viable market for those interested in entering the rental business, especially through the Section 8 program.
If you're considering purchasing a property to use as a Section 8 rental, the median home value in Bethany is around $178,849. This gives you an idea of the acquisition cost for a property in this ZIP code. While this investment may seem significant, the steady income from the Section 8 program can provide financial stability and a predictable cash flow.
Before proceeding with a Section 8 rental in Bethany, it is crucial to verify that your property meets all the necessary requirements set by HUD, including inspection standards and rent limits. Ensure that the property is in good condition and complies with health and safety regulations to avoid any issues that could delay or prevent participation in the program.
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.