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 | $890 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $970 | $112,889 | 0.86% | C |
| 2BR | $1,180 | $136,016 | 0.87% | C |
| 3BR | $1,600 | $172,983 | 0.92% | C |
| 4BR | $1,790 | $254,419 | 0.7% | D |
U.S. Census Bureau data (2024)
To determine if you should buy in ZIP 73107 (Oklahoma City, OK) for Section 8, follow these steps:
If the annual debt service on a $155,700 property is less than $12,720 ($1060 x 12 months), then the answer is Yes. This means that the FMR can sufficiently cover your mortgage payments and other financing costs.
If the annual debt service exceeds $12,720, then the answer is No. The FMR would not be enough to ensure profitability or even break-even.
If the ZORI is above the FMR, the answer is It Depends. You must weigh the higher market rent against the potential challenges of finding Section 8 tenants. Consider the local demand for Section 8 housing and the willingness of tenants to pay the higher market rate.
If the ZORI is at or below the FMR, the answer is Yes. There's no downside risk in terms of rent; you can expect the FMR to match or exceed what the market offers.
If the percentage of renters is high and the DOM is low, the answer is Yes. This indicates strong demand for rentals, making it easier to find tenants, including those eligible for Section 8.
If the percentage of renters is low or the DOM is high, the answer is No. It suggests that there might not be enough demand to justify purchasing a property solely for Section 8 tenants.
In summary, for ZIP 73107, the FMR of $1060 is slightly below the market rent of $1,186 (ZORI). However, with 45.5% of households being renters and an average DOM of 19 days, there is sufficient demand. Your decision hinges on whether the FMR can cover your debt service and if you're willing to accept a slight difference between FMR and ZORI. If the FMR covers your debt service, proceed with a Yes. If not, consider other areas where the FMR more closely matches or exceeds the market rent.
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.