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 | $830 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,090 | $128,247 | 0.85% | C |
| 3BR | $1,480 | $219,672 | 0.67% | D |
| 4BR | $1,660 | $302,214 | 0.55% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 73051, Slaughterville, OK, reveals a competitive but manageable rental environment. The HUD Fair Market Rent (FMR) for ZIP 73051 is set at $920 for fiscal year 2024. In contrast, the Census American Community Survey (ACS) reports a market rent of $990. This difference indicates that voucher tenants will cashflow at the FMR rate, albeit marginally, requiring landlords to manage costs carefully to ensure profitability.
To further understand the investment landscape, consider the median home value in ZIP 73051, which stands at $200,665. Using this figure, we can derive a rent-to-price ratio of approximately 0.55%, calculated by dividing the average monthly rent ($990) by the median home value ($200,665) and multiplying by 100. This ratio suggests that the rental market is relatively stable compared to home values, offering a solid foundation for long-term investments.
The median days on market (DOM) for homes in this area is not available, and the share of homes that have had price cuts is only 0.3%. These metrics indicate a strong seller's market, where homes are likely to sell quickly without significant discounts. However, they do not directly impact the decision-making process for rental properties, as the focus remains on the steady income from rentals rather than the fluctuation in home sales.
The strongest investor angle in ZIP 73051 is stability. Given the marginal cashflow from voucher tenants and the relatively low risk of price fluctuations, investors can expect consistent returns with minimal market volatility. This makes the area particularly attractive for those seeking reliable, long-term rental income.
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.