Section 8 Fair Market Rent (FMR) for ZIP 73082 - 2027

Location: Grady County, OK | Metro: Lawton, OK HUD Metro FMR Area

Investment Score for ZIP 73082

Monthly Rent (2BR)

$920

Median Price (2BR)

$87,502

1% Rule

1.05%

Annual Yield

12.62%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$710
2 Bedrooms	$920
3 Bedrooms	$1,260
4 Bedrooms	$1,530
5 Bedrooms	$1,775
6 Bedrooms	$1,988
7 Bedrooms	$2,147
8 Bedrooms	$2,254

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$920	$87,502	1.05%	B
3BR	$1,260	$190,080	0.66%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,714

Median Household Income

$59,211

Housing Units

1,227

Renter Percentage

26.9%

Occupancy Rate

79.4%

Renter Occupied

262

Rush Springs, Oklahoma, located in ZIP code 73082, is a small community that offers unique opportunities for real estate investment, particularly for those interested in the Section 8 housing market. The area's rental dynamics and home values provide a clear picture of its potential for both landlords and small-portfolio investors.

The Fair Market Rent (FMR) for ZIP 73082 in fiscal year 2024 is set at $890, indicating the maximum amount that can be charged for a Section 8 voucher holder.
The average market rent for the area, according to Census ACS data, stands at $754, which is significantly below the FMR, suggesting a potential profit margin for landlords participating in the Section 8 program.
The median home value in Rush Springs is $165,395, reflecting a stable but modest real estate market.
Renters make up 26.9% of the population, highlighting a notable demand for rental properties, including those that might qualify for Section 8 assistance.
The median household income is $59,211, providing insight into the financial capabilities of residents and their potential eligibility for government housing programs.
While the Days on Market (DOM) data is currently unavailable, the other metrics suggest a steady but not highly competitive rental market.

For landlords and small-portfolio investors, Rush Springs presents a balanced investment opportunity. The gap between the market rent and the FMR allows for a reasonable profit margin when leasing to Section 8 tenants. With a significant portion of the population renting and a median income level that supports participation in government housing programs, there is a consistent demand for affordable housing options. However, the relatively low median home value and the absence of highly competitive days on market data indicate that while there are opportunities, they may be limited compared to larger urban centers. Overall, the area is suitable for investors looking for a stable, if not high-growth, real estate market with a focus on affordable housing solutions.

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.