Section 8 Fair Market Rent (FMR) for ZIP 73195 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 73195, located in Okmulgee County, Oklahoma, is characterized by its rural setting and modest housing market. This area offers opportunities for landlords and small-portfolio investors looking to invest in a stable, low-cost region.

• The Fair Market Rent (FMR) for ZIP 73195 in fiscal year 2024 is set at $1080 for a two-bedroom apartment, providing a benchmark for rental pricing.
• Market rent data is currently unavailable for ZIP 73195, indicating a lack of recent transactions or listings which could suggest a less active rental market.
• The median home value is also not available, reflecting the limited number of sales data points and potentially indicating that the majority of properties are owner-occupied rather than part of a larger investment portfolio.
• The percentage of residents who are renters is not specified, but given the rural nature of the area, it's likely that homeownership is more prevalent, which can influence demand for rental properties.
• The Days on Market (DOM) statistic is not provided, making it difficult to assess how quickly rental properties are typically leased in this area.
• The median household income for ZIP 73195 is not available, which means there is no direct measure of the economic capacity of potential tenants or buyers.

In summary, ZIP 73195 presents a niche market for real estate investment, particularly for those interested in a stable environment with modest rents. The absence of certain key metrics such as market rent and median home values suggests a less competitive market, which could be advantageous for securing long-term tenants. However, the lack of detailed income and DOM data indicates a need for thorough local research to understand the specific dynamics and potential risks associated with investing in this ZIP code.

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.