Location: Washita County, OK | Metro: Jackson 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 | $700 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $54,275 | 1.7% | A+ |
| 3BR | $1,270 | $105,848 | 1.2% | B |
U.S. Census Bureau data (2024)
The Lone Wolf, OK (Kiowa County, Washita County, OK metro) area, represented by ZIP 73655, presents a unique opportunity for Section 8 investors. The HUD Fair Market Rent (FMR) for the metro scope in fiscal year 2026 is set at $940. In contrast, the Census ACS reports an average market rent of $600. This discrepancy indicates that voucher tenants will cashflow at FMR, providing a substantial buffer between the HUD subsidy and actual market rates.
To further understand the investment potential, consider the median home value in the area, which stands at $82,880. Using this figure, we derive a rent-to-price ratio of approximately 0.72%, suggesting that rental income represents a small portion of the property's value. However, this low ratio is balanced by the high cashflow potential from Section 8 vouchers.
Data from Realtor.com reveals the median days on market (DOM) for homes in ZIP 73655 was 140 days in February 2026. This relatively long DOM period could indicate slower sales activity, but it does not necessarily affect rental properties. Additionally, the percentage of price cuts shared is not available, which means we cannot assess the frequency of price reductions in the area. However, given the strong cashflow potential, the need for significant price adjustments is less critical.
The strongest angle for investors in this market is cashflow. With a robust difference between the HUD FMR and the local market rent, landlords and small-portfolio investors can expect consistent positive cashflow from Section 8 tenants without the necessity of premium units.
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.