Section 8 Fair Market Rent (FMR) for ZIP 73667 - 2027
Location: Dewey County, OK | Metro: Dewey County, OK
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $700 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$67,500
The ZIP code 73667, located in the heart of rural Oklahoma, offers a stable and predictable rental market that aligns well with federal housing guidelines. This area is characterized by modest property values and incomes, making it an attractive investment opportunity for those looking to enter the real estate market without the volatility often seen in urban centers.
- Fair Market Rent (FMR): The FMR for ZIP 73667 is set at $940 for the fiscal year 2026, reflecting the federal government's assessment of the average monthly rent for a standard two-bedroom apartment in the area.
- Market Rent: According to the latest Census American Community Survey (ACS), the actual market rent for the area is slightly higher at $960, indicating that landlords can expect to charge a bit above the FMR if they manage their properties efficiently.
- Median Home Value: The median home value in ZIP 73667 stands at $126,438, which is relatively low compared to other parts of the country, suggesting that there is potential for appreciation as the local economy grows.
- Renter Share: Approximately 28.6% of the households in this ZIP code are renters, indicating a substantial demand for affordable housing options. This statistic is crucial for investors considering the rental market.
- Days on Market (DOM): The data shows that the days on market for rental listings is not available, which could imply either a very quick turnover or a less competitive market where properties are rented out swiftly upon listing.
- Median Income: The median household income in ZIP 73667 is $67,500, providing insight into the economic capacity of residents to afford housing. This figure suggests that most residents are likely to qualify for housing assistance programs, including Section 8.
In summary, ZIP 73667 presents a straightforward investment scenario for real estate analysts. With Fair Market Rents closely aligned with actual market rents, a significant portion of the population renting, and median incomes that support eligibility for housing assistance programs, the area is poised for steady returns. The low median home values also suggest a potential for capital appreciation, making this ZIP code an appealing choice for landlords and small-portfolio investors seeking stability and growth.
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.