Section 8 Fair Market Rent (FMR) for ZIP 73502 - 2027

FY 2027 Fair Market Rent Rates

The classification of ZIP code 73502 in Unknown, OK, hinges significantly on the available data points for fiscal year 2024. The Fair Market Rent (FMR) for the area is set at $920, which provides a baseline for rental pricing expectations under the Section 8 program.

Due to the lack of specific market rental prices and home values for ZIP 73502, it's challenging to fully assess the yield potential compared to typical market rates. However, with the FMR established at $920, landlords can expect a guaranteed rent payment that aligns with this figure. This makes the yield predictable but dependent on whether market rates exceed or fall below the FMR.

The stability axis presents a similar challenge due to missing data on the percentage of renters, average days on the market (DOM), and median income levels. Without these figures, it's difficult to gauge the financial health and demand consistency of the local population. Typically, higher percentages of renters and shorter DOM periods indicate a stable market, whereas lower median incomes might suggest greater volatility in tenant payment reliability.

In summary, ZIP 73502 leans towards being a steady-cashflow zone given the fixed FMR of $920 under the Section 8 program. This predictability in rental income is a key factor for stability. However, the absence of critical data points such as market rental prices, home values, and local economic indicators means that the true nature of the market—whether it's a high-yield/low-stability flip-style market or something else—cannot be definitively classified without further information.

Data Sources: FMR data from HUD (2027).

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.