Location: Harmon County, OK | Metro: Harmon 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 | $700 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,100 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,100 | $80,421 | 1.37% | A |
U.S. Census Bureau data (2024)
The ZIP code 73550 stands out in County with its unique demographic and economic characteristics. With a population of 2,179 residents, it has a rental rate of 33.0%, indicating a moderate demand for housing units. The median income in the area is $43,804, which is lower than the national average but still sufficient to support a modest standard of living. The median home value of $57,034 suggests that homeownership is relatively affordable compared to other areas in the county.
When it comes to Section 8 vouchers, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $940. This figure is notably higher than the current market rent of $697, as reported by the Census Bureau's American Community Survey (ACS). Landlords who accept Section 8 vouchers can benefit from the additional subsidy, which covers the difference between the FMR and the actual market rent, effectively increasing their potential income per unit.
The data signature for ZIP 73550 reads as "stable." The modest income levels and affordable home values suggest that the area is not experiencing rapid growth or decline. However, the gap between the FMR and the market rent indicates an opportunity for landlords to increase their revenue by participating in the Section 8 program. This stability, combined with the economic incentives for accepting vouchers, makes ZIP 73550 a promising investment for landlords and small-portfolio investors looking to enter or expand in the Section 8 market.
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.