Section 8 Fair Market Rent (FMR) for ZIP 73074 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$700
1 Bedroom	$710
2 Bedrooms	$930
3 Bedrooms	$1,230
4 Bedrooms	$1,510
5 Bedrooms	$1,752
6 Bedrooms	$1,962
7 Bedrooms	$2,119
8 Bedrooms	$2,225

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,208

Median Household Income

$78,088

Housing Units

522

Renter Percentage

20.7%

Occupancy Rate

84.3%

Renter Occupied

Housing Authorities Serving ZIP 73074

Housing Authority of the City of Pauls Valley (Pauls Valley, OK)
Housing Authority of the Town of Stratford (Stratford, OK)
Housing Authority of the City of Wynnewood (Wynnewood, OK)

The town of Paoli, Oklahoma, located in ZIP code 73074, is a small rural community with a population that relies heavily on rental properties. This analysis provides insights into the local real estate market, focusing on key metrics relevant to landlords and small-portfolio investors.

The Fair Market Rent (FMR) for ZIP 73074 is set at $920 per month for the fiscal year 2024, indicating the government's benchmark for affordable housing in the area.
The average market rent, according to Census ACS data, stands at $828 per month, suggesting that the actual rental rates are slightly below the FMR.
The median home value in Paoli, OK, is $146,739, which is relatively low compared to larger urban areas, making it accessible for investment.
Renters make up 20.7% of the local housing market, reflecting a significant portion of the population that relies on rental properties.
Due to limited data availability, the number of days on market (DOM) for rental listings is not provided, but the low median home value implies a competitive market for both buying and renting.
The median household income in the area is $78,088, which supports the potential for steady rental income, even if rents are modest.

Investors looking to enter the Paoli, OK, market should note the discrepancy between the FMR and the actual market rent, which could present opportunities for increasing rents without pricing out tenants. The high renter share and moderate median income indicate a stable demand for rental properties, though the low median home values suggest that competition for quality rentals will be fierce. Given these factors, purchasing homes at or below the median value and renting them out close to the FMR could yield favorable returns for landlords and small-portfolio investors.

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.