Location: Oklahoma City, 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 | $850 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,120 | $152,895 | 0.73% | D |
| 3BR | $1,520 | $308,253 | 0.49% | F |
| 4BR | $1,700 | $566,012 | 0.3% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP code 73049 does not align perfectly but offers a reasonable scenario. The HUD Fair Market Rent (FMR) for the area stands at $980 for fiscal year 2024, slightly above the Census ACS-reported market rent of $964. This suggests that landlords can expect to charge close to the FMR without significant resistance from tenants.
Acquisition in this area is relatively affordable given the median home value of $365,695. While the number of days on the market (DOM) is not available, the low 0.2% price-cut share indicates that homes are selling close to their listed prices, suggesting strong demand and stability in the housing market.
Tenant demand is moderate in ZIP 73049, which has a total population of 7,407, with 16.4% of residents being renters. This implies a smaller pool of potential tenants compared to more densely populated areas, but the percentage of renters is consistent with a stable rental market.
In conclusion, ZIP 73049 presents a balanced opportunity for landlords and small-portfolio investors. The rent math is favorable, with the FMR closely matching market conditions. Acquisition costs are manageable, and the market appears to be robust without excessive price negotiations. Tenant demand, while not high, is sufficient to support a steady rental business. Overall, the area is suitable for investment, particularly for those seeking a less competitive market environment.
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.