Location: Roger Mills County, OK | Metro: Custer County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 73654 in the metro area for fiscal year 2026 is set at $940. This figure represents the payment standard for landlords participating in the Section 8 program, which is the maximum amount the government will pay towards a tenant's rent. It does not mean you can charge $940; your rent must still be reasonable compared to market rates.
To put this into perspective, the average market rent in ZIP 73654 is $731, according to the latest Census American Community Survey (ACS) data. This means that while the FMR is higher than the typical market rent, you cannot exceed the FMR if you want to qualify for the program.
The FMR of $940 is designed to cover a significant portion of the housing costs in the area. Given that renters make up 16.5% of the total population in ZIP 73654, there is a steady demand for affordable housing units. This percentage indicates that a substantial number of residents rely on rental properties, making it likely that there will be interested tenants for your Section 8 property.
If you're looking to acquire a rental property in ZIP 73654, the median home value is around $151,263. This price point is relatively low, which can be advantageous for investors looking to enter the market with a smaller capital outlay. However, remember that the acquisition cost is just one part of the equation; maintenance, repairs, and management fees also play crucial roles in your overall investment strategy.
Before committing to a Section 8 rental property, ensure that the property meets all local housing quality standards known as Housing Quality Standards (HQS). These standards are set by the Department of Housing and Urban Development (HUD) and must be met to receive approval under the Section 8 program. Failure to comply with these standards can result in penalties and loss of income.
In summary, with an FMR of $940 and an average market rent of $731, you have a clear guideline for setting your rent. The 16.5% renter share suggests a stable tenant pool, and the median home value of $151,263 provides a baseline for acquisition costs. To proceed, verify that your property complies with HUD's HQS to avoid any legal issues and ensure a smooth operation under the Section 8 program.
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.