Location: Kiowa County, OK | Metro: Kiowa 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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,270 | $113,150 | 1.12% | B |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 73564 in Kiowa County, Oklahoma, reveals a strong potential for cash flow with voucher tenants. The Fair Market Rent (FMR) set by HUD for FY 2024 is $920, which significantly exceeds the average market rent reported by the Census ACS of $683. This indicates that landlords can expect positive cash flow when renting to voucher holders at the FMR rate.
To further analyze the investment opportunity, consider the median home value in ZIP 73564, which stands at $83,046. The rent-to-price ratio can be calculated using the HUD FMR, providing insight into the relative affordability of renting versus buying. With an FMR of $920, the annual rent would be approximately $11,040, leading to a rent-to-price ratio of roughly 13.3%. This suggests that rental income represents a substantial portion of the property's value, making it a viable option for investors seeking stable cash flow.
The days on market (DOM) and percentage of price cuts are not available for this area, but given the disparity between the FMR and the market rent, it is likely that the rent-versus-buy dynamic favors rental properties. The higher FMR ensures that voucher tenants can cover the cost of renting without financial strain, which is crucial for maintaining a steady stream of income.
In conclusion, the strongest investor angle in ZIP 73564 is cash flow. The significant difference between the HUD FMR and the actual market rent allows for positive cash flow even with standard units, not just premium ones. This makes the area particularly attractive for landlords and small-portfolio investors looking to generate reliable rental income.
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.