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 | $1,010 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $2,020 |
| 5 Bedrooms | $2,343 |
| 6 Bedrooms | $2,624 |
| 7 Bedrooms | $2,834 |
| 8 Bedrooms | $2,976 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,330 | $132,881 | 1% | B |
| 3BR | $1,800 | $216,817 | 0.83% | C |
| 4BR | $2,020 | $272,480 | 0.74% | D |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP code 73130 in Midwest City, OK, for fiscal year 2024 is set at $1,170. This figure represents the baseline amount that Section 8 voucher holders can use to cover their rent payments in the area. However, the market rent, as measured by Zillow's ZORI index, stands at $1,349. This discrepancy means that landlords accepting Section 8 vouchers will experience marginal cash flow, as the difference between the FMR and the market rent is approximately $179 per unit.
To further analyze the investment potential, consider the median home value in ZIP 73130, which is $216,022. The rent-to-price ratio can be calculated by dividing the annual rent ($1,349 * 12 months) by the median home value. This yields a ratio of about 7.5%, indicating that rental income is relatively low compared to the value of property in the area. For investors looking to leverage the equity in their properties, this suggests a focus on cash flow rather than capital appreciation, as the rental income does not significantly exceed the cost of ownership relative to property values.
The data shows that the day median Days on Market (DOM) is not available, and the price-cut share is listed as 0.2%. While these metrics are typically indicative of the ease of selling properties, the lack of significant price cuts suggests that the housing market in ZIP 73130 is stable, with little pressure on sellers to reduce prices. This stability can provide confidence to investors that their property values will remain consistent over time, even if they do not see rapid growth.
The strongest angle for investors in this market is likely stability. Given the low price-cut share and the consistent FMR, investors can expect reliable, steady returns from their rental properties without the risk of significant fluctuations in property value or tenant payment capacity. Additionally, while cash flow margins are tight, the predictability of Section 8 vouchers ensures a steady stream of income, making stability a key benefit for those investing 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.