Location: Enid, OK | Metro: Enid, OK MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The ZIP code 73720, located in the Enid, OK MSA metro, fits well into a Section 8 portfolio strategy as a cash-flow anchor. With a Fair Market Rent (FMR) of $970 for fiscal year 2024, the rental income aligns closely with the government subsidy, ensuring steady cash flow. Although the median home value is listed at $185,700, there is limited market data available, which makes it difficult to assess appreciation potential. However, the strong median household income of $97,188 indicates that the area is economically stable, supporting the viability of rental properties.
The low renter share of 0.0% suggests that most residents own their homes, which can be advantageous for landlords as it implies less competition from owner-occupied homes. This characteristic, combined with the FMR figure, positions ZIP 73720 as a reliable source for consistent rental income, making it a suitable choice for investors seeking a stable cash flow component within their portfolio. While appreciation plays and diversifiers offer different benefits, the economic stability and alignment with Section 8 guidelines make this ZIP code an ideal cash-flow anchor.
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.