Location: Harper County, OK | Metro: Harper County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,110 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 73855 presents a complex scenario for both landlords and small-portfolio investors. The median home value data is currently unavailable, which suggests that there may be limited historical data to provide a comprehensive picture of the area's housing market trends. This lack of information on median home values, combined with the absence of percentages of listings reduced and days on market (DOM), indicates a potential scarcity of recent sales data, making it difficult to assess the current pricing power.
However, the Forward Market Rent (FMR) for ZIP 73855, set at $940 for the fiscal year 2026, provides a benchmark for rental income expectations. Despite the unavailability of the current market rent and its comparison to the FMR, this figure can still guide investment decisions. If the actual market rents are below the FMR, there could be an opportunity for gradual increases in rental rates, assuming the local economy supports such adjustments.
The setup implied by the available data suggests a cautious approach for long-hold investors. Without specific figures on median home values and listing reductions, it's challenging to establish a strong appreciation thesis. However, if the current market rents are significantly lower than the FMR, this could indicate a future upward trend in rental rates, potentially leading to higher property values as demand for rental properties increases.
For landlords, the focus should be on maintaining competitive rental rates while ensuring properties meet the necessary standards to attract tenants. Small-portfolio investors should consider diversifying their investments across different property types and locations to mitigate risks associated with the limited data available for ZIP 73855.
In summary, while the data for ZIP 73855 is sparse, the FMR of $940 offers a starting point for evaluating rental income potential. Long-term investors should remain vigilant and flexible, ready to adjust strategies based on emerging economic conditions and any new data that becomes available.
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.