Section 8 Fair Market Rent (FMR) for ZIP 73757 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$750
2 Bedrooms	$950
3 Bedrooms	$1,210
4 Bedrooms	$1,410
5 Bedrooms	$1,636
6 Bedrooms	$1,832
7 Bedrooms	$1,979
8 Bedrooms	$2,078

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

7.5%

Occupancy Rate

71.4%

Renter Occupied

The town of Northfield, Connecticut, represented by ZIP code 73757, offers a unique opportunity for real estate investors interested in the Section 8 housing market. This small suburban area, known for its quiet streets and close-knit community, has a specific set of characteristics that can inform investment decisions.

The Fair Market Rent (FMR) for ZIP 73757 in fiscal year 2024 is set at $910, providing a benchmark for rental properties eligible for Section 8 subsidies.
Despite the lack of specific data on market rents for the area (market rent N/A), the FMR serves as a guideline for landlords accepting Section 8 tenants.
The median home value in the region is not available (median home value N/A), which suggests limited data on property values but does not preclude opportunities in the rental sector.
Renters make up 7.5% of the local population, indicating a smaller but still significant demand for affordable housing options.
There is insufficient data to determine the average days on market (DOM) for rentals in this ZIP code (N/A-day DOM).
The median income for residents is also not available (median income N/A), making it challenging to gauge the economic profile of potential tenants.

Given the limited data points available, landlords and small-portfolio investors should focus on the Fair Market Rent of $910 as a critical figure for setting rental prices for Section 8 properties. The relatively low share of renters at 7.5% implies a niche market, which could be advantageous if competition is minimal. Without specific market rent or median income data, investors must rely on the FMR as a proxy for both affordability and market rate expectations. While the lack of detailed metrics such as DOM and median home values presents challenges in fully understanding the local real estate dynamics, the opportunity to serve a segment of the population through Section 8 remains viable. Landlords should ensure their properties meet HUD standards and prepare for potentially longer vacancy periods due to the limited data on rental turnover rates.

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.