Location: Love 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 | $970 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,500 | $252,307 | 0.59% | F |
U.S. Census Bureau data (2024)
The investment landscape for Section 8 landlords in ZIP code 73459 presents several challenges that must be carefully considered. Tenant turnover is a significant risk factor, with the market rent sitting at $1,043 compared to the Federal Market Rent (FMR) of $1,270 for the metro area as of FY 2026. This gap suggests that tenants might find it difficult to cover the difference between the market rent and the subsidized amount, leading to higher turnover rates.
Vacancy exposure is another concern. The Days on Market (DOM) for the area is currently unreported, which makes it hard to predict how quickly units will fill when vacant. This uncertainty can lead to periods of non-rental income, impacting cash flow and profitability.
Deferred maintenance is also a notable issue, especially considering the typical home value in ZIP 73459 is $230,018 while the median income stands at $68,500. These figures indicate that property owners might struggle to keep up with necessary repairs and renovations due to the financial strain of maintaining properties without a significant income buffer.
However, these risks are balanced by a robust renter market. With a 44.1% renter share, there is a strong likelihood of consistent demand for rental properties, including those that accept Section 8 vouchers. High renter density generally translates into higher voucher demand, which can stabilize occupancy rates and provide a steady stream of income.
In conclusion, the overall risk for a first-time Section 8 landlord in ZIP 73459 is moderate. While there are notable risks such as tenant turnover and potential for deferred maintenance, the high renter share offers a degree of security and demand for subsidized housing options.
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.