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 | $1,050 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,880 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,390 | $249,508 | 0.56% | F |
| 3BR | $1,880 | $288,821 | 0.65% | D |
| 4BR | $2,110 | $474,616 | 0.44% | F |
| 5BR | $2,448 | $825,638 | 0.3% | F |
U.S. Census Bureau data (2024)
To integrate ZIP 73142, located in the Oklahoma City, OK HUD Metro FMR Area, into a Section 8 portfolio strategy, consider it primarily as a cash-flow anchor. This designation is based on the significant spread between the Fair Market Rent (FMR) set at $1220 for fiscal year 2024 and the average market rent of $1386. This spread ensures that properties in this ZIP code can be rented out at rates above the FMR, providing a reliable cushion for cash flow.
The median home value in ZIP 73142 stands at $362,354, which is relatively stable and does not indicate strong appreciation potential compared to other markets. Additionally, the 0.3% price-cut share and a Days on Market (DOM) of 51 days suggest a competitive rental market where landlords might have to adjust their pricing to attract tenants, but this does not point towards substantial capital appreciation.
ZIP 73142 also features a 42.0% renter share and a median income of $81,818. While these factors could support diversification, they do not outweigh the benefits of using this area as a cash-flow anchor. The higher-than-FMR rents provide a steady and predictable income stream, which is crucial for maintaining financial stability within a portfolio.
In conclusion, ZIP 73142 serves best as a cash-flow anchor due to the favorable spread between the FMR and market rents, ensuring landlords receive consistent and reliable returns on their investments. This makes it an ideal choice for those looking to stabilize their overall portfolio performance amidst fluctuating real estate markets.
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.