Location: Tillman 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 | $770 |
| 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 |
|---|---|---|---|---|
| 2BR | $920 | $40,212 | 2.29% | A+ |
| 3BR | $1,270 | $105,552 | 1.2% | A |
| 4BR | $1,530 | $145,799 | 1.05% | B |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 73566, which spans parts of Kiowa County and Tillman County in the OK metro area, offers a clear advantage to investors due to favorable cash flow dynamics. The HUD Fair Market Rent (FMR) for the region is set at $940 per month for fiscal year 2026, significantly higher than the average market rent of $651 as reported by the Census Bureau's American Community Survey (ACS).
This difference means that voucher tenants will provide a strong positive cash flow at the HUD FMR rate. Landlords can expect a monthly surplus of approximately $289 when comparing the HUD FMR to the current market rent. This makes it particularly attractive for investors looking to generate consistent income from their properties.
To further analyze the investment potential, consider the median home value in the area, which stands at $83,790. Using the HUD FMR of $940, we can calculate a rent-to-price ratio of about 13.4%. This ratio suggests that rental income represents a substantial portion of the property's value, indicating that the area has a healthy balance between rental yields and property values.
Note that the data does not provide the median days on market (DOM) or the percentage of homes that have been listed with price cuts, but these metrics would be important for understanding the broader real estate market conditions. In the context of Section 8 investments, however, the primary focus should be on the robust cash flow generated by the disparity between HUD FMR and market rents.
The strongest investor angle in ZIP 73566 is undoubtedly cash flow, given the significant difference between the HUD FMR and the actual market rent. This allows landlords to secure steady, above-market income from voucher tenants without the need to seek out premium units or engage in extensive renovations.
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.