Location: Roger Mills County, OK | Metro: Beckham 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 | $710 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $970 | $57,553 | 1.69% | A+ |
| 3BR | $1,160 | $163,878 | 0.71% | D |
| 4BR | $1,380 | $241,402 | 0.57% | F |
U.S. Census Bureau data (2024)
The potential risks for a Section 8 investment in ZIP code 73662 in Sayre, OK, are significant. Tenant turnover is likely to be high due to the disparity between the market rent of $761 and the Fair Market Rent (FMR) of $1,030 for the metro area. This difference can lead to dissatisfaction among tenants who may prefer higher-quality housing that better matches their expectations based on the FMR.
Vacancy exposure is another concern, as the average days on market (DOM) for rental properties is not available. Without this data, it's difficult to predict how long a property might remain vacant, which could result in financial strain for the landlord. Additionally, the deferred maintenance exposure is noteworthy, given the typical home value of $121,251 and the median household income of $54,775. Landlords should be prepared to invest in necessary repairs and maintenance, as the income level suggests that tenants may not have the resources to cover such costs.
Despite these challenges, there are mitigating factors that make the investment more appealing. The renter share in Sayre is 28.1%, indicating a high concentration of renters. This statistic suggests a robust demand for rental housing, including units that accept Section 8 vouchers. A large renter base often translates into a steady stream of potential tenants, reducing the risk of prolonged vacancies.
In conclusion, the risks associated with a first-time Section 8 landlord in ZIP code 73662 are moderate. While there are significant challenges, particularly regarding tenant turnover and maintenance costs, the high renter density provides a buffer against some of these risks.
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.