Section 8 Fair Market Rent (FMR) for ZIP 73061 - 2027

Location: Noble County, OK | Metro: Pawnee County, OK HUD Metro FMR Area

Investment Score for ZIP 73061

N/A

Monthly Rent (2BR)

$1,250

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$950
1 Bedroom	$960
2 Bedrooms	$1,250
3 Bedrooms	$1,510
4 Bedrooms	$1,990
5 Bedrooms	$2,308
6 Bedrooms	$2,585
7 Bedrooms	$2,792
8 Bedrooms	$2,932

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,510	$223,669	0.68%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,794

Median Household Income

$91,250

Housing Units

770

Renter Percentage

20.4%

Occupancy Rate

77.7%

Renter Occupied

122

The analysis of ZIP code 73061 in Noble County, Oklahoma reveals key insights for landlords and small-portfolio investors.

Does the rent math work? The Fair Market Rent (FMR) for ZIP 73061 in fiscal year 2024 is set at $1050, while the market rent based on Census ACS data is $992. This indicates that landlords can expect a slight premium when renting properties compared to the current market rate, though the difference is marginal.
Is acquisition affordable? With a median home value of $224,265, acquiring a property in this ZIP code is relatively affordable. However, the lack of data on days on market (DOM) and the percentage of homes needing price cuts suggests that the local real estate market might be stable but lacks recent transactional data for a comprehensive assessment.
Is there tenant demand? The ZIP code has a population of 1,794, with 20.4% of residents being renters. This translates to approximately 366 potential tenants, which is a modest but manageable pool of demand given the size of the community.

A verdict on ZIP 73061 reveals a mixed picture. While the slight premium in FMR over market rent offers a minor advantage, the affordability of acquisition is clear with the median home value. The tenant demand, however, is limited by the small population size. Landlords should proceed cautiously, considering the stable yet low-demand rental environment and the absence of recent real estate transaction trends.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.