Location: Washita 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 | $840 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,220 | $110,886 | 1.1% | B |
U.S. Census Bureau data (2024)
The median income in ZIP code 73664 stands at $105,833, which provides a strong financial foundation for potential renters. However, the market rate for rent, according to Census ACS data, is $763 per month, indicating that the majority of households have a significant disposable income beyond their rental expenses.
In comparison, the voucher payment standard is set at $940, which is higher than the market rate. This suggests that landlords who accept vouchers might be able to secure higher monthly payments than those relying solely on market-rate rents.
The ZIP code has a relatively low percentage of renters at 17.6%, with a total population of 1,137. This means that there is limited competition among landlords for tenants, as the number of people looking for rental properties is smaller relative to the overall population. The affordability gap between the median income and both the market rate and voucher rates implies that renters have the ability to pay more than the current market rate, but they may prefer the stability and support offered by voucher programs.
For landlords considering whether to accept vouchers or focus on cash-paying tenants, the data points to an opportunity. Accepting vouchers can provide a steady stream of income at a rate above the market average, reducing the risk of vacancy and ensuring consistent rental payments. On the other hand, landlords who do not accept vouchers will need to offer competitive pricing or amenities to attract tenants from the smaller pool of cash-paying renters.
Takeaway: Landlords in ZIP 73664 should consider accepting vouchers to capitalize on the higher payment standard ($940) compared to the market rate ($763). This strategy can help secure reliable tenants and avoid the risks associated with a lower tenant base.
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.