Location: Love 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 | $860 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,260 | $329,158 | 0.38% | F |
U.S. Census Bureau data (2024)
The median income in ZIP code 73453 stands at $92,917, which places it above the national average. However, when considering the market rate for rent, which is $864 according to the Census ACS data, the situation becomes more nuanced. This figure represents the typical monthly rent for a property in this area. Comparatively, the Fair Market Rent (FMR) for the metro area, set at $1,020 for fiscal year 2026, is higher than the actual market rate.
The difference between the FMR and the market rate indicates an affordability gap for renters receiving vouchers. Since the voucher payment standard is $1,020, landlords could potentially charge closer to this amount for their properties and still be covered by the voucher program. However, given that only 11.0% of the 662 residents are renters, the competition among landlords for tenants is relatively low.
This means that landlords in ZIP 73453 have a strategic decision to make regarding whether to accept Section 8 vouchers or focus on cash-paying tenants. The key takeaway is that while the voucher standard provides a buffer against lower market rates, the limited number of renters suggests that there might be ample opportunities to secure cash-paying tenants who can afford the higher rents without relying on government subsidies. Landlords should consider the stability and administrative ease of cash payments versus the guaranteed income from vouchers, keeping in mind the local rental demand and the financial capacity of potential tenants.
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.