Location: Major County, OK | Metro: Alfalfa 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 | $800 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,370 | $203,804 | 0.67% | D |
U.S. Census Bureau data (2024)
The Section 8 cap-rate analysis for ZIP code 73760 provides a clear picture of potential rental yields based on available data. The Federal Market Rent (FMR) for a two-bedroom unit in fiscal year 2026 is set at $940 per month, reflecting the metro area standard. This translates into an annualized rent of $11,280.
To calculate the implied gross yield using the FMR, we divide the annual rent by the median home value. For ZIP 73760, the median home value is $190,181. Thus, the implied gross yield using the FMR would be approximately 5.93%. This calculation is done as follows:
However, the market rent for the area is currently not available, making it difficult to provide an accurate comparison with the FMR-based yield. Despite this, the low renter density of 2.4% suggests that the actual market rent might be lower than the FMR, which could impact the gross yield negatively. A higher Days on Market (DOM), if available, would further indicate a softer rental market and potentially lower gross yields.
In conclusion, while the FMR implies a gross yield of 5.93%, the lack of market rent data and the low renter density make it challenging to assert a more realistic scenario definitively. Landlords and investors should consider these factors when evaluating the potential returns of properties in ZIP 73760 under the Section 8 program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.