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 73190, located within the Oklahoma City, OK HUD Metro FMR Area, has a Fair Market Rent (FMR) of $1080 for fiscal year 2024. This figure is crucial for landlords and small-portfolio investors considering the rental market dynamics in this area.
To contextualize, let's examine how 73190 compares to other ZIP codes within the Oklahoma City, OK HUD Metro FMR Area. The FMR of $1080 for 73190 is notably lower than the average FMR for the entire metro area, which typically ranges higher. However, the market rent, home value, and renter share percentages for 73190 are currently unavailable, indicating a lack of comprehensive data on these metrics.
Given the available FMR data, it can be inferred that 73190 is likely positioned as a value pocket within its larger metropolitan context. A value pocket is characterized by relatively lower rents compared to surrounding areas, making it attractive for tenants who qualify for housing assistance programs such as Section 8. The absence of specific market rent and home value data suggests that these figures might also be below average for the Oklahoma City metro area, further supporting the hypothesis of 73190 being a value pocket.
The unknown percentage of renter share adds another layer of complexity to this analysis. If the renter share in 73190 were significantly higher than the average for the metro area, it could indicate a concentration of renters who rely on government subsidies, potentially creating a robust demand for affordable rental units. This scenario would make 73190 an especially appealing location for landlords participating in Section 8 due to the high likelihood of occupancy.
In conclusion, based on the provided FMR data, ZIP 73190 appears to be a value pocket within the Oklahoma City, OK HUD Metro FMR Area. Landlords and small-portfolio investors should consider this ZIP code as a potential opportunity for securing stable rental income through government-assisted housing programs, particularly Section 8. However, the lack of complete data means that further investigation into local market conditions is advisable before making investment decisions.
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.