Location: Payne County, OK | Metro: Oklahoma City, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
78438 In ZIP code 73063, the median income stands at $78,438, indicating a relatively stable economic base for potential tenants. 278664 The median home value in this area is $278,664, which reflects a moderate housing market. 920 For landlords and small-portfolio investors, the Fair Market Rent (FMR) for ZIP code 73063 in fiscal year 2024 is set at $920, providing a benchmark for rental pricing. 73 Renter share in this ZIP code is 7.3%, suggesting that while not a high-density rental market, there is still demand for rental properties. 78438 With the median income being $78,438, tenants should be able to afford rents close to the FMR without significant financial strain. 920 However, it's important to note that the actual market rent is not available, so investors should rely on the FMR as a guideline. 78438 Given the median income, landlords can expect tenants who are likely to maintain consistent payment patterns. 278664 The median home value also suggests that property values are reasonable, making investment in this area financially viable. 920 While the FMR is a useful tool, it's crucial to consider the local rental market dynamics and adjust accordingly. 78438 With the economic indicators pointing towards stability, Section 8 participation could offer a steady stream of income for landlords willing to comply with the program's requirements. 920 The FMR of $920 provides a clear threshold for acceptable rent levels under the Section 8 program. 78438 Although the median income and median home value indicate a middle-class neighborhood, the lack of specific data on days on market (DOM) and price-cut share leaves some uncertainty regarding the ease of renting out properties. 920 Despite these unknowns, the FMR offers a solid basis for setting rents that align with the financial capabilities of the local tenant population. 78438 In conclusion, ZIP code 73063 presents a balanced opportunity for Section 8 participation, with stable economic conditions supporting reliable tenant behavior.
920 Verdict: Section 8 is viable in ZIP 73063, with an FMR of $920 offering a clear rental guideline.
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.