Location: Grant County, OK | Metro: Grant 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 | $800 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,450 | $145,636 | 1% | C |
U.S. Census Bureau data (2024)
21.5% of residents in ZIP code 73766 are renters, indicating a significant portion of the population relies on rental housing. In this context, understanding the financial landscape is crucial for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,020, which serves as a benchmark for rental pricing in the area. However, the actual market rent, as per Census ACS data, stands slightly higher at $1,058, suggesting a competitive market where rents can be set above the FMR without significantly deterring tenants.
$111,548 is the median home value in ZIP 73766, reflecting the overall property values in the region. This figure is important for assessing potential capital appreciation and property values. Additionally, the median income of $58,233 provides insight into the earning capacity of local residents, which is critical for gauging their ability to pay higher rents. While the median income is lower than the median home value, it aligns well with the market rent, indicating that residents can afford the current rental prices.
N/A-day DOM and N/A% price-cut share suggest incomplete data regarding the average days on market and the percentage of listings that required price reductions. These metrics would typically help investors understand the speed of the rental market and the necessity of adjusting prices to attract tenants. Without these figures, it's challenging to provide a detailed analysis of market dynamics, but the available data points to a stable rental environment.
In conclusion, given the $1,020 FMR and the $1,058 market rent, landlords can expect to charge slightly above the government-set rate while still remaining competitive. With a 21.5% renter share and a median income of $58,233, there is a solid tenant base capable of paying the prevailing market rates. Based on the current data, the verdict for Section 8 participation in ZIP 73766 is positive, as it offers a reliable source of income for landlords willing to participate in the program.
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.