Location: Carter County, OK | Metro: Carter County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $740 |
| 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 market in ZIP code 73436 presents a dynamic landscape that reflects the ongoing pressures of housing affordability and demand. With a Fair Market Rent (FMR) set at $940 for the fiscal year 2026, this figure represents the benchmark for rental costs in the area, as determined by HUD for the Section 8 program. However, the actual market rent, according to Census ACS data, is currently priced at $650. This discrepancy suggests that the market rents are below the FMR, indicating a potential gap between what the government deems as fair rent and what the market can bear.
The 46.8% renter share highlights a significant portion of the population that relies on rental housing, which is a key indicator of long-term housing pressure. In areas where a substantial percentage of residents are renters, there tends to be a continuous demand for affordable rental units, driving up competition among tenants and often leading to higher rents over time. This high renter share suggests that landlords and small-portfolio investors in ZIP 73436 should anticipate steady demand for their properties, especially if they offer competitive pricing and amenities.
While specific data points such as the percentage of price cuts and days on market (DOM) are not available, the overall picture suggests that the market in ZIP 73436 is likely one where demand meets or slightly exceeds supply. The lower-than-FMR market rent indicates that landlords who aim to charge closer to the FMR might face challenges in finding tenants willing to pay those rates, but it also implies that there is room for price increases as the market adjusts to the growing demand for rental housing.
In summary, ZIP 73436 is a market characterized by a significant renter population, which drives continuous demand for rental properties. Landlords and investors should consider the current market conditions and the potential for gradual rent increases, aligning their strategies with the observed dynamics to maximize returns while maintaining occupancy levels.
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.