Section 8 Fair Market Rent (FMR) for ZIP 73055 - 2027

Location: Stephens County, OK | Metro: Lawton, OK HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$750
1 Bedroom	$750
2 Bedrooms	$930
3 Bedrooms	$1,280
4 Bedrooms	$1,520
5 Bedrooms	$1,763
6 Bedrooms	$1,975
7 Bedrooms	$2,133
8 Bedrooms	$2,240

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

10,064

Median Household Income

$65,991

Housing Units

4,458

Renter Percentage

21.6%

Occupancy Rate

88.6%

Renter Occupied

854

Housing Authorities Serving ZIP 73055

Housing Authority of the City of Lawton (Lawton, OK) - 129 Section 8 vouchers
Housing Authority of the Town of Cache (Cache, OK)
Housing Authority of the City of Comanche (Comanche, OK)
Housing Authority of the City of Minco (Minco, OK)
Housing Authority of the Town of Sterling (Sterling, OK)
Housing Authority of the Town of Tuttle (Tuttle, OK)
Housing Authority of the Town of Indiahoma (Indiahoma, OK)

The ZIP code 73055, located in Oklahoma, offers a stable rental market with modest housing values and a significant portion of renters. This area is characterized by its affordability and accessibility, making it an attractive option for both tenants and investors.

The Fair Market Rent (FMR) for ZIP 73055 in fiscal year 2024 is set at $890, providing a benchmark for rental pricing that landlords should consider.
The actual market rent, according to the latest Census American Community Survey (ACS), stands at $940, slightly above the FMR, indicating a competitive rental environment.
The median home value in the area is $176,918, which is relatively low compared to national averages, suggesting potential for property appreciation.
Renters make up 21.6% of the population, highlighting a significant demand for rental properties and underscoring the importance of maintaining a balance between owner-occupied and rental units.
The median household income in ZIP 73055 is $65,991, which is below the national average but still sufficient to support the current rental rates.

Investors in ZIP 73055 can expect a modest but steady rental market, with a slight premium over the government-set FMR. The lower median home value presents opportunities for capital appreciation, while the substantial renter share indicates strong demand for rental properties. Given the median income levels, tenants should be able to afford the current rents, ensuring a stable cash flow for landlords and small-portfolio investors. However, competition among rental properties may require attention to detail and maintenance to attract and retain tenants.

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.