Location: Oklahoma City, OK | Metro: Oklahoma City, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
The ZIP code 73154 in Oklahoma County stands out due to limited available data on its demographic characteristics, including the number of residents, percentage renting, median income, and median home value. This scarcity of information can make it challenging for landlords and small-portfolio investors to assess the area's overall stability and potential for rental growth.
However, a key piece of information for Section 8 voucher economics is available: the Fair Market Rent (FMR) for ZIP 73154 for fiscal year 2024 is set at $1080. This figure represents the maximum amount that a landlord can receive through the Section 8 program for renting a unit to a participant in this ZIP code. Without comparable market rent data, it's difficult to gauge how competitive this FMR rate is against the local rental market.
In terms of stability, the data signature for ZIP 73154 suggests a transitional environment. The lack of detailed demographic and economic indicators could be due to recent changes in the area, such as new developments or shifts in population dynamics. Landlords and investors should monitor future updates on these metrics to better understand the direction of the market and plan their investments accordingly.
Data Sources: FMR data from HUD (2027).
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.