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 | $830 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,090 | $85,559 | 1.27% | A |
| 3BR | $1,480 | $112,044 | 1.32% | A |
| 4BR | $1,660 | $172,468 | 0.96% | C |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 73111, located in Oklahoma City, reveals that the HUD Fair Market Rent (FMR) for FY 2024 stands at $1,000. This figure is notably lower than the market rent, as indicated by the Zillow Observed Rent Index (ZORI), which is $1,144. Given these numbers, voucher tenants would generally cashflow at the FMR rate, but landlords will see marginal returns, especially when considering the typical expenses associated with rental properties.
To further contextualize this, the median home value in the area is $110,362. Using this figure, we can calculate a rough rent-to-price ratio, which comes out to approximately 1.09%. This ratio suggests that the rental market is slightly less favorable compared to the housing market, indicating that property ownership might offer better long-term investment potential over renting.
Regarding the days on market (DOM) and price-cut share, both metrics are listed as N/A and 0.3%, respectively. While these figures do not provide a complete picture of the local real estate market's liquidity, they do imply that the market is relatively stable, with few properties needing to be discounted. This stability is particularly important for investors looking to avoid frequent price adjustments and maintain consistent income streams.
In conclusion, the strongest angle for investors in ZIP 73111 is likely stability. Although cashflow and appreciation potential are present, the consistency in rent and minimal need for price reductions make stability the most compelling aspect for those interested in a reliable investment in this area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.