Location: Murray County, OK | Metro: Carter County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The median home value of $125,000 is relatively low, making it easier for landlords to acquire properties without a significant capital investment. Given the FMR of $990 for the metro area, landlords can expect a reasonable return on their investment through rental income.
While there is no specific data on the percentage of price-cut share or days on market (DOM), the lack of these figures suggests that the market in ZIP 73444 might be stable, with fewer distressed sales and a consistent demand for rental properties. This stability can contribute to predictable cash flows for landlords and small-portfolio investors.
ZIP 73444 has a 0.0% renter share, indicating that homeownership is prevalent in the area. However, this does not necessarily mean that rental opportunities are limited. In fact, the high FMR relative to the median home value suggests that there is still a market for affordable rentals, particularly those supported by Section 8 vouchers.
Despite the absence of specific data on median income, the combination of low median home values and higher FMRs provides a strong case for considering ZIP 73444 as a cash-flow anchor. Landlords should focus on acquiring properties that can command rents close to the FMR while ensuring they do not overpay for assets given the lower median home values.
To summarize, ZIP 73444 is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The key rationale lies in the favorable rent-to-value ratio, which allows landlords to generate steady income from their investments. This ZIP code offers a balance between affordability and rental potential, making it an attractive option for those looking to secure reliable cash flows in their real estate portfolios.
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.