Location: Garvin County, OK | Metro: Garvin County, OK
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 | $700 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $82,886 | 1.11% | B |
| 3BR | $1,220 | $189,491 | 0.64% | D |
| 4BR | $1,510 | $334,051 | 0.45% | F |
U.S. Census Bureau data (2024)
The Section 8 program in ZIP code 73075, which encompasses Pauls Valley, OK, presents a unique opportunity for landlords and small-portfolio investors due to the disparity between the Fair Market Rent (FMR) and the actual market rent. The FMR for the metro area in fiscal year 2026 is set at $940, while the Census ACS data indicates that the average market rent is $876. This creates a $64 gap, or approximately 7.3% difference, between what voucher holders can pay and the prevailing market rate.
Given that the FMR exceeds the market rent, properties participating in the Section 8 program can be considered a yield play. Landlords who accept vouchers are guaranteed a steady, government-backed income stream that aligns with the higher FMR, rather than fluctuating market rates. This ensures a consistent cash flow and potentially higher returns compared to renting out units at the lower market rate.
In Pauls Valley, where 39.2% of residents are renters, the median home value stands at $150,729, and the median income is $54,540, the dynamics of the rental market are particularly favorable for those willing to engage with the Section 8 program. With a significant portion of the population relying on rental housing and a considerable number likely seeking assistance through housing vouchers, the demand for affordable units is high. However, it's important to note that the cost of maintaining and managing properties under the Section 8 program must be carefully considered. While the guaranteed payment can offer financial stability, there might be additional administrative burdens and maintenance costs associated with the program.
To summarize, the gap between the FMR and market rent in ZIP 73075 makes the Section 8 program an attractive option for increasing rental yields. For landlords and small-portfolio investors, accepting vouchers allows them to tap into a reliable income source that is slightly above the current market rates, making it a strategic move in the Pauls Valley rental market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.