Location: Harmon County, OK | Metro: Harmon County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The ZIP code 73544 presents a unique challenge for both renters and landlords due to its specific economic conditions. The median income for households here stands at $36,250. However, the market rate for rent is listed as N/A, which indicates a lack of comprehensive data on typical rental costs in the area. This absence of clear market rates makes it difficult to assess how easily residents can afford housing.
In comparison, the federal payment standard for Housing Choice Vouchers, also known as Section 8 vouchers, is set at $940 per month for the fiscal year 2026. Given the limited population of 178 and only 13.6% of them being renters, it becomes evident that the competition among landlords is relatively low. This means that landlords who are willing to accept vouchers could potentially secure tenants more readily than those relying solely on cash-paying renters.
The affordability gap between the median income and the voucher payment standard suggests that many residents would struggle to pay even the federally determined fair market rent without assistance. For landlords, this implies that accepting Section 8 vouchers could be a strategic move to ensure steady occupancy in an area where finding cash-paying tenants might be challenging due to the limited number of renters and their lower income levels.
Takeaway: Landlords in ZIP 73544 should consider the benefits of accepting Section 8 vouchers. It not only helps in securing tenants but also aligns with the financial capabilities of the local residents, ensuring a stable rental income in a competitive yet sparse rental market.
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.