Location: Oklahoma City, OK | Metro: Oklahoma City, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
The analysis of ZIP code 73189 within the Oklahoma City, OK HUD Metro FMR area reveals several key points regarding the viability of Section 8 real estate investments.
Regarding rent math, the Family Monthly Rent (FMR) set at $1130 for fiscal year 2024 does not provide a direct comparison to market rent due to insufficient data. However, it's critical to ensure that the FMR aligns closely with actual rental costs in the area to maintain profitability.
Acquisition affordability is questionable without specific figures on the median home value, days on market (DOM), and the percentage of homes that require price cuts. These metrics would help determine whether properties can be purchased at a reasonable cost and sold or rented efficiently.
Tenant demand appears to be stable but lacks definitive quantification. The absence of specific population numbers and the percentage of renters in the area makes it challenging to gauge the number of potential tenants seeking Section 8 housing.
Verdict: Without concrete data on market rents, median home values, DOM, price-cut shares, and tenant demographics, it's difficult to make a robust case for the investment attractiveness of ZIP 73189 for Section 8 properties. Landlords and small-portfolio investors should seek additional local market insights to supplement the HUD FMR data before making any acquisition decisions. The $1130 FMR is a starting point but requires alignment with actual market conditions to ensure financial feasibility.
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.