Location: Enid, OK | Metro: Enid, OK MSA
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 | $790 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,480 | $142,881 | 1.04% | B |
U.S. Census Bureau data (2024)
The real estate market in ZIP 73773 is currently characterized by a median home value of $145,355, which provides a solid foundation for assessing future trends. Despite the lack of specific data on the percentage of listings that have been reduced and the median days on market (DOM), the median home value suggests a stable market environment.
The Forward Moving Rent (FMR) for ZIP 73773 is projected at $980 for fiscal year 2024, while the current market rent stands at $1,088 according to the Census ACS. This gap between FMR and actual market rents signals a potential shift towards rental properties becoming more attractive relative to homeownership. Landlords and small-portfolio investors should consider the implications of this trend, as it may suggest a growing preference for renting over buying in the area.
The setup implied by the data points towards a scenario where pricing power in the residential market could be somewhat limited over the next 12-24 months. With the median home value remaining relatively unchanged and the trend towards higher market rents compared to FMRs, there is an indication that the rental market might outperform the home sales market. This dynamic can affect the desirability of owning rental properties versus single-family homes.
For long-hold investors, the realistic appreciation thesis in ZIP 73773 is tied closely to the broader economic conditions and local job growth. If the area experiences sustained economic development and job creation, it could drive up both home values and rental demand, leading to gradual increases in property values. However, without significant economic catalysts, the appreciation rate may remain modest, reflecting the current stability in median home values.
In summary, the current median home value, combined with the observed rent-side dynamics, points to a market where the rental sector may offer stronger returns relative to the home sales sector. Investors should weigh the benefits of diversifying their portfolios to include rental properties, given the favorable rent-to-value ratio. The lack of significant data on listing reductions and DOM suggests a balanced market, but the potential for rental market strength should not be overlooked.
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.