Location: Carter County, OK | Metro: Carter 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 | $790 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $147,078 | 0.73% | D |
| 3BR | $1,370 | $213,160 | 0.64% | D |
U.S. Census Bureau data (2024)
Lone Grove, OK, located in ZIP code 73443, serves as an ideal cash-flow anchor within a Section 8 portfolio strategy. The area's Fair Market Rent (FMR) for a metro area in fiscal year 2026 is set at $1,080, which is notably higher than the current market rent of $899. This $181 spread indicates a stable and predictable source of rental income that can help stabilize overall portfolio performance.
The median home value in Lone Grove is $201,658, reflecting a modest housing market where properties are relatively affordable to acquire and maintain. For landlords and small-portfolio investors, this means lower capital outlay and operational costs compared to more expensive markets, allowing for a healthier margin of profit on each property.
While Lone Grove does not present significant opportunities for rapid appreciation, given the lack of data suggesting high price-cut shares or short days on market (DOM), it offers a reliable and consistent cash flow. This reliability is crucial for those looking to balance risk and reward within their investment portfolios.
The 30.7% renter share suggests a substantial portion of the population relies on rental housing, making it easier to find tenants who qualify for Section 8 assistance. With a median income of $58,906, there is a sufficient economic base to support the demand for subsidized housing without the volatility seen in more economically dynamic areas.
In summary, Lone Grove, OK, in ZIP code 73443, is best positioned as a cash-flow anchor due to its favorable spread between FMR and market rent, manageable median home values, and a steady tenant pool. These factors make it a dependable choice for investors seeking stability in their Section 8 investments.
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.