Location: Washita County, OK | Metro: Caddo County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The ZIP code 73021 presents a dynamic rental market, influenced by several key factors. The Fair Market Rent (FMR) for the area is set at $940 for the fiscal year 2026, indicating an expected upward trend in rental costs. Currently, the market rent stands at $736 according to the latest Census American Community Survey (ACS) data, suggesting that rents are below the FMR and likely to increase as the market adjusts.
A median home value of $190,192 suggests that homeownership is relatively affordable compared to the national average. However, the lack of specific data on the percentage of price cuts and days on market (DOM) means we cannot definitively conclude whether supply currently outpaces demand or vice versa. This ambiguity points to a balanced market, where neither landlords nor tenants hold a significant advantage.
The 29.7% renter share highlights a substantial portion of the population that relies on renting. This figure indicates ongoing housing pressure, as a higher proportion of renters can lead to increased competition for rental properties over time. Landlords in ZIP 73021 should prepare for sustained interest in their rental offerings, as the demand for affordable housing is likely to remain strong.
In summary, ZIP 73021 is a market in flux, with rental prices below the FMR and a notable renter share. These conditions suggest a potential for rising rents and continued tenant interest in the area, making it an attractive location for those looking to invest in rental properties. The balance between supply and demand remains unclear without more detailed data, but the overall trajectory points towards a growing rental market.
Data Sources: FMR data from HUD (2027). 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.