Location: Beckham County, OK | Metro: Beckham 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 | $720 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,140 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,140 | $112,211 | 1.02% | B |
U.S. Census Bureau data (2024)
The ZIP code 73645 encompasses a rural neighborhood characterized by a modest population size of 1,086 residents. Renters make up 27.2% of the community, indicating a relatively stable housing market with a significant portion of homeowners. The median household income stands at $35,625, reflecting a lower-middle-class area where financial resources might be limited for many families. Median home values in this ZIP code are notably low at $81,214, suggesting affordable housing options for both buyers and investors.
Turning to the rent economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, whereas the current market rent, according to the Census ACS, is $715. This gap between the FMR and the actual market rent presents an opportunity for investors, particularly those interested in the Section 8 Housing Choice Voucher program. Landlords can benefit from higher rents paid by the government through vouchers compared to the local market rates, which could enhance profitability.
Considering the hands-off versus hands-on approach, ZIP 73645 is well-suited for both types of operators. For a hands-off voucher operator, the ZIP code offers a straightforward investment strategy with potential for consistent cash flow due to the government-backed rental support. The lower median home values and median incomes indicate a demand for subsidized housing, making it a reliable choice for those seeking stable returns without active property management.
On the other hand, a hands-on value-add buyer could also find success here. By improving properties to meet or exceed the FMR standards, such an investor could attract tenants willing to pay the higher voucher-supported rents. This strategy would require initial capital investment but could lead to higher long-term returns and potentially increase the property's value beyond the current median of $81,214.
In summary, ZIP 73645 provides a balanced environment for Section 8 investors, offering opportunities for both passive and active strategies. The existing economic conditions favor government-supported rental programs, making it an attractive option for those looking to capitalize on the discrepancy between FMR and local market rents.
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.