Location: Caddo County, OK | Metro: Caddo County, OK
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 73053 is primarily characterized by a relatively low percentage of renters at 22.2%, indicating that it is not heavily dominated by rental housing. This suggests that the area leans more towards homeownership, which can impact the availability and utilization of Section 8 housing vouchers.
Average market rent in this ZIP code stands at $681 per month, while the Fair Market Rent (FMR) for the metro area is set at $940 for FY 2026. Given the median household income of $76,591, the typical rent of $681 constitutes approximately 10.5% of the annual income when spread over a year, making it affordable for most residents.
To put this into perspective, the $681 market rent is 72.4% of the FMR, suggesting that rental properties in 73053 are below the average cost for the broader metropolitan area. This lower rent could be advantageous for tenants on fixed incomes such as those receiving Section 8 vouchers, who might find it easier to secure housing within their budget constraints.
Landlords in ZIP 73053 can expect a mix of tenants, but those specifically seeking Section 8 housing will likely represent a smaller portion of the overall rental market due to the higher homeowner ratio. However, the affordability of rents relative to the FMR and median income means that Section 8 tenants can still find suitable housing without significant financial strain.
In summary, while ZIP 73053 is not a renter-heavy area, the relatively low market rents compared to both the FMR and median income make it accessible for Section 8 tenants. Landlords should prepare for a diverse tenant pool, with Section 8 tenants forming a segment that benefits from the area's affordability.
Data Sources: FMR data from HUD (2027). 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.