Section 8 Fair Market Rent (FMR) for ZIP 73734 - 2027

Location: Kingfisher County, OK | Metro: Kingfisher County, OK

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$660
1 Bedroom	$750
2 Bedrooms	$950
3 Bedrooms	$1,210
4 Bedrooms	$1,440
5 Bedrooms	$1,670
6 Bedrooms	$1,870
7 Bedrooms	$2,020
8 Bedrooms	$2,121

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

747

Median Household Income

$54,643

Housing Units

385

Renter Percentage

20.9%

Occupancy Rate

85.7%

Renter Occupied

ZIP code 73734, located in the heart of rural Oklahoma, offers a unique opportunity for real-estate investors looking to enter a stable and growing market. The area is characterized by its modest housing values and rental rates, making it accessible for both new and seasoned investors.

The Fair Market Rent (FMR) for ZIP 73734 stands at $1,010 for the fiscal year 2026, indicating a steady demand for affordable housing options in the region.
The average market rent, according to the Census ACS, is currently $853, suggesting that there is room for slight increases in rental pricing without deterring potential tenants.
The median home value in the area is $219,806, which is relatively low compared to urban centers, providing a good entry point for property acquisitions.
Renters make up 20.9% of the population, showing a significant portion of residents who prefer leasing over homeownership, likely due to economic conditions or lifestyle choices.
The median household income in ZIP 73734 is $54,643, reflecting a community where affordability is key, and rental properties priced below the FMR can attract a substantial tenant base.

Investors should note that while the rental market is moderately priced, the stability of the area's economy and the reasonable cost of acquiring properties present a solid foundation for investment. With a fair market rent above the current market rate and a significant portion of the population renting, there is potential for positive cash flow. However, the relatively low median income suggests that targeting affordable housing could be most effective. Overall, ZIP 73734 provides a balanced environment for real estate investment, particularly in the rental sector.

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.