Location: Roger Mills County, OK | Metro: Custer County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,260 |
| 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 ZIP code 73650 stands out due to its unique demographic and economic characteristics. With only 893 residents, it has a low population density, making it an ideal location for those seeking a quieter lifestyle. Despite the small population, 18.3% of residents are renters, indicating a niche but present rental market. The median income here is relatively modest at $71,250, which contrasts with the high median home value of $220,329. This suggests that homeownership is more costly relative to income, potentially limiting the number of owner-occupied homes.
Moving into the specifics of Section 8 housing assistance, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $940. However, the actual market rent, as per Census ACS data, is significantly lower at $583. This disparity means that landlords participating in the Section 8 program can expect higher rents compared to the local market rate, although they should be aware that the overall demand might be limited due to the small population size and the relatively high cost of living.
The data signature for ZIP 73650 reads as stable. The low population and high median home value suggest a community where change happens slowly. While the rental market is smaller, the potential for slightly above-market rents through the Section 8 program can make it attractive for landlords looking to secure steady tenants. For small-portfolio investors, this ZIP code offers a balanced opportunity, with manageable risk and the potential for stable returns.
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.