Section 8 Fair Market Rent (FMR) for ZIP 73556 - 2027
Location: Jackson County, OK | Metro: Jackson County, OK
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $700 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$64,375
When considering whether to invest in ZIP code 73556 for Section 8 properties, follow this decision tree:
- Does the FMR of $970 (metro FY 2026) cover the debt service on a property?
- If the FMR does not cover the debt service, the answer is No. Do not proceed with purchasing.
- If the FMR does cover the debt service, move to the next question.
- Is the market rent of $625 (from Census ACS) above, at, or below the FMR?
- If the market rent is below the FMR, the answer is It Depends. Consider if the difference between market rent and FMR can provide a buffer against potential rent loss or maintenance costs.
- If the market rent is at or above the FMR, the answer is Yes. Market conditions align favorably with Section 8 rates.
- Are 30.6% of residents renters and is the N/A-day DOM sufficient to indicate strong demand?
- The 30.6% of residents being renters suggests there is a notable rental market presence. However, without the specific number of days on the market (DOM), it's challenging to gauge demand accurately.
- If the DOM is low, indicating quick turnover, the answer is Yes. There is likely sufficient demand for rental properties.
- If the DOM is high, the answer is No. Demand might be too weak to support a Section 8 investment.
- If the DOM is moderate and you're unsure, the answer is It Depends. Look into additional factors such as vacancy rates, job growth, and local amenities.
Note: The lack of specific debt service information for ZIP 73556 makes it impossible to definitively answer the first question. However, if the FMR of $970 exceeds the debt service, then it would be a positive indicator for investment.
To make an informed decision, ensure you have all necessary financial details including the average debt service for properties in this area. Without that, the feasibility of covering expenses with Section 8 vouchers remains uncertain.
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.