Location: Greer County, OK | Metro: Greer County, OK
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 | $880 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,590 | $118,593 | 1.34% | A |
U.S. Census Bureau data (2024)
27.4% of residents in ZIP code 73547 are renters, indicating a substantial demand for rental properties. This rental market is priced at an average of $704 per month according to Census ACS data, making it accessible to a wide range of tenants. For comparison, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 stands at $1,160, which suggests that there is potential for rental price increases to align with the FMR. The median home value in the area is $92,456, reflecting affordable housing options for both owners and investors. With a median income of $64,444, tenants in 73547 have the financial capacity to afford rents closer to the FMR without significant strain. However, due to the lack of data on days on market (DOM) and the percentage of homes with price cuts, it's challenging to gauge the liquidity and competitiveness of the housing market. Despite these unknowns, the current market conditions support a positive outlook for landlords and small-portfolio investors.
Investors should note that the gap between the current market rent of $704 and the FMR of $1,160 presents an opportunity to increase rental rates gradually while remaining competitive. The relatively low median home value also means that purchasing investment properties can be done with a lower initial capital outlay compared to other areas. Furthermore, the median income figure of $64,444 indicates that tenants can manage higher rents if they choose to stay in the area. Given the significant difference between the market rent and the FMR, landlords in ZIP 73547 can consider adjusting their rents upwards to capture more of the fair market value.
A final consideration for investors is the potential for Section 8 housing vouchers. While the specific data on Section 8 participation in ZIP 73547 is not provided, the combination of a high renter share and a median income below the FMR suggests that there could be a strong presence of voucher holders. This would be beneficial for landlords who are willing to participate in the program, as it ensures a steady stream of tenants with guaranteed rent payments. The verdict on Section 8 in ZIP 73547 is positive, given the supportive economic indicators for tenant eligibility and landlord participation.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.