Location: Greer County, OK | Metro: Beckham County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 73673, located in Greer County, OK, reveals several key points that are crucial for landlords and small-portfolio investors.
The rent math does not work favorably in this area. The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,010, which is significantly higher than the actual market rent reported by the Census ACS, currently at $721. This discrepancy suggests that landlords may face challenges in setting rents high enough to cover costs and generate profit, aligning with the FMR benchmark.
Regarding acquisition affordability, the data is less conclusive due to the lack of specific figures for median home values, days on market (DOM), and the percentage of homes that have had their prices cut. These missing metrics make it difficult to provide a precise assessment of how affordable it is to acquire properties in this ZIP code.
Tenant demand appears to be moderate. With a population of 302, the renter share stands at 34.5%. This indicates that while the number of potential tenants is limited, nearly one-third of the residents are renters, providing a steady but small pool of prospective tenants.
Verdict: ZIP 73673 presents a challenging investment scenario. The gap between the FMR and the actual market rent suggests that achieving profitability through rental income alone will be difficult without significant cost control measures. The moderate tenant demand, coupled with the limited population, implies that competition among landlords could be intense. Therefore, careful consideration of property acquisition costs and rental market dynamics is essential before investing in this area.
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.