Location: Tillman County, OK | Metro: Tillman County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
U.S. Census Bureau data (2024)
18.4% of residents in ZIP 73530 are renters, indicating a modest demand for rental properties in the area. The Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $940, which provides a benchmark for rental pricing. However, the actual market rent, as reported by the Census ACS, stands at $575, suggesting that landlords might need to adjust their expectations. The median home value in ZIP 73530 is $44,400, reflecting a relatively affordable housing market. Given the median income of $43,036, many residents likely find it challenging to purchase homes, further supporting the case for rental investments.
While the data does not provide a specific number for days on market (DOM), nor a percentage for the price-cut share, these figures would be crucial for understanding the local real estate market's dynamics. Landlords and small-portfolio investors should consider the gap between the FMR and the market rent when setting their rates. It's important to note that the market rent is significantly below the FMR, which could be an indicator of either a highly competitive market or a broader economic challenge faced by residents.
The affordability of housing in ZIP 73530, coupled with the lower-than-FMR market rents, suggests that there is potential for rental properties to attract tenants who are unable to afford homeownership. However, the modest demand for rentals, represented by the 18.4% renter share, means that competition among landlords could be fierce.
In conclusion, for landlords and small-portfolio investors looking to enter the ZIP 73530 market, the Section 8 program could offer a stable source of income. The $940 FMR aligns well with the financial support available through Section 8, making it a viable option for those willing to navigate the competitive rental landscape. Verdict: Section 8 is a prudent choice for securing steady rental income in ZIP 73530.
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.