Location: Love 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 | $700 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $96,428 | 1% | C |
| 3BR | $1,200 | $210,918 | 0.57% | F |
U.S. Census Bureau data (2024)
The ZIP code 73463, located in Wilson, OK, presents a modest opportunity for landlords interested in Section 8 tenants. With a total population of 3,909, only 16.8% are renters, indicating that this is not a renter-heavy area. However, the presence of renters does suggest some demand for rental properties, particularly among those who might rely on housing vouchers.
The median household income in this ZIP is $55,833, which provides a baseline for understanding the economic context of potential tenants. The average market rent is $824 per month, representing approximately 18.3% of the median household income. This percentage is calculated by dividing the average rent by the annual income ($824 / 12 months) and then multiplying by 100 to get the percentage of income spent on rent. This figure is relatively manageable compared to national averages, suggesting that tenants could afford rent without excessive financial strain.
Comparing the market rent to the Fair Market Rent (FMR) of $940, as set for FY 2026 in the metro area, indicates that the current market rent in ZIP 73463 is below the FMR. This means that landlords in this area may find it easier to secure tenants with Section 8 vouchers, as the rent they charge is within the allowable limits set by the government. Landlords should be aware that while the rent is lower than the FMR, it still aligns well with the economic conditions of the area, ensuring that the property remains affordable to a significant portion of the population.
The type of tenant a landlord should expect in ZIP 73463 would predominantly be individuals or families who have a moderate need for assistance in finding affordable housing. These tenants are likely to be working but may have lower incomes relative to the cost of living in the area. They would benefit from the stability and affordability that Section 8 vouchers provide, making it easier for them to secure a home within their budget. Additionally, given the relatively low rent compared to the FMR, landlords can anticipate a steady flow of applications from both voucher holders and non-voucher tenants looking for reasonably priced 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.