Section 8 Fair Market Rent (FMR) for ZIP 73546 - 2027

Location: Tillman County, OK | Metro: Cotton County, OK HUD Metro FMR Area

Investment Score for ZIP 73546

N/A

Monthly Rent (2BR)

$1,000

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$760
1 Bedroom	$910
2 Bedrooms	$1,000
3 Bedrooms	$1,370
4 Bedrooms	$1,460
5 Bedrooms	$1,694
6 Bedrooms	$1,897
7 Bedrooms	$2,049
8 Bedrooms	$2,151

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,370	$96,891	1.41%	A

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,127

Median Household Income

$33,846

Housing Units

637

Renter Percentage

37.3%

Occupancy Rate

78.8%

Renter Occupied

187

The ZIP code 73546, located in Oklahoma, represents a market with distinct characteristics that can be both advantageous and challenging for landlords and small-portfolio investors. The area offers insights into the housing market through various metrics that highlight the potential for rental investments.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 73546 for fiscal year 2024 is set at $890.
The average market rent for the same type of unit, according to the Census American Community Survey (ACS), stands at $746.
The median home value in the area is notably low at $56,147, which could indicate a broader trend of affordable housing.
Renters make up 37.3% of the population, suggesting a significant portion of the community relies on rental properties.
The median income in ZIP 73546 is $33,846, which might influence the affordability of rents and the demand for subsidized housing options.
The Days on Market (DOM) data is currently N/A, but it's important to consider how quickly properties typically sell or rent in similar areas to gauge liquidity.

In summary, ZIP 73546 presents a rental market where the Fair Market Rent exceeds the average market rent, indicating a potential to charge slightly above-market rates for subsidized units. The low median home value suggests an overall affordable housing environment, which can attract tenants who prefer renting over buying. With nearly 37.3% of the population being renters, there is a substantial demand for rental properties. However, the median income figure implies that tenants may have limited financial flexibility, necessitating competitive pricing and possibly seeking out Section 8 tenants. Landlords should also be prepared to research further into local real estate trends to fill in gaps such as the Days on Market data, which would provide additional context on property turnover rates.

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.