Location: Oklahoma City, OK | Metro: Oklahoma City, 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 | $780 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,030 | $110,444 | 0.93% | C |
| 3BR | $1,400 | $226,592 | 0.62% | D |
| 4BR | $1,570 | $350,640 | 0.45% | F |
U.S. Census Bureau data (2024)
91.8% of the residents in ZIP 73080, Purcell, OK, are not enrolled in the Section 8 program, making it a stable market for landlords. With a Fair Market Rent (FMR) set at $960 for zip FY 2024, the rental landscape is favorable compared to the average market rent of $880, as reported by the Census ACS. This indicates that landlords can potentially charge above the market rate without exceeding the affordability threshold for tenants.
224,992 is the median home value in Purcell, which suggests a moderate property market. The renter share stands at 31.8%, indicating a significant portion of the population opts for renting over buying. This trend supports the viability of rental properties in the area.
72,500 is the median income figure for the area, which is crucial for assessing the financial stability of potential tenants. Given this income level, most residents should be able to afford the FMR of $960, ensuring a steady demand for rental units.
The day DOM (days on market) is listed as N/A, which might imply a quick turnover of rental listings or an efficient local real estate market. Additionally, the price-cut share of 0.2% reflects a competitive yet robust market where landlords rarely need to lower their rents to attract tenants.
In conclusion, the data points to a promising investment opportunity in Purcell, OK, for those interested in Section 8 housing. Landlords can expect a reliable tenant base willing to pay close to the FMR, with limited need to adjust rental prices. The verdict for Section 8 participation in ZIP 73080 is positive, offering a balanced risk-reward scenario.
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.