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 | $990 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,310 | $103,266 | 1.27% | A |
| 3BR | $1,780 | $155,748 | 1.14% | B |
| 4BR | $1,990 | $203,791 | 0.98% | C |
U.S. Census Bureau data (2024)
ZIP code 73084, located in Oklahoma City, OK, falls within the broader Oklahoma City, OK HUD Metro FMR Area. To contextualize its metrics, let's compare them against typical ZIP codes within this metro area.
The Fair Market Rent (FMR) for ZIP 73084 is set at $1050 for fiscal year 2024. This figure is slightly higher than the market rent of $838, indicating that subsidized rents are above the average market rate. However, the median home value of $140,329 is lower than the metro-wide average, which suggests that this ZIP is not commanding premium real estate prices.
A notable feature of ZIP 73084 is its renter share of 32.1%. This percentage is higher than the average for the metro area, typically around 26%. A higher-than-average renter share, combined with below-average home values, often points to a neighborhood where rental properties are more common and potentially more affordable for renters, including those receiving Section 8 housing assistance.
Given these figures, ZIP 73084 can be classified as a value pocket within the Oklahoma City, OK HUD Metro FMR Area. The higher FMR relative to market rent and the substantial renter share suggest it is an attractive location for landlords who want to participate in the Section 8 program. Additionally, the lower home values imply that there is potential for investment in rental properties without the need for a significant capital outlay, making it an ideal spot for small-portfolio investors looking to maximize returns on their investments.
To summarize, landlords and small-portfolio investors should consider ZIP 73084 a promising opportunity within the Oklahoma City, OK HUD Metro FMR Area due to its favorable balance of higher FMRs, a significant renter population, and relatively low home values compared to the broader metro area.
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.