Location: Stephens County, OK | Metro: Carter County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 73425 in fiscal year 2026 is set at $940. This figure represents the maximum amount that landlords can charge for rent under the Section 8 program, which is also known as the Housing Choice Voucher Program. It's important to note that this is the payment standard, not necessarily the amount you will receive if you decide to participate in Section 8.
In ZIP 73425, the local market rent is currently listed as N/A, which means there isn't specific data available to compare it directly against the FMR. However, the FMR is a useful benchmark to ensure your rental property remains competitive within the government assistance framework.
The 8.4% renter share indicates that a significant portion of the population in this area relies on renting their homes. This suggests a strong demand for rental properties, including those that accept Section 8 vouchers. While the average home price is listed as N/A, making it difficult to assess the exact acquisition costs, the high renter share implies that there are many potential tenants who might be looking for affordable housing options.
To participate in Section 8, you must ensure your property meets certain standards, known as the Housing Quality Standards (HQS). Before you commit to taking on a Section 8 tenant, you should verify that your property complies with these standards. This includes ensuring that all major systems—such as plumbing, heating, and electrical—are in good working order, and that the living conditions meet minimum safety and habitability requirements.
While the FMR provides a clear guideline for rent amounts, it's crucial to understand that the actual rent paid by the tenant will be a percentage of their income, typically around 30%, with the government covering the difference up to the $940 limit. This structure ensures affordability for the tenant while providing a stable income source for the landlord.
Given the strong renter share and the potential for a steady stream of rental income, ZIP 73425 could be an attractive market for your first Section 8 rental. However, the success of your investment hinges on ensuring your property is HQS compliant and understanding the nuances of the Section 8 program.
Data Sources: FMR data from HUD (2027). 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.