Location: Marshall 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 | $770 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $96,450 | 1% | C |
| 3BR | $1,200 | $195,637 | 0.61% | D |
| 4BR | $1,530 | $314,948 | 0.49% | F |
U.S. Census Bureau data (2024)
The ZIP code 73446, located in Madill, OK, has a population of 8,479 individuals. With 31.7% of residents being renters, this indicates a significant portion of the community relies on rental housing. The median household income stands at $58,462, which is important when considering the affordability of housing in the area.
The market rent in this ZIP code is $809 per month, representing approximately 14% of the median household income. This ratio suggests that typical rent is relatively affordable compared to local incomes. However, it's worth noting that the Fair Market Rent (FMR) for the area is set at $940 for fiscal year 2026, indicating a slight increase in expected rent levels for the metro region. This discrepancy between the current market rent and the FMR could imply potential upward pressure on rents in the future.
Given the percentage of renters and the income levels, it's likely that there is a substantial demand for Section 8 vouchers in the area. Landlords in ZIP 73446 can expect tenants who are financially stable but rely on government assistance to cover their housing costs. These tenants often have a history of maintaining good rental records due to the stringent requirements of the voucher program.
To summarize, ZIP 73446 is a renter-heavy area with a significant portion of the population using rental housing. The existing market rent is lower than the FMR, suggesting a competitive environment for landlords who accept Section 8 vouchers. A landlord here should anticipate tenants who are responsible and income-eligible for the voucher program, typically earning around 30-50% of the area median income. This demographic is crucial for landlords looking to secure long-term, reliable tenants in a market where government assistance plays a key role in housing affordability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.