Section 8 Fair Market Rent (FMR) for ZIP 73754 - 2027

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

Investment Score for ZIP 73754

N/A

Monthly Rent (2BR)

$960

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	$710
1 Bedroom	$780
2 Bedrooms	$960
3 Bedrooms	$1,260
4 Bedrooms	$1,290
5 Bedrooms	$1,496
6 Bedrooms	$1,676
7 Bedrooms	$1,810
8 Bedrooms	$1,901

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	$1,260	$165,261	0.76%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,043

Median Household Income

$95,625

Housing Units

462

Renter Percentage

19.1%

Occupancy Rate

80.5%

Renter Occupied

The ZIP code 73754, located in Oklahoma, offers a unique blend of rural charm and suburban convenience, making it an attractive location for both residents and investors. The area benefits from a strong local economy, with a median income that exceeds many surrounding regions, while still maintaining affordable housing options.

The Fair Market Rent (FMR) for ZIP 73754 in fiscal year 2024 is set at $1040, providing a benchmark for rental pricing that landlords should aim to meet or slightly exceed.
According to the Census American Community Survey (ACS), the market rent for the area is currently $896, indicating a potential opportunity for landlords to increase their rental rates.
The median home value in ZIP 73754 is $151,470, which is relatively low compared to other areas in the state, suggesting good affordability for tenants and a favorable entry point for investors.
Renters make up 19.1% of the population in this ZIP code, a figure that could indicate a smaller but still significant demand for rental properties.
The median income for residents is $95,625, which supports the ability of tenants to pay higher rents without financial strain.

The data points above suggest that ZIP 73754 presents a balanced investment opportunity. Landlords can leverage the gap between the current market rent and the FMR to potentially increase revenue, while the median home value indicates that the area remains affordable for tenants. The median income figure supports the likelihood of timely rent payments, reducing financial risk. However, the lower renter share suggests that competition for rental units might be less intense, which could impact occupancy rates. Overall, the combination of affordability and economic strength makes this area a solid choice for real estate investments, particularly for those looking to capitalize on rental property trends.

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.