Location: Dewey County, OK | Metro: Blaine County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 73646 are defined by the SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment, which is set at $960 per month for fiscal year 2026. This figure is crucial because it represents the maximum amount that the Housing Choice Voucher program will pay to landlords for eligible tenants. However, it's important to note that the local market rent for ZIP 73646 is currently unavailable, which means we must rely on the SAFMR to guide our analysis.
To understand what a voucher actually pays, let's break down the components. The voucher payment consists of the difference between the SAFMR and the tenant's portion of the rent, plus any utility allowances. Typically, the tenant is required to pay 30% of their adjusted income towards rent. If we assume an average adjusted income of $1,500 for a tenant in ZIP 73646, the tenant would contribute $450 per month ($1,500 * 30%). Thus, the voucher would cover the remaining $510 ($960 - $450).
In addition to the base rent, utility allowances are also factored into the total reimbursement. For ZIP 73646, the utility allowance for a two-bedroom unit is set at $200 per month. Therefore, the total monthly reimbursement from the voucher program to the landlord would be $710 ($510 + $200).
This SAFMR rate is specifically set for ZIP 73646, reflecting the unique economic conditions of this area. It is not a uniform rate applied across a broader metro or county area, ensuring that landlords receive payments that are tailored to the local cost of living and rental market dynamics.
Given the SAFMR of $960 and the typical reimbursement of $710, landlords can expect a reimbursement gap of $250 per month for a two-bedroom unit. This gap represents the difference between the SAFMR and the actual reimbursement received from the voucher program. Landlords should factor this gap into their financial planning when considering participation in the Section 8 program.
To summarize, the SAFMR for ZIP 73646 is $960 for a two-bedroom apartment, with a typical reimbursement of $710 once the tenant's contribution and utility allowances are accounted for. This results in a consistent reimbursement gap of $250 per month for landlords participating in the Section 8 program for this area.
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.