Location: Washita County, OK | Metro: Lawton, 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 | $710 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $54,768 | 1.68% | A+ |
| 3BR | $1,260 | $108,069 | 1.17% | B |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 73062, encompassing Mountain View, OK, and parts of Kiowa and Washita Counties, presents a unique opportunity for real-estate investors. According to HUD's Fair Market Rent (FMR) for the fiscal year 2026, the metro-wide FMR stands at $940. However, the Census ACS data reveals that the current market rent is significantly lower, averaging $489. This substantial gap between the HUD FMR and actual market rents means that voucher tenants can easily cashflow at the FMR rate, providing landlords with a reliable income source.
To further analyze the investment potential, consider the median home value in this area, which is $88,330. The disparity between the market rent of $489 and the median home value indicates a favorable rent-to-price ratio, suggesting that rental properties in this ZIP code offer better returns compared to purchasing homes. Given the lower median Days on Market (DOM) and minimal price-cutting percentages, it's evident that the buy-versus-rent dynamics heavily favor renting in this region.
The strongest angle for Section 8 investors in ZIP 73062 is cashflow. With the HUD FMR far exceeding the current market rents, landlords can expect steady and predictable income from voucher tenants, making this an attractive option for those seeking financial stability through rental investments.
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.