Location: Grant County, OK | Metro: Alfalfa County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The ZIP code 73758 stands as a market in motion, characterized by a fixed Fair Market Rent (FMR) of $960 for the fiscal year 2026. This figure, set by HUD, reflects the economic realities of the area but lacks the volatility seen in some other markets due to its static nature. The absence of recent market rent data suggests that either there is limited activity or the market has been relatively stable over the past period.
With a 6.2% renter share, it's evident that the majority of residents in 73758 own their homes. However, this low percentage of renters also implies a potential for increased rental demand in the future. As the local economy evolves and attracts new residents, the proportion of renters could rise, creating upward pressure on rents and potentially increasing the demand for rental properties. This dynamic is crucial for landlords and small-portfolio investors who must be prepared to adapt to changing conditions.
The lack of recent data on price-cut share and days on market (DOM) indicates a possible equilibrium between supply and demand. If there were significant over-supply, we would likely see higher percentages of price cuts and longer DOM periods. Conversely, if demand were outpacing supply, there might be less need for price reductions and shorter DOM times. The current snapshot suggests that the market is neither flooded with inventory nor experiencing a shortage of available units.
The median home value is also unspecified, which can be interpreted as a sign of stability. In rapidly changing markets, median home values tend to fluctuate more significantly. A stable median home value suggests that the housing market is consistent, which is generally favorable for long-term investment strategies.
In conclusion, while the snapshot of ZIP 73758 provides limited recent market activity data, the fixed FMR and low renter share suggest a market where homeownership is prevalent and demand for rentals is currently modest. Landlords and small-portfolio investors should remain vigilant to signs of change in the local economy and housing trends, as these factors will influence the dynamics of the rental market moving forward.
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.