Location: Jackson County, OK | Metro: Harmon County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 73537 is set at $940 for the fiscal year 2026. This is the payment standard used by the Section 8 program, meaning that if you participate, the government will pay up to $940 per month for a rental unit in this area. It's important to note that this figure does not represent the rent you can charge your tenant; it's the maximum amount the government will contribute toward housing costs.
To put this into perspective, the average rent in ZIP 73537, according to recent Census American Community Survey (ACS) data, is around $493. The FMR is significantly higher than the local average, which can be beneficial for landlords who want to ensure they receive a competitive monthly payment.
The renter share in this ZIP code is 9.2%, indicating that there is a steady demand for rental properties. This percentage shows the proportion of households that are renters, suggesting that there are enough potential tenants interested in renting through the Section 8 program.
In terms of acquiring property, the median home value in ZIP 73537 is approximately $69,102. This figure reflects the typical price range for homes in the area, making it an affordable option for those looking to invest in real estate.
Before deciding to enroll in Section 8, verify that your property meets the required quality standards known as Housing Quality Standards (HQS). This ensures that the unit is safe, decent, and sanitary, and will pass any inspections necessary for participation in the program.
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.