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 | $720 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $950 | $68,647 | 1.38% | A |
| 3BR | $1,260 | $175,306 | 0.72% | D |
U.S. Census Bureau data (2024)
A skeptical investor considering Maysville, OK (ZIP 73057), might have several concerns regarding the viability of investing in properties that participate in the Section 8 program. Here are some common objections along with insights based on available data.
Will Fair Market Rent ($920 for zip FY 2024) cover the mortgage on a $131,484 home?
The Fair Market Rent (FMR) of $920 can be calculated against the typical mortgage payments for a home valued at $131,484. Assuming a 30-year fixed-rate mortgage at an average interest rate of around 5%, the monthly mortgage payment on such a property would be approximately $700. Therefore, the FMR of $920 would indeed cover the mortgage payment, leaving a surplus of $220 per month. This surplus can be used to cover maintenance costs, insurance, and other expenses associated with owning a rental property.
Is there enough renter demand at 20.2%?
The rental demand in Maysville, OK, is measured at 20.2%. While this percentage is lower compared to densely populated urban areas, it still represents a significant portion of the housing market. For a rural area like Maysville, a 20.2% rental rate suggests a stable demand for affordable housing. However, the data does not provide a detailed breakdown of the number of renters versus homeowners, which could offer further insight into the potential occupancy rates for new rental properties.
Will vouchers keep pace with $786 market rents?
The market rent in Maysville, OK, stands at $786. The Section 8 voucher program aims to cover a substantial portion of the rent, but whether it will keep pace with market rents depends on the specific adjustments made by the Department of Housing and Urban Development (HUD). As of the latest data, the voucher amount in Maysville, OK, has been sufficient to cover the majority of market rents, but it's crucial to monitor any changes in HUD policies or local economic conditions that could affect future payouts. The data does not specify future trends or adjustments, so caution is advised when projecting long-term financial stability based solely on current voucher amounts.
Investing in Maysville, OK, under the Section 8 program appears financially feasible given the current FMR and market rents. However, the sustainability of this investment hinges on factors such as ongoing economic conditions and policy changes that are not fully captured by the available data.
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.