Location: Stephens County, OK | Metro: Stephens County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 73491, set at $1,040 for the metro area in fiscal year 2026, represents the payment standard for Section 8 housing vouchers. This is the maximum amount that the government will pay toward your tenant's rent, not necessarily the amount you should charge. For context, the average rent in ZIP 73491, according to the latest Census American Community Survey (ACS), is $971, which is slightly below the FMR.
The FMR serves as a benchmark for landlords participating in the Section 8 program. If your property's rent exceeds $1,040, the tenant would need to cover the difference out-of-pocket, which can be challenging for low-income households. Conversely, setting your rent below the FMR can increase your chances of attracting tenants, as they won't have to contribute extra towards the rent.
In ZIP 73491, 27.7% of residents are renters, indicating a steady demand for rental properties. This statistic suggests that there is a significant portion of the population relying on rentals, making it a viable market for Section 8 tenants. However, the acquisition cost for properties in this area is listed as N/A, which means there isn't specific data available regarding the purchase price of homes. Despite this, you can still gauge the local real estate market by looking at recent sales data or consulting with a local realtor.
To participate effectively in the Section 8 program, ensure that your property meets the Housing Quality Standards (HQS). This is a critical step because the property must pass an inspection to be eligible for the program. The inspection covers safety, health, and structural standards to ensure the property is livable and up to code.
In summary, the FMR of $1,040 for ZIP 73491 provides a clear guideline for the maximum rent reimbursement through the Section 8 program. With an average local rent of $971 and a substantial 27.7% of residents being renters, there is a strong potential for demand. Before committing to a Section 8 rental, verify that your property complies with HQS to avoid any delays or disqualification from the program.
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.