Location: Roger Mills County, OK | Metro: Roger Mills County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 73660 are straightforward. For a two-bedroom apartment, the SAFMR (Small Area Fair Market Rent) is set at $940 per month for the fiscal year 2026. This figure is specific to this ZIP code and reflects the maximum amount that the Housing Choice Voucher program will pay towards the rent.
Local market rent data is currently unavailable for ZIP 73660, which makes it difficult to compare the SAFMR directly with what landlords might typically charge. However, understanding the SAFMR is crucial for landlords who wish to participate in the Section 8 program.
A landlord should know that the voucher payment does not cover the entire rent. Tenants are required to contribute a portion of their income towards the rent, which is generally around 30% of their adjusted monthly income. This amount is then added to the utility allowances to determine the total reimbursement a landlord receives.
The utility allowance varies based on the size of the household but is designed to cover reasonable costs for electricity, gas, water, and sewer. If a tenant's contribution plus the utility allowance exceeds $940, the landlord will receive the full reimbursement up to the $940 limit. Any amount above this will be the tenant's responsibility, and they must ensure they can afford it.
In ZIP 73660, the typical reimbursement gap or surplus for a two-bedroom voucher is calculated by subtracting the tenant's contribution and utility allowance from the SAFMR. Given the lack of specific market rent data, landlords should expect that if they charge more than $940, the difference will not be covered by the voucher program. Conversely, if they charge less, the voucher will cover the shortfall up to the $940 limit.
To illustrate, if a tenant's contribution and utility allowance total $800, the landlord would receive the full $940 from the voucher program. But if these amounts total $1000, the landlord would only receive $940, leaving the tenant responsible for the additional $60.
Landlords in ZIP 73660 must carefully consider the SAFMR when setting rental rates for properties participating in the Section 8 program. They should also factor in the potential for a reimbursement gap or surplus, depending on the actual rent charged and the tenant's financial situation.
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.