Location: Carter County, OK | Metro: Carter County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The ZIP code 73435, located within the Carter County, OK metro, has a Fair Market Rent (FMR) of $940 for fiscal year 2026. This figure represents the threshold set by HUD for determining eligibility for housing assistance programs, including Section 8. In comparison, the market rent for 73435 is slightly lower at $860, indicating that rental properties in this area are generally priced below the federally established FMR. The absence of a home value statistic suggests that there might be limited data on property sales or that the area primarily consists of rental units.
A significant 41.4% of the population in ZIP 73435 are renters, which is notably higher than the average renter share in Carter County, OK. This high proportion of renters often points towards an area where rental properties are in demand, potentially due to limited homeownership opportunities or affordability issues.
To determine if 73435 is a value pocket, a mid-tier neighborhood, or a premium sub-market within its metro, we must consider the relationship between its FMR and market rent. With a market rent of $860 being below the FMR of $940, it suggests that 73435 could be considered a value pocket within the Carter County, OK metro. This means that landlords in this ZIP can offer competitive rents while still benefiting from the higher subsidy levels associated with the FMR.
The high renter share in 73435, coupled with the below-metro home values (if they were available and indeed lower), would typically signal a potential sweet spot for Section 8 tenants. Such areas attract a higher concentration of renters who rely on housing vouchers, making them ideal for landlords seeking stable tenancy through government-assisted programs.
While the exact home values are not provided, the overall context indicates that 73435 is likely to be an area where rental properties are favored over ownership, possibly due to economic factors or a preference among residents. For small-portfolio investors and landlords, this ZIP presents an opportunity to invest in rental properties that cater to the needs of a substantial renter population, leveraging the slightly lower market rents against the higher FMR to ensure profitability.
In summary, ZIP 73435 stands out as a value pocket within the Carter County, OK metro, characterized by its below-FMR market rents and a high proportion of renters. These factors make it a favorable location for those interested in real estate investments aligned with Section 8 housing programs.
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.