Location: Pottawatomie County, OK | Metro: Oklahoma City, 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 | $870 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,120 | $157,180 | 0.71% | D |
| 3BR | $1,510 | $243,918 | 0.62% | D |
| 4BR | $1,710 | $291,496 | 0.59% | F |
U.S. Census Bureau data (2024)
The ZIP code 73045, located in Harrah, OK, stands out due to its unique mix of economic indicators and housing dynamics. With a population of 11,517, it has a relatively low rental rate of 19.0%, indicating that most residents prefer homeownership. The median income in Harrah is $81,274, which supports a robust local economy and allows residents to afford homes valued at a median of $249,142.
The voucher economics in Harrah are particularly interesting. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1080, whereas the actual market rent, according to the Census American Community Survey (ACS), is $948. This discrepancy suggests that landlords participating in the Section 8 program can expect higher rents compared to the market average, making it potentially more attractive to them.
Based on the data signature, ZIP 73045 appears to be a stable community. The high median home value and median income indicate a level of financial stability among residents. Additionally, the lower rental rate implies that homeownership is favored, which is typically associated with long-term stability and investment in the local real estate market. However, the presence of Section 8 vouchers and the slight increase in FMR over market rates suggest a transitional element, as these programs often serve as a bridge for families moving towards self-sufficiency. For landlords and small-portfolio investors, Harrah offers a blend of stable and transitional opportunities, with potential for both steady returns and participation in federal housing assistance programs.
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.