Section 8 Fair Market Rent (FMR) for ZIP 73762 - 2027

Location: Kingfisher County, OK | Metro: Oklahoma City, OK HUD Metro FMR Area

Investment Score for ZIP 73762

Monthly Rent (2BR)

$970

Median Price (2BR)

$185,478

1% Rule

0.52%

Annual Yield

6.28%

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	$970
3 Bedrooms	$1,260
4 Bedrooms	$1,440
5 Bedrooms	$1,670
6 Bedrooms	$1,870
7 Bedrooms	$2,020
8 Bedrooms	$2,121

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
2BR	$970	$185,478	0.52%	F
3BR	$1,260	$274,948	0.46%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,286

Median Household Income

$93,194

Housing Units

860

Renter Percentage

16.1%

Occupancy Rate

85.7%

Renter Occupied

119

To determine if you should buy a property in ZIP code 73762 (Okarche, OK) for Section 8 investment, follow these steps:

Step 1: Can the Fair Market Rent (FMR) of $1090 cover the debt service on a $282,989 property?

No: The FMR of $1090 per month does not sufficiently cover the debt service on a property priced at $282,989. To calculate the monthly mortgage payment, we need to know the interest rate and term of the loan, but generally, a property of this value will require a higher rental income to clear the debt service. A typical mortgage payment for a property this size could easily exceed $1090 per month.

Step 2: How does the market rent of $798 compare to the FMR?

Below FMR: The market rent of $798 is below the FMR of $1090, which means that Section 8 tenants can pay up to $1090 per month in rent, potentially providing a higher income than what the general market offers.

Step 3: Is there sufficient demand with 16.1% of the population being renters and an unknown number of days on the market (DOM)?

It Depends: With 16.1% of the population being renters, there is some demand for rental properties. However, the lack of data on the average days on the market (DOM) makes it difficult to assess how quickly properties are rented out. If the DOM is low, it suggests strong demand; if high, it indicates weaker demand.

In summary, while the potential for higher rental income exists due to the FMR being above the market rent, the initial investment cost of $282,989 is too high for the FMR to cover the debt service. Additionally, the demand for rental properties is present but cannot be fully assessed without knowing the DOM. Therefore, the answer to whether you should buy in ZIP 73762 for Section 8 investment is no.

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.