Section 8 Fair Market Rent (FMR) for ZIP 73433 - 2027
Location: Garvin County, OK | Metro: Carter County, OK
Investment Score for ZIP 73433
B
Monthly Rent (2BR)
$1,000
Median Price (2BR)
$99,310
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $760 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Investment Analysis by Bedroom Size
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms |
Monthly FMR |
Median Price |
1% Rule |
Grade |
| 2BR |
$1,000 |
$99,310 |
1.01% |
B |
| 3BR |
$1,330 |
$217,454 |
0.61% |
D |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$58,194
A skeptical investor looking at ZIP code 73433 might have several concerns regarding the viability of renting properties under the Section 8 program. Here are three common objections and the data to address them:
- Will FMR $980 (metro FY 2026) cover the mortgage on a $187,687 home? The Fair Market Rent (FMR) of $980 is the maximum amount that a landlord can charge for a Section 8 rental unit in ZIP 73433 for fiscal year 2026. To determine if this will cover the mortgage, consider the average interest rate and loan terms. Assuming a 30-year fixed-rate mortgage with an average interest rate of 4.5%, the monthly mortgage payment on a $187,687 home would be approximately $930. This means that the FMR of $980 would indeed cover the mortgage, leaving a small buffer for maintenance and other expenses.
- Is there enough renter demand at 21.3%? The rental demand in ZIP 73433 stands at 21.3%. While this percentage is relatively low compared to some urban areas, it does indicate that there is a need for rental units. However, the data alone does not provide insight into the specific demand for Section 8 housing. To get a clearer picture, it's essential to look at local housing authority waitlists and the number of voucher holders in the area. These metrics would give a better indication of how many potential tenants are actively seeking Section 8 housing.
- Will vouchers keep pace with $869 market rents? The current market rent in ZIP 73433 is $869, which is below the FMR of $980. This suggests that the voucher amounts are currently sufficient to cover the typical market rent. However, the long-term sustainability depends on whether the Housing Choice Voucher (HCV) program adjusts its payments to match inflation and any increases in market rents. Historical data shows that the HCV program has generally increased its payment standards over time, but the exact rate of increase can vary. Therefore, while the current situation is favorable, future adjustments must be monitored to ensure continued alignment between voucher amounts and market rents.
The data provides a snapshot of the current conditions, but it's important to recognize that external factors such as economic changes, local policies, and shifts in tenant preferences can impact the overall demand and financial stability of Section 8 rentals. Regularly reviewing these factors alongside the provided data will help investors make informed decisions.
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.