Location: Harper County, OK | Metro: Beaver County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
2.7% of the residents in ZIP 73844 are renters, indicating a relatively low demand for rental properties compared to owner-occupied homes. $102,619 is the median home value in this area, which is significantly lower than the Fair Market Rent (FMR) of $960 set for the metro area in fiscal year 2026. This discrepancy suggests that rental properties could be undervalued relative to their market potential. However, the lack of specific data on market rent and median income means we must rely heavily on the FMR and median home value to make informed decisions. The absence of days on market (DOM) and price-cut share percentages indicates a stable market with little fluctuation, but this also means there's limited insight into how quickly properties are being leased or sold. Given the low median home value and the FMR, landlords and small-portfolio investors can expect to see a positive cash flow if they manage to secure tenants at or near the FMR. The low renter share implies competition for tenants might be fierce, necessitating well-maintained properties to attract and retain occupants. In conclusion, for Section 8 eligible properties, ZIP 73844 presents an opportunity for steady returns, provided that investors can navigate the local rental dynamics effectively.
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.