Location: Grady 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 | $870 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,150 | $217,245 | 0.53% | F |
| 3BR | $1,560 | $263,156 | 0.59% | F |
| 4BR | $1,750 | $328,744 | 0.53% | F |
U.S. Census Bureau data (2024)
The potential pitfalls of investing in ZIP 73065 under Section 8 include significant tenant turnover, which can be costly. The market rent stands at $1,632, while the Fair Market Rent (FMR) for FY 2024 is set at $920. This discrepancy suggests that landlords might face challenges in retaining tenants who are accustomed to higher rental subsidies. Additionally, the vacancy exposure is considerable, with an average Days on Market (DOM) of 66 days. This extended period can result in lost rental income and increased marketing expenses.
Deferred maintenance is another risk factor. With a typical home value of $279,632 and a median income of $87,358, homeowners in ZIP 73065 may struggle to keep up with property maintenance, especially if they rely heavily on rental income. Landlords should be prepared to invest in regular upkeep to maintain property standards required by Section 8.
However, these risks are tempered by the high concentration of renters in the area, with 17.3% of residents being renters. High renter density typically correlates with a greater demand for housing vouchers, potentially leading to a steady stream of Section 8 tenants. This demographic characteristic provides some assurance that there will be a consistent pool of eligible applicants seeking rental properties.
Verdict: Moderate risk for a first-time Section 8 landlord in ZIP 73065.
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.