Location: Caddo County, OK | Metro: Grady County, 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 | $830 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,560 | $272,607 | 0.57% | F |
U.S. Census Bureau data (2024)
ZIP code 73079, located in Stephens County, Oklahoma, stands out due to its unique demographic and economic characteristics. With a population of only 682 residents, the area has a relatively low rental rate at 15.1%. However, the median household income is robust at $95,972, and the median home value is notably high at $276,457. This combination suggests that homeownership is prevalent and that those who do rent are likely paying a premium.
The voucher economics in ZIP 73079 are particularly favorable for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area, set at $910 for fiscal year 2024, is significantly lower than the average market rent of $1,000. This means that landlords can potentially charge higher rents while still being eligible for Section 8 vouchers, thereby increasing their revenue streams. Additionally, the lower FMR allows for greater flexibility in setting rents above the voucher amount without risking tenant loss.
The data signature of ZIP 73079 reads as stable. The relatively high median income and home values indicate a consistent financial health among residents, which reduces the risk of default on rental payments. Furthermore, the modest rental rate suggests a strong preference for homeownership, which can be advantageous for landlords looking to attract tenants who are financially secure and committed to long-term leases.
In summary, ZIP 73079 offers a solid opportunity for landlords and small-portfolio investors due to its favorable economic conditions and the discrepancy between FMR and market rents. The stability of the local economy supports a reliable tenant base, making it an attractive investment location.
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.