Location: Jackson County, OK | Metro: Harmon County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The ZIP code 73532 stands out due to its unique demographic and economic characteristics. With only 451 residents, it has a rental rate of 19.8%, indicating a primarily owner-occupied area. The median income for residents is $68,250, which is relatively modest compared to the median home value of $135,138. This suggests that homeownership is a significant financial commitment for those living in the area.
Moving to the specifics of Section 8 housing, the Fair Market Rent (FMR) for ZIP 73532 in fiscal year 2026 is set at $940, while the current market rent, based on Census ACS data, is $1,023. This $83 discrepancy between the FMR and the market rent means that landlords participating in the Section 8 program will receive slightly less than the market rate for their properties. However, the program guarantees timely payments and can provide a steady stream of income, making it an attractive option despite the lower rates.
Given the data, ZIP 73532 appears to be in a stable state. The low number of renters and high median home value indicate a community where homeownership is prevalent and valued. The modest median income alongside the higher median home value suggests that the local economy supports a level of investment in housing, though not without strain. For landlords and small-portfolio investors, the decision to participate in the Section 8 program should weigh the guaranteed income against the slightly reduced rental rates. The economic environment of ZIP 73532 does not signal rapid change or transition, but rather a settled pattern of housing and income levels.
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.