Location: Oklahoma City, OK | Metro: Oklahoma City, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
To classify ZIP code 73019 based on yield and stability, we must analyze the available data. The Fair Market Rent (FMR) for ZIP 73019 in fiscal year 2024 is set at $1130. However, the market rent and home values are currently unavailable, which limits our ability to make a direct comparison against these benchmarks.
The yield in a rental market is typically measured against the fair market rent, which indicates what landlords can charge for their units. In ZIP 73019, with an FMR of $1130, landlords can expect to charge close to this amount for one-bedroom apartments, assuming the market closely follows the FMR guidelines. This suggests a moderate yield potential, contingent upon the actual market conditions.
Stability metrics such as the percentage of renters, days on market (DOM), and median income levels are also crucial for understanding the market's reliability. Unfortunately, these figures are not provided for ZIP 73019. Without this information, it's challenging to assess the stability of the rental market in this area.
Given the limited data, we cannot definitively categorize ZIP 73019 as either a high-yield/low-stability flip-style market or a steady-cashflow zone. What we do know is that the potential for rental income is established at $1130 per month for a one-bedroom unit, but without market rent and home value comparisons, along with renter demographics and economic indicators, we cannot provide a full assessment of its yield and stability characteristics.
To conclude, while there is a clear rental price target for landlords in ZIP 73019, the absence of key market data prevents us from making a precise classification regarding the nature of the market. Further investigation into local market dynamics would be necessary to fully understand whether this represents a high-risk/high-reward scenario or a more stable investment opportunity.
Data Sources: FMR data from HUD (2027).
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.