Location: Kingfisher County, OK | Metro: Blaine County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The ZIP code 73764 represents a rural area in Oklahoma, characterized by a modest population of 160 residents. Given that 22.0% of these residents are renters, it suggests a community where a significant portion of the population relies on rental housing. The lack of data on median income and median home value indicates that detailed economic information might be limited, which is not uncommon for smaller, less densely populated areas.
Turning to the rent economics, the Fair Market Rent (FMR) set by HUD for the metro area in fiscal year 2026 is $940. However, the actual market rent, as reported by the Census Bureau's American Community Survey (ACS), stands at $765. This gap between the FMR and the market rent highlights an opportunity for landlords who can leverage the higher reimbursement rates offered by the Section 8 program to enhance their profitability. By participating in the Section 8 program, landlords can secure a steady stream of income at rates above the local market average, thereby increasing their rental yield.
Given the characteristics of ZIP 73764, it would be well-suited for a hands-off voucher operator. The relatively low number of renters and the straightforward economic dynamics make it a good fit for those who prefer a passive investment approach. However, it also presents opportunities for a hands-on value-add buyer who could improve property conditions and management practices to further capitalize on the discrepancy between the FMR and the current market rents. Such an investor could potentially increase rents closer to the FMR while still benefiting from the voucher program, thus improving both the quality and the financial performance of the properties.
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.