Location: Beckham County, OK | Metro: Beckham County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,140 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 73668 in Beckham County, Oklahoma reveals several critical insights for landlords and small-portfolio investors.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the area, set at $980 for the fiscal year 2026, does not have a direct comparison with the current market rent due to lack of available data. However, the FMR serves as a guideline for what is considered fair and reasonable for the area, suggesting that setting rents around this figure could be viable if the market supports it.
Regarding the affordability of acquisitions, the median home value is not provided, which makes it challenging to assess the cost of buying properties in the area. Similarly, the number of days on market (DOM) and the percentage of homes requiring price cuts are also unspecified. Without these metrics, it's difficult to provide a comprehensive assessment of how affordable property acquisitions might be. Landlords should seek out local real estate agents or market reports to fill these gaps.
Tenant demand is another key factor. ZIP 73668 has a population of 26, with 7.1% being renters. This indicates a very small pool of potential tenants, which could pose challenges in maintaining occupancy rates. Given the low population, even a slight increase in vacancies could significantly impact rental income stability.
In summary, while the Fair Market Rent provides a benchmark for setting rental prices, the limited population size suggests that tenant demand will likely be constrained. The absence of specific data on median home values, days on market, and price cut percentages leaves significant uncertainty about the affordability of acquisitions. Landlords considering investment in ZIP 73668 must carefully evaluate the local real estate market dynamics and tenant availability before proceeding.
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.