Location: Marshall County, OK | Metro: Johnston 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 | $810 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,420 | $199,075 | 0.71% | D |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 73447 in the Marshall County, OK metro area reveals several key points. The HUD Fair Market Rent (FMR) for the area is set at $1,110 for FY 2026, which is significantly higher than the current market rent of $924 based on Census ACS data. This means that voucher tenants can cashflow comfortably at the FMR rate, providing a strong financial incentive for landlords and small-portfolio investors.
To further analyze the investment potential, consider the median home value in the area, which stands at $157,678. Using this figure, we can calculate a rent-to-price ratio of approximately 0.58%, indicating that rental properties in this ZIP code offer a relatively good return compared to the cost of purchasing a home. This suggests that the rental market remains competitive despite the higher FMR rates.
The data does not provide a median Days on Market (DOM) or a percentage of price cuts, but given the disparity between the HUD FMR and the actual market rent, it's clear that voucher tenants can cover costs without the need for significant price reductions or extended marketing periods. Landlords can expect steady occupancy rates with minimal vacancy concerns.
In conclusion, the strongest investor angle in ZIP 73447 is cashflow. The higher FMR compared to the market rent ensures that voucher tenants will provide a reliable and above-average income stream, making it an attractive option for those looking to secure consistent returns on their 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.