Location: Cotton 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 | $700 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,090 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,090 | $189,876 | 0.57% | F |
U.S. Census Bureau data (2024)
The ZIP code 73531 in Cotton County, Oklahoma, is a strategic fit for a Section 8 portfolio due to its characteristics as a cash-flow anchor. The Fair Market Rent (FMR) for FY 2024 is set at $910, significantly higher than the market rent of $677. This creates a positive spread of $233, which can be leveraged by landlords who participate in the Section 8 program. Landlords will find that they can charge closer to the FMR rate for their properties, thus securing a more stable and predictable cash flow.
The median home value in ZIP 73531 is $192,923, indicating a relatively affordable area for property acquisition. However, the primary focus for a Section 8 portfolio should be on rental income stability rather than on appreciation potential, as there is no specific data provided regarding price-cut shares or days on market (DOM) for this ZIP code. Therefore, appreciation plays are not a primary consideration here.
A key metric supporting the cash-flow anchor strategy is the 17.9% renter share in the area. This suggests a moderate demand for rental properties, making it a viable option for diversification. However, given the favorable FMR compared to market rents, the emphasis should be on the cash-flow benefits rather than diversification alone.
The median income in the area is $69,375, which is sufficient to support a mix of renters and homeowners, but does not indicate an exceptionally high demand for luxury rentals. This further supports the idea that ZIP 73531 is best suited for a Section 8 portfolio as a cash-flow anchor, providing steady returns through government-subsidized rental programs.
In conclusion, ZIP 73531 is best positioned as a cash-flow anchor within a Section 8 portfolio strategy. Its higher FMR compared to market rents ensures a reliable income stream, while the median home value and income levels suggest a stable economic environment suitable for long-term investment.
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.