Location: Major County, OK | Metro: Enid, OK MSA
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 | $760 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,330 | $173,211 | 0.77% | D |
U.S. Census Bureau data (2024)
166,637 The median home value in ZIP code 73718 underscores a stable housing market, ideal for small-portfolio investors seeking consistent returns. 4.9% Renter share indicates a moderate demand for rental properties, suggesting that landlords can expect steady occupancy rates without excessive competition. $1000 The Fair Market Rent (FMR) for 2024 highlights the upper limit for Section 8 payments, which is crucial for landlords to ensure profitability. $62,917 Median income figures point to the financial capacity of residents, providing a basis for setting reasonable rents and screening tenants effectively. N/A The lack of specific data on days on market (DOM) and price-cut share suggests a well-balanced market where property values are relatively stable and adjustments are minimal. This stability benefits both landlords and investors, as it reduces the risk of significant fluctuations in rental income or property value. In conclusion, the combination of a moderate renter share, stable median home values, and known FMR limits makes ZIP code 73718 a viable option for Section 8 participation, ensuring a predictable and sustainable income stream.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.