Location: Murray County, OK | Metro: Garvin County, OK
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 | $700 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $83,380 | 1.1% | B |
| 3BR | $1,220 | $189,648 | 0.64% | D |
| 4BR | $1,510 | $294,021 | 0.51% | F |
U.S. Census Bureau data (2024)
The ZIP code 73098, encompassing Wynnewood, OK, presents a dynamic housing market influenced by the interplay between rental and homeownership trends. The Fair Market Rent (FMR) for the area is set at $960 for the fiscal year 2026, indicating a slight premium over the actual market rent of $823 as reported by the Census Bureau's American Community Survey. This suggests that the rental market is somewhat stable but not without upward pressure.
The low price-cut share of 0.1% signals a market where sellers generally do not need to reduce their asking prices to attract buyers, pointing towards a scenario where demand is robust relative to supply. However, the lack of available data on days on market (DOM) makes it challenging to draw definitive conclusions about how quickly homes are selling. Despite this, the median home value of $160,241 provides insight into the overall affordability and desirability of the area for potential homeowners.
A significant 33.4% of residents are renters, which implies a substantial portion of the population is not yet homeowners. This high renter share can indicate ongoing housing pressure as more individuals seek affordable options. In the long term, a higher proportion of renters might suggest an environment where increasing demand for homeownership could lead to rising property values and rents if the supply of new homes does not keep pace.
In summary, the market in ZIP 73098 appears to be one where demand is strong enough to maintain home values and rental rates without the need for significant price adjustments. The high percentage of renters indicates a segment of the population that could potentially drive future homeownership growth, contingent upon the availability of new housing units. Landlords and small-portfolio investors should monitor these dynamics closely to capitalize on opportunities as they arise.
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.