Location: Carter 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 | $760 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,320 | $261,197 | 0.51% | F |
U.S. Census Bureau data (2024)
ZIP 73458, located in Carter County, Oklahoma, presents a peaceful and quiet atmosphere, making it suitable for those seeking a tranquil living environment. The neighborhood is characterized by single detached homes, mostly built around 1990, offering two or three bedrooms. This aligns well with the moderate renter percentage of 24.4%, indicating a steady demand for rental properties.
The median home value in ZIP 73458 is $234,772, while the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $1,090, and the market FMR is $972. These figures suggest a reasonable rental yield, as the FMR is higher than the typical home value, implying that rental income can be substantial relative to property costs.
Average household income stands at $86,250, providing a stable economic foundation for the area. This figure supports the likelihood of consistent rental payments and reduced risk of tenant defaults. However, the absence of data on days on market (DOM) means that the speed at which properties are typically rented out remains uncertain, which could impact short-term investment strategies.
To further evaluate the stability, let's consider some recent listings in ZIP 73458:
The variety in property values and sizes suggests a diverse market, but the higher-end property at CANDLEWOOD RD indicates a presence of more affluent residents, which could support higher rental yields. However, the lower-end property at 681 HOUSE CREEK RD also shows that there is a range of affordability, which can attract different types of tenants.
Given these factors, ZIP 73458 is best classified as a steady-cashflow zone. The combination of moderate rental demand and stable income levels supports a reliable stream of rental income. While the yield is favorable, the lack of high volatility indicators such as a very low DOM suggests that this is not a flip-style market. Instead, it offers a balanced approach for long-term rental investments.
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.