Location: Roger Mills County, OK | Metro: Beckham County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The rental market in ZIP code 73666, as represented by the Fair Market Rent (FMR) of $990 for fiscal year 2026, indicates a stable but evolving environment. While specific data on market rent, price-cut share, days on market (DOM), and median home value are currently unavailable, the significant 35.0% renter share provides insight into the local housing dynamics.
In markets with a high percentage of renters, there is often an underlying long-term housing pressure. This suggests that a substantial portion of residents find it advantageous to rent rather than buy, possibly due to economic factors, lifestyle choices, or the cost of homeownership relative to renting. The fact that over one-third of households are renters could point towards a scenario where demand for rental properties is robust, potentially indicating that supply might struggle to keep pace with this demand.
The absence of recent market rent data and the lack of information on price-cut shares and DOM do not allow for a precise assessment of whether supply is outpacing demand or vice versa. However, the FMR figure serves as a benchmark for affordability and quality standards, which landlords should consider when setting their rental prices. It's important to note that FMRs are used by the U.S. Department of Housing and Urban Development (HUD) to determine payment standards for housing assistance programs, and they reflect HUD's estimate of the 40th percentile of gross rents for standard quality units.
The high renter share also implies that any changes in the broader economic landscape, such as interest rate adjustments or shifts in employment trends, can have a pronounced effect on the rental market. Landlords and small-portfolio investors need to be aware of these external influences, as they can impact both the demand for rental units and the ability of tenants to pay rent.
To conclude, while we cannot definitively state whether supply or demand is leading in ZIP 73666 based on the available snapshot, the strong presence of renters signals a dynamic market with potential pressures on housing availability and pricing. Investors should monitor trends closely to adapt their strategies accordingly.
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.