Location: Oklahoma City, OK | Metro: Oklahoma City, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,070 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,410 |
| 3 Bedrooms | $1,920 |
| 4 Bedrooms | $2,150 |
| 5 Bedrooms | $2,494 |
| 6 Bedrooms | $2,793 |
| 7 Bedrooms | $3,016 |
| 8 Bedrooms | $3,167 |
U.S. Census Bureau data (2024)
The ZIP code 73066 stands out due to its unique demographic and economic characteristics. With only 249 residents, it represents a small community where 55.7% of the population rents their homes. Despite the low number of residents, the median income is relatively high at $117,757, which suggests that those who own property here have significant financial resources. However, the lack of data on median home values indicates either a very small sample size or that homeownership is not a dominant feature of this ZIP code.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 73066 in fiscal year 2024 is set at $1180. This figure is crucial for landlords and small-portfolio investors as it determines the maximum rental assistance payment that can be made under the Section 8 program. The absence of market rent data makes it challenging to assess how competitive this FMR is compared to typical rental rates in the area. Landlords should monitor local rental trends to ensure they remain competitive while maximizing the benefits of the Section 8 program.
The data signature for ZIP 73066 reads as transitional. The high median income alongside a significant percentage of renters could indicate a shift towards higher renter mobility or an influx of new residents who prefer renting over purchasing property. Given the limited data available on median home values and market rents, further investigation into the local real estate market is recommended to fully understand the dynamics at play. For now, the high FMR combined with a substantial portion of the population renting suggests opportunities for landlords willing to engage with the Section 8 program.
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.