Section 8 Fair Market Rent (FMR) for ZIP 73455 - 2027

Location: Johnston County, OK | Metro: Johnston County, OK

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$740
1 Bedroom	$820
2 Bedrooms	$970
3 Bedrooms	$1,300
4 Bedrooms	$1,620
5 Bedrooms	$1,879
6 Bedrooms	$2,104
7 Bedrooms	$2,272
8 Bedrooms	$2,386

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

590

Median Household Income

$62,188

Housing Units

246

Renter Percentage

21.2%

Occupancy Rate

88.2%

Renter Occupied

The ZIP code 73455, located in Ravia, Oklahoma, is a small rural community with limited housing options and a low median household income. The real estate market here is characterized by older homes and relatively low property values, making it an interesting area for investment.

Fair Market Rent (FMR): $1,060 (metro FY 2026): The Fair Market Rent set by HUD for ZIP 73455 is $1,060, reflecting the cost of renting a modest-quality apartment in the area during fiscal year 2026.
Market Rent: $850 (Census ACS): According to the Census Bureau's American Community Survey, the average market rent for properties in 73455 is $850, indicating that renters pay less than the FMR on average.
Median Home Value: $68,600: The median home value in 73455 is significantly lower than the national average, offering a unique opportunity for investors looking to purchase properties at a discount.
Renter Share: 21.2%: Approximately 21.2% of households in 73455 are renters, suggesting a moderate demand for rental properties.
Days on Market (DOM): Not Available: Data on the typical duration of time homes spend on the market before being sold is not available for this ZIP code, possibly due to the limited number of transactions.
Median Income: $62,188: The median household income in 73455 is $62,188, which is below the national average, affecting the purchasing power of residents and potentially influencing rental rates.

In summary, ZIP 73455 presents a niche investment opportunity for landlords and small-portfolio investors who can capitalize on the low median home values and moderately high renter share. However, the discrepancy between the FMR and market rent suggests that there may be room for price adjustments, depending on the condition and location of the property. Given the low median income, investors should consider the affordability of their rental offerings to ensure steady occupancy.

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.