Location: Grady County, OK | Metro: Grady County, 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 | $720 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $800 | $66,477 | 1.2% | A |
| 2BR | $1,040 | $91,788 | 1.13% | B |
| 3BR | $1,400 | $173,226 | 0.81% | C |
| 4BR | $1,740 | $231,453 | 0.75% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 73018, Chickasha, OK, for fiscal year 2024 is set at $890. This figure represents the maximum amount that the U.S. Department of Housing and Urban Development (HUD) will pay towards a tenant's rent under the Section 8 housing program. It does not mean that you will receive $890 as rent; rather, it is the benchmark used to determine eligibility and payment standards.
To put this into perspective, the local Zillow Observed Rent Index (ZORI) for ZIP 73018 is currently at $1,269. This indicates that the average market rent for properties in this area exceeds the FMR. As a landlord participating in Section 8, you can charge up to the ZORI rate, but HUD will only cover up to $890 per month. The difference must be paid by the tenant, who is responsible for covering the portion above the FMR.
The 40.3% renter share in Chickasha suggests a moderate demand for rental properties. This means that slightly over 40% of households in the area are renters, indicating a steady pool of potential tenants. However, it also implies that there is competition among landlords for these tenants, especially those seeking assistance through Section 8.
If you're considering purchasing a property to use as a Section 8 rental, the median home value in ZIP 73018 is approximately $156,668. This figure reflects the typical cost of acquiring a home in this area, which is crucial when evaluating your investment. Keep in mind that this price does not guarantee profitability, and you should consider other factors such as maintenance costs, vacancy rates, and property taxes.
Before making a decision to enter the Section 8 market, verify that the property meets all the necessary requirements for the program. This includes passing a thorough inspection to ensure it adheres to HUD's health and safety standards. Failure to meet these criteria could result in penalties or disqualification from the program, so it's essential to confirm compliance before proceeding.
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.