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 market in ZIP code 73184, located in Oklahoma, presents a unique snapshot that suggests an environment in flux. The Fair Market Rent (FMR) for the area stands at $1080 for fiscal year 2024, which provides a benchmark for rental pricing in the region. However, the absence of specific market rent figures indicates a lack of comprehensive data on current rental trends, leaving room for speculation on how closely actual rents align with the FMR.
The missing percentage for price-cut share and days on market (DOM) suggest that there may be limited data on the frequency and duration of property listings being reduced in price. This could imply a relatively stable market where neither landlords nor sellers are frequently forced to lower their asking prices to attract tenants or buyers. Alternatively, it might reflect a smaller sample size or less active real estate market, making it difficult to establish significant trends.
The median home value being listed as N/A further complicates the picture, indicating that there is insufficient data to determine the typical value of homes in the area. This could be due to a low number of sales or a lack of recent transactions, which would make it challenging to assess the overall health of the housing market based on property values alone.
A key piece of missing information is the percentage of renters in the area. In markets where a high share of residents are renters, long-term housing pressure can often be observed, as rental demand drives up property values and creates competition among potential buyers. Conversely, a lower renter share might indicate a preference for homeownership, which could stabilize housing costs and reduce the urgency of rental demand. Without this figure, it's unclear whether ZIP 73184 faces significant long-term housing pressure or if it remains a balanced market.
In summary, ZIP 73184 appears to be a market characterized by a fair amount of uncertainty. While the FMR provides a clear guideline for rental pricing, the lack of detailed market rent data, price-cut share, DOM, and median home value leaves many questions unanswered. Landlords and small-portfolio investors should proceed with caution, carefully monitoring local trends and adjusting their strategies accordingly to navigate this market effectively.
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.