Location: Carter County, OK | Metro: Carter County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
0.0% of residents in ZIP code 73437 are renters, indicating a predominantly owner-occupied area. This statistic is crucial for landlords and small-portfolio investors considering entering this market, as it suggests a lower demand for rental properties compared to other regions.
$35,227 is the median income for households in ZIP 73437, which provides insight into the financial capabilities of potential tenants. This figure should be considered when setting rental prices to ensure they are affordable yet profitable.
N/A market rent data means there is no recent information available on what typical rents are in ZIP 73437. However, the Fair Market Rent (FMR) for the metro area, set at $1,010 for fiscal year 2026, can serve as a benchmark for landlords to establish their rental rates.
The lack of data on days on market (DOM) and the percentage of price-cut shares indicates a stable housing market with little fluctuation in property values or sales activity. This stability can be beneficial for investors looking to avoid volatile markets.
Given the low renter share and the absence of market rent data, landlords should focus on properties that align with the median income level of $35,227. Utilizing the FMR of $1,010 as a guideline will help in pricing units competitively while maintaining profitability.
For Section 8 investors, the FMR is particularly important as it sets the upper limit for rental subsidies. With an FMR of $1,010, landlords can expect to receive this amount or less per unit for Section 8 tenants, depending on the specifics of the contract.
While the low renter share might suggest limited opportunities for traditional rental investments, the stable housing market and alignment with the FMR provide a solid foundation for Section 8 properties. Landlords in ZIP 73437 should consider the long-term benefits of Section 8 tenancy, including guaranteed rent and reduced vacancy rates, despite the lower income levels of tenants.
Section 8 Verdict: ZIP 73437 is suitable for Section 8 investments due to its stable market and alignment with the FMR of $1,010.
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.