Location: Garvin County, OK | Metro: Carter County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 73488, located in Garvin County, Oklahoma, reveals several key points that are crucial for landlords and small-portfolio investors.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the area in fiscal year 2026 is set at $940. However, without specific market rent data, it's challenging to make a direct comparison. The FMR serves as a benchmark for what is considered fair in terms of rental pricing, but actual market conditions can vary significantly.
Moving on to the affordability of acquisition, the lack of specific data on median home values, days on market (DOM), and the percentage of homes that have undergone price reductions makes it difficult to provide a comprehensive assessment. These metrics are essential indicators of how easy or hard it might be to acquire properties in the area at reasonable prices.
Tenant demand in ZIP 73488 is evident with a population of 11 and a substantial 50.0% of residents being renters. This high percentage suggests a strong need for rental housing, which could translate into steady occupancy rates for landlords.
Verdict: While there is clear tenant demand in ZIP 73488, with half of the population renting, the absence of specific market rent data and property acquisition metrics such as median home value, DOM, and price-cut shares means that making an informed decision about investment opportunities in this area requires additional research. The Fair Market Rent of $940 provides a baseline for rental pricing, but investors should seek out current market data to ensure they can price their rentals competitively and affordably. Without these critical pieces of information, the financial viability of both renting and acquiring properties remains uncertain.
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.