Location: Major County, OK | Metro: Dewey 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 | $780 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,420 | $168,933 | 0.84% | C |
U.S. Census Bureau data (2024)
The classification of ZIP code 73663 hinges on analyzing its yield and stability metrics against the backdrop of the Federal Market Rent (FMR) and local market conditions.
Yield analysis reveals that the FMR for the metro area in fiscal year 2026 stands at $1,070, which is slightly higher than the market rent of $1,035. This indicates a modest premium for federally subsidized tenants, potentially attracting properties with higher occupancy rates among such tenants. However, the median home value of $145,676 suggests that the area is not overly expensive, making it relatively accessible for both rental and purchase investments.
Stability metrics paint a different picture. With only 19.3% of residents being renters, the market leans towards a more owner-occupied environment, which can be less stable for rental investments due to lower demand. The lack of available data on days on market (DOM) could imply either a balanced market or an underreported metric, but the average household income of $61,103 provides a baseline understanding of the financial capacity of residents. This figure is critical for assessing the ability of potential tenants to afford rents, thereby influencing long-term stability.
Based on these figures, ZIP code 73663 does not fit neatly into a high-yield/low-stability "flip-style" market nor a steady-cashflow zone. Instead, it appears to be a market with moderate yield opportunities given the slight FMR advantage over market rents. Stability is somewhat compromised by the low percentage of renters and limited data on DOM, but the income levels suggest a middle ground where there is some risk but also potential for consistent cash flow.
To summarize, while the area offers a modest yield opportunity, the stability is questionable due to low renter percentages and unknown DOM figures. Investors should focus on the income levels and median home values when considering investment strategies in this ZIP code.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.