Location: Roger Mills County, OK | Metro: Roger Mills County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The ZIP code 73638 presents a unique scenario when analyzed through the lens of yield and stability for Section 8 real-estate investment. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. However, specific market rent and median home value data are not available for this ZIP code, which indicates a less competitive market and potentially fewer investment options.
On the stability axis, the ZIP code reveals some key insights. With 0.0% of the population being renters, it suggests that there's a very low demand for rental properties, likely due to homeownership being prevalent in the area. This lack of rental activity can be seen as a negative indicator for stability, as it implies limited opportunities for consistent cash flow from tenants.
The average days on market (DOM) data is also unavailable, which might indicate that property listings are either rare or quickly sold, but without concrete figures, this remains speculative. More importantly, the median household income is listed at $83,750. This figure is relatively high and could suggest a stable economic environment where residents have the financial capacity to maintain their homes, thus reducing the risk of property neglect or abandonment.
Given these factors, ZIP 73638 does not align with a high-yield/low-stability 'flip-style' market, nor does it fit neatly into the category of a steady-cashflow zone. Instead, it represents a niche market with limited potential for rental income due to the low percentage of renters. The high FMR compared to the unknown market rent and home values might indicate an opportunity for landlords willing to navigate a less populated rental sector. The median income, however, provides a measure of stability, suggesting that those who do rent are likely to be financially secure tenants.
To conclude, while the ZIP code offers a yield based on the FMR, the lack of rental demand and the absence of certain metrics make it a challenging market for small-portfolio investors looking for steady cash flow. It requires a more nuanced approach, focusing on the quality of tenants rather than the quantity of rentals.
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.