Location: Kingfisher County, OK | Metro: Kingfisher 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 | $750 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,070 | $136,612 | 0.78% | D |
| 3BR | $1,310 | $235,895 | 0.56% | F |
| 4BR | $1,530 | $345,196 | 0.44% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP 73750, which is located in Kingfisher, OK, Kingfisher County, are straightforward. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this ZIP code for fiscal year 2026 is set at $1,050. This SAFMR is specifically tailored to reflect the rental costs in this precise area, ensuring that it accurately represents the local housing market conditions.
In contrast, the local market rent for a two-bedroom unit, according to the Census ACS data, is lower at $889. This difference highlights the potential financial dynamics for landlords participating in the Section 8 program in Kingfisher, OK.
A Section 8 voucher works by covering the difference between what a tenant can afford and the actual cost of rent. The tenant's portion is typically calculated as 30% of their adjusted income. If we assume an average household income in the area, the tenant might contribute around $267 towards the rent, which is 30% of the SAFMR of $1,050. The remaining amount is covered by the voucher. However, the voucher does not cover the entire SAFMR; it reimburses up to the SAFMR limit.
Utility allowances are also part of the calculation. These vary but generally add about $200-$300 to the base rent. For simplicity, let’s assume an additional utility allowance of $250. This brings the total reimbursement close to the SAFMR cap of $1,050.
Given these specifics, if you charge the SAFMR of $1,050, the typical reimbursement from a Section 8 voucher would be the full $1,050, assuming the utility allowance is included. But if your rent is higher than $1,050, you will not receive the excess from the voucher program. Conversely, if your rent is below the SAFMR, the voucher will still pay only up to $1,050, leaving a surplus for landlords who charge less than the SAFMR.
In ZIP 73750, where the local market rent is $889, landlords who participate in Section 8 and set their rents at the local market rate can expect a surplus of approximately $161 per month on a two-bedroom unit when factoring in the typical reimbursement. This surplus is due to the SAFMR being higher than the local market rent, thus providing landlords with a buffer above the market rate they might otherwise receive.
To summarize, landlords in ZIP 73750 should aim to keep their two-bedroom rents at or slightly below the SAFMR of $1,050 to maximize their reimbursement while avoiding any gaps. By doing so, they ensure steady income without risking non-payment from the voucher program.
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.