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 | $800 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,050 | $110,399 | 0.95% | C |
| 3BR | $1,420 | $159,098 | 0.89% | C |
| 4BR | $1,600 | $218,185 | 0.73% | D |
U.S. Census Bureau data (2024)
ZIP 73141, located in Midwest City, OK, within the larger Oklahoma City, OK HUD Metro FMR area, serves as a cash-flow anchor in a Section 8 portfolio strategy. The Family Monthly Rent (FMR) for FY 2024 stands at $980, which is significantly lower than the market rent of $1,175. This $195 spread between FMR and market rent indicates a stable and predictable cash flow for landlords participating in the Section 8 program.
The median home value in ZIP 73141 is $149,431, reflecting a modest property investment cost. Given the consistent demand for affordable housing and the fixed nature of rental payments through Section 8 vouchers, this area ensures steady income without the volatility often associated with fluctuating market rents. Landlords can rely on the government subsidy to cover most of the rent, reducing the risk of vacancy and delinquency.
While ZIP 73141 does not offer significant appreciation potential or rapid property turnover, with a 28.0% renter share and a median income of $58,670, it provides a solid foundation for a diversified portfolio. The high percentage of renters suggests a robust market for both subsidized and market-rate rentals, making it easier for landlords to manage their properties and maintain occupancy rates.
In conclusion, ZIP 73141 is best suited as a cash-flow anchor due to the favorable spread between FMR and market rent, ensuring reliable income streams for landlords involved in the Section 8 program. Its characteristics support a long-term investment strategy focused on stability and predictability rather than short-term capital gains.
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.