Location: Blaine County, OK | Metro: Blaine County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The investment landscape for Section 8 properties in ZIP code 73744 presents several challenges that must be carefully considered. Tenant turnover is a significant concern, especially when comparing the market rent of $695 to the Federal Market Rent (FMR) of $990 for fiscal year 2026 in the metropolitan area. This disparity suggests that tenants might seek higher-value accommodations, leading to higher turnover rates.
Vacancy exposure is another critical issue. The data does not provide a specific number of days on the market (DOM), which can make it difficult to predict how long units may remain vacant. High vacancy rates can severely impact cash flow and profitability, particularly if the property is heavily reliant on Section 8 tenants.
Deferred maintenance is also a notable risk. With a median income of $63,500, the financial capacity of residents to cover maintenance costs through their rental payments may be limited. This could result in a greater need for landlords to invest in property upkeep, potentially straining resources.
However, these risks are tempered by the substantial 28.6% renter share in the area. High renter density typically correlates with increased demand for housing vouchers, such as those offered under Section 8. This robust demand can stabilize occupancy levels and provide a steady stream of tenants willing to pay the government-subsidized rent.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.