Location: Major County, OK | Metro: Major 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 | $840 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,490 | $251,273 | 0.59% | F |
U.S. Census Bureau data (2024)
The Section 8 cap-rate analysis for ZIP code 73768 provides a detailed insight into potential investment opportunities. The Fair Market Rent (FMR) for a two-bedroom apartment in this area is set at $1,130 annually, based on the FY 2026 metropolitan guidelines. Meanwhile, the Census ACS indicates a market rent of $932 for a similar unit.
To calculate the implied gross yield, we first annualize these figures. For the FMR scenario, multiplying $1,130 by 12 gives an annual rental income of $13,560. Dividing this by the median home value of $229,677 yields an implied gross yield of approximately 5.9%. On the other hand, using the market rent figure of $932, the annual rental income comes to $11,184, resulting in an implied gross yield of around 4.9% when divided by the median home value.
Given that only 10.6% of households in ZIP 73768 are renters, it suggests that the demand for rental properties might be lower compared to areas with higher renter densities. This makes the market rent scenario more realistic. The fact that the days on market (DOM) is listed as N/A implies that there could be limited data available regarding how quickly rental units are being leased, which further supports the idea that the market rent scenario should be considered more practical.
In conclusion, while the Section 8 FMR offers a higher gross yield of 5.9%, the actual market conditions, with a lower renter density and potentially slower leasing times, suggest that the 4.9% gross yield based on market rent is more likely to reflect the true earning potential for landlords and small-portfolio investors in ZIP 73768.
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.