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 | $1,440 |
| 1 Bedroom | $1,560 |
| 2 Bedrooms | $1,900 |
| 3 Bedrooms | $2,580 |
| 4 Bedrooms | $2,890 |
| 5 Bedrooms | $3,352 |
| 6 Bedrooms | $3,754 |
| 7 Bedrooms | $4,054 |
| 8 Bedrooms | $4,257 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,900 | $153,112 | 1.24% | A |
| 3BR | $2,580 | $242,856 | 1.06% | B |
| 4BR | $2,890 | $367,444 | 0.79% | D |
| 5BR | $3,352 | $472,859 | 0.71% | D |
U.S. Census Bureau data (2024)
The investment landscape for Section 8 landlords in ZIP 73179, Oklahoma City, OK, presents several challenges that must be carefully considered. Tenant turnover is a significant concern, with market rents currently at $1,589 compared to the Federal Market Rent (FMR) of $1,620 for FY 2024. This slight discrepancy can lead to frequent turnover as tenants seek out more affordable housing options, which can be costly and time-consuming for landlords.
Vacancy exposure is another critical issue, especially considering the average Days on Market (DOM) is 61 days. This extended period before a property is rented can result in lost revenue and increased costs, including maintenance and utilities during the vacancy. Additionally, the deferred maintenance risk is substantial, given the typical home value of $275,955 and the median household income of $112,656. The disparity between these figures suggests that many homeowners might struggle to keep up with necessary repairs and improvements, potentially affecting the quality of rental properties available.
However, these risks are tempered by the high renter share of 19.1%. A higher proportion of renters typically translates into greater demand for housing vouchers, which can stabilize occupancy rates and provide a steady stream of rental income. Despite the challenges, the presence of a large number of potential voucher holders can mitigate some of the financial uncertainties associated with Section 8 investments.
Verdict: Moderate risk for a first-time Section 8 landlord in ZIP 73179, Oklahoma City, OK.
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.