Location: Johnston County, OK | Metro: Johnston 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 | $700 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $107,415 | 0.86% | C |
| 3BR | $1,230 | $179,220 | 0.69% | D |
| 4BR | $1,530 | $264,211 | 0.58% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 73460, located in Tishomingo, OK, within Johnston County, are straightforward. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this ZIP code for fiscal year 2026 is set at $940. This figure is specifically tailored to reflect the rental costs unique to this area.
In contrast, the local market rent for a similar two-bedroom unit, based on recent Census ACS data, averages around $664. This difference highlights the financial considerations landlords must take into account when participating in the Section 8 program.
A landlord who accepts a Section 8 voucher receives payment from both the government and the tenant. The tenant is responsible for paying a portion of the rent, which is typically 30% of their income. For simplicity, let's assume the tenant's portion is $300. The government then covers the remainder up to the SAFMR limit. In this case, the government would pay $640, calculated as the SAFMR of $940 minus the tenant's $300 contribution.
Utility allowances also factor into the total compensation. These allowances vary but can add significant value. For a two-bedroom unit, the utility allowance might be around $200. This amount is separate from the rent and directly benefits the tenant, reducing their out-of-pocket expenses.
To summarize, if you accept a Section 8 voucher for a two-bedroom apartment in ZIP 73460, you will receive $640 from the government towards the rent and an additional $200 for utilities. This totals $840 per month. Given the local market rent of $664, landlords accepting vouchers in this area would see a surplus of approximately $176 per month, assuming the average market rent holds steady.
This surplus provides a buffer against potential maintenance costs and vacancies, making Section 8 participation a viable option for landlords in Tishomingo, OK. However, it's important to note that the actual tenant contribution can vary based on their income level, and the utility allowance is designed to cover typical utility costs, not necessarily luxury usage.
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.