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 | $720 |
| 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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $79,853 | 1.15% | B |
| 3BR | $1,260 | $176,459 | 0.71% | D |
U.S. Census Bureau data (2024)
The ZIP code 73017, located in Cement, OK within the Caddo County, OK metro, presents a unique profile when compared against typical ZIP codes in the county. With a Fair Market Rent (FMR) of $890 for fiscal year 2024, it aligns closely with the national standards set by HUD for determining eligibility for housing assistance programs.
In contrast, the market rent for 73017 stands at $676, which is notably lower than the FMR. This indicates that while the government benchmark for rental assistance is higher, actual rents in the area are more affordable, potentially making it an attractive location for both landlords and tenants participating in Section 8 programs.
The median home value in 73017 is listed at $94,810. This figure is significantly below the average home values typically found in Caddo County, suggesting that this ZIP code could be considered a value pocket within the broader metro area. Lower home values often correlate with areas where there is a greater demand for affordable housing options, such as those supported by Section 8 vouchers.
Additionally, the renter share in 73017 is 21.1%, indicating a moderate proportion of residents who rent their homes. This percentage is consistent with the typical mix of homeowners and renters seen in many rural ZIP codes across the United States. However, the combination of a relatively high renter share with below-average home values can signal a favorable environment for Section 8 participation. Landlords in this area may find that offering rentals at market rates can still attract tenants with vouchers, given the lower overall cost of living.
Summarizing, 73017 appears to be a value pocket within the Caddo County, OK metro. The discrepancy between the FMR and market rent, along with the below-average home values, suggests a market where Section 8 can play a significant role in facilitating affordable housing solutions. For landlords and small-portfolio investors, this ZIP code offers opportunities to serve a segment of the population reliant on rental assistance without necessarily facing the challenges of higher-priced markets.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.