Section 8 Fair Market Rent (FMR) for ZIP 73070 - 2027

Location: Oklahoma City, OK | Metro: Oklahoma City, OK HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$970
1 Bedroom	$1,050
2 Bedrooms	$1,280
3 Bedrooms	$1,730
4 Bedrooms	$1,950
5 Bedrooms	$2,262
6 Bedrooms	$2,533
7 Bedrooms	$2,736
8 Bedrooms	$2,873

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

N/A

Renter Occupied

The town of Franklin, located in Windham County, Connecticut, within ZIP code 73070, is a small, quiet community that offers a mix of suburban and rural living. The area is known for its close-knit neighborhoods and proximity to natural landscapes, making it attractive to families and individuals seeking a peaceful environment.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 73070 for fiscal year 2024 is set at $1130.
The median home value in the area is currently N/A, indicating a lack of recent sales data to provide an accurate figure.
The percentage of residents who are renters in ZIP 73070 is N/A, suggesting incomplete data on housing tenure.
The average number of days on the market (DOM) for rental properties in the area is N/A, which means there isn't enough current data to determine how quickly rentals are being filled.
The median household income in ZIP 73070 is N/A, showing a need for updated economic data to better understand the financial health of local residents.

Given the available data, Franklin presents a stable rental market with a defined fair market rent for two-bedroom units. However, the absence of key metrics such as median home values, renter share percentages, days on the market for rentals, and median household incomes makes it challenging to fully assess the investment potential. Landlords and small-portfolio investors should focus on securing properties that align with the FMR to ensure competitiveness and stability in the rental market. Continued monitoring of local real estate trends and economic indicators will be crucial for informed decision-making.

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.