Location: Tillman County, OK | Metro: Tillman County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
The median income in ZIP code 73553 stands at $48,750, indicating that many households rely on financial assistance to meet their housing needs. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, which serves as the voucher payment standard for eligible renters. This means that a significant portion of renters in this area are likely to be using Housing Choice Vouchers, commonly known as Section 8 vouchers, to cover their rental costs.
Despite the median income figure, the market rate for rentals in ZIP 73553 is listed as N/A, which suggests either insufficient data or an anomaly in reporting. However, considering the FMR of $970, it's reasonable to infer that the actual market rate could be higher, potentially making it difficult for cash-paying renters to find affordable housing without assistance.
With 30.0% of the population being renters and a total population of 19, the competition for landlords in this ZIP code is likely to be moderate. The affordability gap between the median income and the FMR highlights a challenge for both renters and landlords. For landlords, this means that they must decide whether to accept vouchers, which guarantee timely payments but come with additional administrative responsibilities, or to focus on attracting cash-paying tenants who might offer higher rents but are fewer in number due to limited financial resources.
The takeaway for landlords is clear: accepting Section 8 vouchers can ensure a steady stream of income and reduce the risk of vacancies. While the process involves compliance with HUD regulations and regular inspections, the guaranteed $970 per month can be a reliable source of revenue in a market where many renters cannot afford the full cost of housing. For those preferring cash-paying tenants, finding ways to offer competitive pricing below or near the FMR will be crucial to attract and retain residents in ZIP 73553.
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.