Location: Garvin 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 | $740 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $980 | $92,206 | 1.06% | B |
| 3BR | $1,300 | $189,846 | 0.68% | D |
| 4BR | $1,570 | $330,886 | 0.47% | F |
U.S. Census Bureau data (2024)
A ZIP code of 73052 represents a modest-sized community with a population of 6,380 residents. It is characterized by a mix of homeowners and renters, with 29.2% of the population being renters. The median household income stands at $62,222, indicating a middle-class area where affordability is a key consideration for many. Median home values in the area are set at $152,224, reflecting a relatively affordable housing market.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 73052, as determined for fiscal year 2024, is $940. This figure contrasts with the actual market rent, which according to the Census ACS, averages around $776. The discrepancy between the FMR and the market rent suggests an opportunity for landlords and investors to capitalize on the government's willingness to reimburse higher rates through the Section 8 program, while still remaining competitive in the local rental market.
The question then becomes whether this ZIP code is suitable for a hands-off voucher operator or requires a more hands-on approach from a value-add buyer. Given the relatively low median home value and the gap between the FMR and market rent, there is potential for both strategies. A hands-off operator can benefit from the higher reimbursement rates without needing extensive property improvements. Conversely, a value-add buyer could enhance properties to command rents closer to the FMR, thereby maximizing returns while offering better quality housing to tenants.
In summary, ZIP 73052 presents a balanced opportunity for Section 8 investors. With a population of 6,380 and a median income of $62,222, it supports a mix of homeowners and renters. The FMR of $940 versus the market rent of $776 provides a clear advantage for those willing to participate in the Section 8 program. Both hands-off and hands-on investment strategies have merit, depending on the investor's goals and resources.
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.