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 | $700 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $59,761 | 1.54% | A+ |
| 3BR | $1,190 | $139,337 | 0.85% | C |
U.S. Census Bureau data (2024)
In Canton, OK (ZIP 73724), investing in properties for Section 8 tenants presents several potential challenges. First, tenant turnover can be high due to the significant gap between the market rent of $777 and the Fair Market Rent (FMR) of $940 for FY 2026. This discrepancy suggests that tenants might seek higher rents or move to areas where their vouchers cover a larger portion of the total rent.
Vacancy exposure is another concern, as the average days on market (DOM) for rental properties is not available. This lack of data makes it difficult to predict how long a property might remain vacant, increasing financial risk for landlords.
Deferred maintenance is also a factor to consider. The typical home value in the area is $110,009, while the median income stands at $70,833. These figures indicate that residents may struggle to afford substantial repairs or improvements, which could lead to increased maintenance costs for landlords over time.
However, these risks are balanced by the high renter share of 19.3%. A significant proportion of the population renting typically translates into higher demand for rental units, including those that accept Section 8 vouchers. This demand can help mitigate some of the risks associated with tenant turnover and vacancy exposure.
Verdict: Moderate risk for a first-time Section 8 landlord in Canton, OK (ZIP 73724).
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.