Section 8 Fair Market Rent (FMR) for ZIP 73726 - 2027

Location: Woods County, OK | Metro: Alfalfa County, OK

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$700
1 Bedroom	$750
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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

420

Median Household Income

$59,063

Housing Units

219

Renter Percentage

31.1%

Occupancy Rate

76.3%

Renter Occupied

The ZIP code 73726, located in the heart of Oklahoma, offers a unique opportunity for real estate investors interested in the Section 8 housing market. This area is characterized by its stable community, which has been influenced by recent trends in federal rental assistance programs.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $940, indicating the maximum amount that a landlord can charge for a Section 8 voucher holder.
The average market rent, as per the Census ACS data, stands at $688, showing a significant gap between the FMR and the actual rental prices, which could be advantageous for landlords participating in the Section 8 program.
The median home value is listed as N/A, suggesting that there might be limited data available on home values, but it does not necessarily imply low property values.
Renters make up 31.1% of the population, highlighting a substantial portion of the community that relies on rental properties, including those supported by Section 8 vouchers.
The median income for residents in ZIP 73726 is $59,063, providing insight into the economic conditions and potential demand for affordable housing options.

In summary, ZIP 73726 presents a balanced opportunity for real estate investors. With a notable disparity between the Fair Market Rent and the actual market rent, landlords can benefit financially by participating in the Section 8 program. The significant renter share suggests a robust demand for rental units, while the median income figure indicates that residents have the means to contribute to a stable rental environment. Despite the lack of specific data on median home values, the other indicators point towards a viable investment scenario for those interested in the Section 8 housing market.

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.