Location: Marshall County, OK | Metro: Love 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 | $800 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $134,276 | 0.77% | D |
| 3BR | $1,240 | $216,259 | 0.57% | F |
| 4BR | $1,480 | $319,430 | 0.46% | F |
U.S. Census Bureau data (2024)
The Section 8 cap-rate analysis for ZIP code 73448, located in Marietta, OK, reveals some interesting dynamics between the federally mandated Fair Market Rent (FMR) and the actual market conditions. Using the annualized 2BR FMR of $1,010 for FY 2026, the potential rental income can be calculated. This figure translates into an annual rental income of $12,120. When this amount is compared to the median home value of $197,589, it yields a gross rental yield of approximately 6.14%. The formula used here is simple: annual rental income divided by the property value.
In contrast, the Census ACS reports a market rent of $860 for a 2BR unit. This equates to an annual rental income of $10,320. Applying the same calculation, this results in a gross rental yield of roughly 5.23%. The disparity between these two yields highlights the impact of Section 8 rates versus market rates on investment returns.
The 29.6% renter density suggests a moderate demand for rental properties, including those under the Section 8 program. However, the lack of data on the days-on-market (DOM) makes it difficult to assess how quickly units might turn over or the level of competition among landlords. Despite this limitation, the higher gross rental yield based on the FMR indicates that Section 8 properties could potentially offer better returns compared to the market rate scenario.
Given the parameters, the FMR-based yield of 6.14% appears more favorable for investors, especially those interested in steady, government-backed rental income. However, the market rate yield of 5.23% reflects the reality of what tenants might pay without subsidy, which could be more relevant for small-portfolio investors who need to balance subsidy income with market fluctuations. The choice between these two yields ultimately depends on the investor's risk tolerance and their ability to secure Section 8 contracts.
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.