Location: Kingfisher County, OK | Metro: Oklahoma City, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The ZIP code 73028, located in Crescent, OK, is part of Logan County and has a unique profile among its peers. With a total population of 3,389 residents, it stands out due to its relatively high rental rate at 29.0%. The median income in this area is $56,372, which is modest compared to the median home value of $166,186, indicating that homeownership is a significant factor in the local economy.
The economic dynamics of Section 8 vouchers in ZIP 73028 are compelling. The Fair Market Rent (FMR) for a one-bedroom apartment in the zip code for fiscal year 2024 is set at $1030, while the market rent based on Census ACS data is $798. This difference suggests that landlords who accept Section 8 vouchers can expect to receive higher rents than the current market rate, potentially making the ZIP code attractive for those looking to maximize their rental income through the program.
Given the data signature of ZIP 73028, the area reads as stable. The median income and home values suggest a consistent economic environment where homeownership is valued. Additionally, the gap between the FMR and market rent indicates that the Section 8 program can provide a reliable source of income for landlords, even as the local rental market remains competitive. For small-portfolio investors, this ZIP code presents an opportunity to leverage the Section 8 program's financial support while operating in a stable economic setting.
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.