Location: Harper County, OK | Metro: Harper 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 | $700 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,090 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $46,354 | 1.98% | A+ |
| 3BR | $1,090 | $98,445 | 1.11% | B |
U.S. Census Bureau data (2024)
The ZIP code 73834, located in Buffalo, OK, within Harper County, stands out due to its unique demographic and economic characteristics. With a total population of 1,544, only 14.1% of the residents are renters, indicating a predominantly owner-occupied community. The median household income is $72,500, which is relatively high compared to the median home value of $58,633. This suggests that homeownership is accessible to many residents, even though the area has a low rental rate.
Moving to the specifics of Section 8 housing, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $940. However, there is no available data on the local market rent for ZIP 73834. Despite this lack of information, the FMR can still provide insight into the rental dynamics. Given the high median income relative to the FMR, landlords might find that tenants with Section 8 vouchers could afford to pay the difference between the FMR and the actual rent, making it financially viable to accept vouchers.
The data signature for ZIP 73834 reads as stable. The high median income supports a strong local economy, and the relatively low cost of homeownership indicates a balanced real estate market. Although the rental market lacks detailed data, the overall economic indicators suggest that the area is not undergoing significant transitional changes. Landlords and small-portfolio investors should consider the potential benefits of accepting Section 8 vouchers, especially if they aim to serve a broader segment of the community while maintaining financial stability.
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.