Location: Tillman County, OK | Metro: Tillman County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 73551 in metro FY 2026 is set at $970. This figure represents the payment standard for Section 8 housing assistance in your area, which is the amount the government will pay on behalf of eligible tenants. It's important to note that this is not the rent you can charge; it's the maximum amount the Housing Choice Voucher program will cover.
Local median rents are currently listed as N/A, indicating there isn't enough data to provide an accurate comparison. However, the lack of data does not diminish the importance of the $970 FMR. Landlords should understand that this is the benchmark against which their rental properties must compete to be considered under the Section 8 program.
The renter share in ZIP 73551 is reported as 0.0%, which suggests there is no additional percentage of rent that tenants typically contribute beyond the voucher amount. This means that if you decide to participate in the Section 8 program, you will receive the full $970 for each unit rented without relying on any extra income from the tenant.
The acquisition cost for properties in this ZIP code is also listed as N/A, which implies that there might be limited recent sales data available. This could indicate that the market is either stable or has seen fewer transactions recently. Regardless, when acquiring a property for Section 8, ensure that the $970 FMR covers your costs including mortgage, maintenance, insurance, and other expenses associated with owning a rental property.
Before finalizing your decision to offer a Section 8 rental, verify that your property meets all the necessary inspection standards and qualifies under the Housing Quality Standards (HQS). These requirements ensure that the living conditions are safe and habitable, and they are a prerequisite for acceptance into the program.
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.