Location: Dewey County, OK | Metro: Blaine 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 | $670 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,270 | $172,918 | 0.73% | D |
| 4BR | $1,530 | $245,540 | 0.62% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 73669, as determined by the Department of Housing and Urban Development (HUD), is set at $940 for the metro area in fiscal year 2026. This figure represents the payment standard for Section 8 housing vouchers, which is the maximum amount the government will pay toward your tenant's rent. It does not reflect the actual rent you can charge.
In comparison, the average rent in ZIP 73669, based on recent Census American Community Survey (ACS) data, is $723. This indicates that the FMR is higher than the typical market rate, which could be beneficial for landlords participating in the Section 8 program.
With a renter share of 15.8%, there is a moderate demand for rental properties in this area. This means that slightly over 15% of households are renters, creating a stable but not overwhelming market for rentals. The median household income in ZIP 73669 is around $162,952, suggesting that property acquisition costs in this area are relatively high compared to the average rent.
To clarify, while the median income is high, it doesn't directly correlate to the rental market dynamics. The key point is that the FMR being above the average market rent could make Section 8 properties more attractive for landlords in this ZIP code.
Before deciding to enter the Section 8 market with your first rental property, verify that your property meets all the necessary criteria for HUD inspection. This includes ensuring that your unit is up to code and passes a thorough safety and quality check. This step is crucial because failing the inspection can delay the process significantly, impacting your ability to secure a tenant quickly.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.