Location: Washita County, OK | Metro: Custer 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 | $710 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,020 | $68,959 | 1.48% | A |
| 3BR | $1,410 | $142,484 | 0.99% | C |
| 4BR | $1,700 | $207,631 | 0.82% | C |
U.S. Census Bureau data (2024)
In Clinton, Oklahoma (ZIP 73601), there are several potential issues that could impact a Section 8 investment. Firstly, tenant turnover could be a significant problem due to the disparity between the market rent of $867 and the Fair Market Rent (FMR) of $1,040 for fiscal year 2026. This gap suggests that tenants might struggle to afford the higher FMR, leading to frequent moves and higher vacancy rates.
Vacancy exposure is another concern, as the number of days on market (DOM) is not available. This lack of data makes it difficult to predict how long it will take to fill vacancies, which can be costly for landlords. Additionally, the deferred-maintenance exposure is notable. With a typical home value of $113,854 and a median income of $59,630, residents may find it challenging to maintain homes at the standard required by the Housing Choice Voucher program, potentially leading to increased maintenance costs for landlords.
However, these risks must be weighed against the high proportion of renters in the area, which stands at 28.2%. High renter density typically translates into higher demand for housing vouchers, which can stabilize occupancy rates and provide a steady stream of rental income. The presence of a large number of renters also indicates that there is a substantial pool of potential voucher holders who might be interested in your properties.
The verdict for Clinton, OK (ZIP 73601) as a first-time Section 8 landlord is moderate risk. While there are significant challenges related to tenant turnover and maintenance, the high renter share provides a buffer against vacancy risks, making it a viable option for those willing to manage these issues effectively.
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.