Location: Custer 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 | $840 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $2,030 |
| 5 Bedrooms | $2,355 |
| 6 Bedrooms | $2,638 |
| 7 Bedrooms | $2,849 |
| 8 Bedrooms | $2,991 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,680 | $158,745 | 1.06% | B |
U.S. Census Bureau data (2024)
24.2% of residents in ZIP 73639 are renters, indicating a significant portion of the population relies on rental housing. The $1,065 market rent, as reported by the Census ACS, is lower than the $1,340 Fair Market Rent (FMR) for the metro area in fiscal year 2026, suggesting potential for higher rents among subsidized tenants. With a median home value of $133,800, there's an opportunity for landlords to invest in properties at reasonable prices while benefiting from the higher FMR. However, the median income of $73,269 could be a limiting factor for non-subsidized tenants, as it might not cover the higher rent amounts without financial assistance. The lack of data on days on market (DOM) and the percentage of price-cut shares does not provide insight into the speed of property sales or the necessity to reduce asking prices, but the existing figures still paint a compelling picture for Section 8 participation. Landlords can expect a stable tenant base willing to pay the FMR, which is above the average market rent. This scenario supports a positive outlook for Section 8 properties in ZIP 73639, given the alignment between the FMR and the potential rental income. The verdict on Section 8 participation in ZIP 73639 is favorable, considering the supportive fair market rent and the substantial renter population.
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.