Location: Cotton County, OK | Metro: Lawton, 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 | $900 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,570 | $170,073 | 0.92% | C |
U.S. Census Bureau data (2024)
164,424 The median home value in ZIP code 73543 stands at $164,424, offering a solid investment base for real estate assets in the area. 15.1% Renter share of the population is relatively low at 15.1%, which suggests a primarily owner-occupied market. However, this does not necessarily mean there is no opportunity for rental investments. 1,145 Market rent, according to Census ACS data, averages $1,145, indicating a competitive rental environment. 1090 The Fair Market Rent (FMR) for Section 8 housing is set at $1090, which is slightly below the market rent, but still provides a viable option for landlords willing to participate in the program. 86,667 Median household income in the area is $86,667, which is above the national average and supports a strong economic foundation. This higher income level can attract tenants who are capable of paying market rents and possibly even premium rents due to the desirability of the location. N/A-day The data does not provide an exact figure for days on market (DOM), but typically a lower DOM indicates a faster-moving market where properties are rented out quickly. N/A% Similarly, the lack of specific data on the percentage of price-cut shares implies that rental prices in this area might be relatively stable and less prone to significant fluctuations. In conclusion, while the overall rental market in ZIP 73543 is competitive, the participation in the Section 8 program could offer a steady stream of rental income for landlords willing to meet the requirements. The verdict for Section 8 in this area is positive, given the slightly lower FMR compared to market rents and the financial stability of the local residents.
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.