Location: Kiowa County, OK | Metro: Lawton, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $760 |
| 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 |
U.S. Census Bureau data (2024)
The classification of ZIP code 73559 hinges on analyzing its yield and stability metrics. Yield, in this context, is determined by comparing the Fair Market Rent (FMR) of $890 to the market rent of $543 for the fiscal year 2024. Stability is gauged by the percentage of renters at 40.7%, median income at $28,438, and the lack of data regarding days on market (DOM).
Yield Analysis: With an FMR of $890 and a market rent of $543, there is a significant potential for yield. The gap between these figures suggests that properties could be rented above market rates, potentially leveraging the higher FMR for better returns. This indicates a high-yield environment where rental prices can exceed the typical market rate, providing landlords and investors with a strong opportunity to maximize their profits.
Stability Analysis: The stability of ZIP 73559 is influenced by the 40.7% rental rate and median income of $28,438. A moderate rental rate implies that a substantial portion of the population owns homes rather than renting, which can affect demand for rental properties. However, the median income figure is crucial; at $28,438, it's relatively low, which might indicate financial constraints among residents, possibly affecting their ability to pay higher rents consistently. The absence of DOM data prevents a full assessment of how quickly properties are rented out, but generally, lower incomes suggest less stability in rental payments.
Given these factors, ZIP 73559 leans towards being a high-yield/low-stability market. The potential for higher rental yields is evident, but the relatively low median income and moderate rental rate suggest that maintaining consistent cash flow might be challenging. Landlords and investors should prepare for the possibility of higher vacancy rates or difficulties in collecting rent at elevated levels. This classification means that while there is room for profit, the market is not ideal for those seeking stable, long-term cash flows without risk.
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.