Location: Love County, OK | Metro: Love County, OK
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,100 | $174,693 | 0.63% | D |
| 3BR | $1,310 | $257,146 | 0.51% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 73430, Burneyville, OK, is set at $1,010 for the metro area in fiscal year 2026. This figure represents the payment standard for Section 8 housing vouchers, meaning it's the maximum amount that the government will pay toward your tenant's rent. It does not represent the actual rent you can charge.
In comparison, the average rent in Burneyville is $1,060, based on recent Census American Community Survey (ACS) data. This suggests that landlords participating in Section 8 may need to slightly lower their rent expectations to align with the FMR.
The renter share in Burneyville stands at 11.5%, indicating that a significant portion of the population relies on renting. This share translates into a robust demand for rental properties, particularly those that qualify for Section 8 assistance. With an acquisition cost of approximately $160,875, investing in a property for Section 8 tenants can be a sound financial decision given the steady stream of rental income.
Before committing to a Section 8 rental property, verify that the property meets all necessary housing quality standards. The Housing Quality Standards (HQS) inspection is mandatory and ensures that the unit is safe, decent, and sanitary. This inspection is a critical step because failing it can result in non-payment for the unit until it passes.
To summarize, the FMR of $1,010 sets the upper limit for government subsidy payments, while the local average rent of $1,060 provides context on market rates. The 11.5% renter share points to a consistent demand for rentals, and the acquisition cost of around $160,875 gives you a benchmark for investment. Ensure your property passes the HQS inspection to avoid any issues with receiving payments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.