Location: Tillman County, OK | Metro: Tillman 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 | $840 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $38,598 | 2.38% | A+ |
| 3BR | $1,270 | $91,302 | 1.39% | A |
U.S. Census Bureau data (2024)
The ZIP code 73570, located in Tipton, OK, has a population of 970 residents. With 22.5% of the population being renters, it indicates that this area is not heavily dominated by rental properties but still maintains a notable tenant pool. The median household income stands at $66,528, which provides context for the affordability of housing in the region.
The market rent in this area is $638, representing approximately 9.6% of the median household income. This percentage suggests that the cost of renting is relatively manageable for the average resident. However, when compared to the Fair Market Rent (FMR) of $940 for FY 2026 in the metro area, it becomes evident that the rental rates in ZIP 73570 are below the regional average, indicating a potential gap between market rent and the amount landlords might aim to charge.
A landlord in this area should expect tenants who rely on Section 8 vouchers due to the lower market rent and the percentage of renters. These tenants will likely have an income level that aligns with the federal poverty guidelines, ensuring they can afford their portion of the rent while the government covers the remainder. Given the income levels and the market rent, landlords must be prepared to accept rents that are a significant but reasonable portion of the local income, ensuring they remain competitive and attractive to voucher holders.
The presence of Section 8 tenants means landlords need to comply with HUD regulations and perform background checks as required by the program. Tenants in this ZIP code will predominantly be families or individuals with low to moderate incomes, seeking affordable housing options. Landlords should also be aware of the potential for increased maintenance costs and the importance of thorough screening processes to mitigate risks associated with tenant turnover and compliance issues.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.