Location: Stephens County, OK | Metro: Cotton County, OK HUD Metro FMR Area
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 | $740 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $77,620 | 1.19% | B |
| 3BR | $1,270 | $164,997 | 0.77% | D |
| 4BR | $1,470 | $235,530 | 0.62% | D |
U.S. Census Bureau data (2024)
The ZIP code 73529, located in Comanche, OK within the Stephens County, OK metro, presents a unique set of characteristics that distinguish it from other ZIP codes in the area. The Fair Market Rent (FMR) for 73529 is set at $900 for the fiscal year 2024, which is higher than the average market rent of $778. This suggests that properties in 73529 may be slightly overpriced compared to the local market, potentially due to government rental assistance programs.
The median home value in 73529 is $132,825, which is notably lower than the typical home values seen in other ZIP codes within the Stephens County metro. This could indicate that 73529 is a more affordable sub-market, possibly attracting lower-income residents who rely on rental assistance.
A significant portion of the population in 73529 consists of renters, with a 17.2% renter share. This figure is relatively low when compared to urban areas but could be considered high within the context of Stephens County, where the overall renter share might be lower. The combination of a below-average home value and a higher-than-average renter share suggests that 73529 could be an attractive location for landlords interested in Section 8 tenants.
To determine if 73529 is a value pocket, mid-tier neighborhood, or a premium sub-market within its metro, we must consider the FMR, market rent, and home values collectively. Given the FMR is above the market rent and the home values are below the metro average, it's reasonable to conclude that 73529 is a value pocket for landlords seeking to participate in the Section 8 program. The relatively high renter share supports this inference, indicating a concentration of potential Section 8 tenants in the area.
However, the actual classification of 73529 as a value pocket, mid-tier, or premium sub-market would require additional data on the typical FMR and renter shares across the entire Stephens County metro. For now, based on the provided figures, 73529 appears to offer a good balance for landlords looking to benefit from rental assistance programs while maintaining affordability for residents.
Note: To provide a more precise comparison, we would need specific data on the average FMR, market rent, home values, and renter share across all ZIP codes in Stephens County, OK. The analysis here is based solely on the given figures for ZIP 73529 and inferred trends within the Stephens County metro.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.