Section 8 Fair Market Rent (FMR) for ZIP 73739 - 2027

Location: Alfalfa County, OK | Metro: Enid, OK MSA

Investment Score for ZIP 73739

N/A

Monthly Rent (2BR)

$1,000

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$760
1 Bedroom	$760
2 Bedrooms	$1,000
3 Bedrooms	$1,380
4 Bedrooms	$1,670
5 Bedrooms	$1,937
6 Bedrooms	$2,169
7 Bedrooms	$2,343
8 Bedrooms	$2,460

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,380	$146,812	0.94%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

416

Median Household Income

$91,875

Housing Units

209

Renter Percentage

12.5%

Occupancy Rate

95.7%

Renter Occupied

The ZIP code 73739, located in the heart of rural Oklahoma, presents a unique market opportunity for landlords and small-portfolio investors looking to capitalize on affordable housing. The area is characterized by its modest living costs and a growing interest in rental properties, making it an attractive location for those seeking steady returns.

The Fair Market Rent (FMR) for ZIP 73739 in fiscal year 2024 is set at $1000, providing a benchmark for rental pricing that landlords can use to ensure their properties remain competitive.
According to the latest Census American Community Survey (ACS), the average market rent in ZIP 73739 is $775. This indicates that there is room for price increases to align with the FMR, potentially boosting rental income.
The median home value in the area is $84,573, which is significantly lower than the national average, allowing investors to purchase properties at a fraction of the cost while still generating decent rental yields.
Renters make up 12.5% of the local housing market, suggesting a relatively stable demand for rental properties. However, this also implies that competition among landlords could be intense.
The median income in ZIP 73739 is $91,875, which is above the state average. This economic strength supports the ability of residents to afford higher rents, even when they exceed the current market rate.
The Days on Market (DOM) for rental listings is not applicable (N/A) due to limited data, but this could imply that rentals are either quickly filled or that there is a lack of comprehensive tracking in the area.

Investors considering ZIP 73739 should note the gap between the current market rent and the FMR, indicating potential for increased rental income. The low median home values offer a significant entry point for purchasing rental properties, while the strong median income suggests a solid financial base for tenants. Despite the modest renter share, the area's economic stability makes it a viable option for those willing to navigate the local market dynamics. Overall, ZIP 73739 offers a balanced investment opportunity with room for growth in rental pricing and property appreciation.

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.