Location: Caddo County, OK | Metro: Caddo County, OK
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 | $700 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,200 |
| 5 Bedrooms | $1,392 |
| 6 Bedrooms | $1,559 |
| 7 Bedrooms | $1,684 |
| 8 Bedrooms | $1,768 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $86,416 | 1.06% | B |
| 3BR | $1,160 | $161,779 | 0.72% | D |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 73029, Cyril, OK, presents a unique set of conditions that can inform investment decisions for both short-term and long-term strategies. The median home value stands at $118,645, indicating a relatively affordable market. However, the absence of data on the percentage of listings that have been reduced and the median days on market (DOM) suggests stability in the housing market, where neither significant increases nor decreases in listing prices are observed.
This stability in pricing power implies that landlords and small-portfolio investors can maintain their current rental rates without fear of immediate downward pressure from competing properties. The Federal Market Rent (FMR) for the metro area is projected to be $970 in fiscal year 2026, which contrasts sharply with the current market rate of approximately $700 based on Census ACS data. This gap signals potential upward movement in rental prices as the market aligns with federal standards, providing an opportunity for landlords to gradually increase rents without risking tenant loss to cheaper alternatives.
For long-hold investors, the setup in ZIP 73029 suggests a modest appreciation thesis. While the data does not provide specific percentages, the historical trend of property values increasing over time, combined with the potential for rental price adjustments, supports a positive outlook. As rental prices approach the FMR, the demand for housing in Cyril may rise, driving up property values due to increased desirability and occupancy rates.
However, it's important to note that the lack of specific DOM and listing reduction percentages indicates a need for caution. Investors should closely monitor local economic indicators, such as employment growth and migration patterns, to understand how they might impact the real estate market. Additionally, keeping abreast of any changes in municipal regulations or tax policies could affect both property values and rental income.
In summary, the current median home value and the expected trajectory of rental prices toward the FMR suggest a favorable environment for maintaining pricing power and achieving modest appreciation over the next 12-24 months. Investors should leverage this insight to make informed decisions, balancing the affordability of Cyril's housing with the potential for rental rate increases and gradual property value appreciation.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.