Location: Johnston County, OK | Metro: Atoka County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
25.8% of residents in ZIP code 73461 are renters, indicating a significant demand for rental properties in the area. The $940 Fair Market Rent (FMR) set for metro areas in fiscal year 2026 suggests that landlords can expect to charge this amount for a standard two-bedroom apartment, which is notably higher than the $704 average market rent reported by the Census ACS. This discrepancy highlights an opportunity for landlords to potentially increase their rental income, aligning with the FMR rather than the current market rates.
$175,551 is the median home value in ZIP 73461, reflecting a stable housing market. However, the median income of $49,464 indicates that many residents might struggle to afford homeownership, further emphasizing the importance of rental properties in the area. Given these economic conditions, the Section 8 program could be a valuable resource for landlords, providing a steady stream of income through government subsidies.
The data does not provide a specific number for days on market (DOM) or the percentage of price-cut shares, suggesting either a lack of recent sales data or a very active market where homes are sold quickly without needing to be relisted at lower prices. This absence of negative indicators supports the idea that the real estate market in ZIP 73461 is robust and appealing to both buyers and investors.
In summary, the rental market in ZIP 73461 appears to be strong, with a significant portion of residents renting and a noticeable gap between the FMR and current market rents. The median income figure points towards a need for affordable housing options, making the Section 8 program particularly relevant. For landlords and small-portfolio investors, participating in the Section 8 program can ensure a reliable income source while addressing the housing needs of the community. Verdict: Section 8 participation is advisable in ZIP 73461.
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.