Location: Garvin County, 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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,400 | $218,784 | 0.64% | D |
U.S. Census Bureau data (2024)
The analysis of the Section 8 program in ZIP code 73095 reveals a narrow gap between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2024, the FMR is set at $920, while the Census American Community Survey (ACS) indicates that the market rent is $927. This discrepancy amounts to a mere $7 difference, representing approximately 0.76% of the market rent.
Given that the FMR is slightly lower than the market rent, landlords and small-portfolio investors should be aware of the financial implications of accepting housing voucher tenants. The cost of housing voucher tenants below open-market rates means that landlords might have to adjust their rental strategies to ensure profitability. At $920, the rent received through the voucher program is $7 less than what could potentially be earned in the open market, which can affect the overall yield on investment properties.
In the broader context of ZIP 73095, where 21.6% of residents are renters, and the median home value stands at $196,344, the median household income is $77,232. These figures suggest that there is a significant portion of the population that relies on rental housing, including those who may benefit from the Section 8 program. However, the relatively low median income compared to the median home value highlights the importance of understanding the economic landscape when deciding whether to participate in the voucher program.
To summarize, while the gap between FMR and market rent is minimal, it still presents a consideration for landlords. Accepting voucher tenants means forfeiting a small margin in comparison to market rates, but it also ensures a steady stream of income guaranteed by the government. Landlords must weigh these factors against their investment goals and local market conditions.
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.