Location: Oklahoma City, OK | Metro: Oklahoma City, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,250 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,650 |
| 3 Bedrooms | $2,230 |
| 4 Bedrooms | $2,500 |
| 5 Bedrooms | $2,900 |
| 6 Bedrooms | $3,248 |
| 7 Bedrooms | $3,508 |
| 8 Bedrooms | $3,683 |
U.S. Census Bureau data (2024)
The ZIP code 73097 stands out due to its unique demographic and economic characteristics. With only 178 residents, it is among the least populated ZIP codes in the country. Notably, there is no rental activity recorded in this area, indicated by the 0.0% renting rate, suggesting that all housing units are owner-occupied. The lack of available data on median income and median home value further emphasizes the scarcity of statistical information about this ZIP code.
Moving to the specifics of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 73097 is set at $1410 for fiscal year 2024. However, the absence of a defined market rent makes it challenging to compare the FMR against local market rates. This discrepancy can be attributed to the limited number of rental properties and the overall low population density, which might not provide enough data points for accurate market analysis.
The data signature for ZIP 73097 reads as "stable." Despite the small population, the complete absence of rental units implies a consistent pattern where homeownership is the norm. The stability in the voucher economics, with a clearly defined FMR, provides some predictability for landlords and small-portfolio investors who might consider accepting vouchers in this area. However, the decision to participate should be made with caution, given the sparse market data and the potential challenges in finding tenants interested in moving into such a remote and sparsely populated area.
Data Sources: FMR data from HUD (2027). 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.