Location: Oklahoma City, OK | Metro: Oklahoma City, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
The ZIP code 73083 in Oklahoma County stands out due to the lack of publicly available demographic data, which includes the number of residents, percentage of renters, median income, and median home value. This scarcity of information can make it challenging for landlords and small-portfolio investors to gauge the typical economic profile of the area.
Despite the absence of detailed local market data, the Fair Market Rent (FMR) for ZIP 73083 has been established at $1080 for the fiscal year 2024. This figure represents the benchmark set by HUD for determining the maximum rent that a Section 8 voucher holder can pay. The FMR is crucial for landlords who accept Section 8 vouchers, as it dictates the rental rate they can charge to remain within the program's guidelines. Without a direct comparison to the local market rates, it's important for investors to consider the FMR as a reliable indicator of what tenants with vouchers can afford.
The data signature for ZIP 73083 reads as "stable," based on the consistent application of the FMR. However, the absence of other key indicators such as resident demographics and median home values suggests a transitional nature, where additional information could provide a clearer picture of the economic landscape. Landlords and investors should monitor any future releases of demographic data to better understand the potential for growth and stability in this area.
Data Sources: FMR data from HUD (2027).
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.