Section 8 Fair Market Rent (FMR) for ZIP 73932 - 2027

Location: Beaver County, OK | Metro: Beaver County, OK

Investment Score for ZIP 73932

A+

Monthly Rent (2BR)

$920

Median Price (2BR)

$41,772

1% Rule

2.2%

Annual Yield

26.43%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$700
1 Bedroom	$710
2 Bedrooms	$920
3 Bedrooms	$1,250
4 Bedrooms	$1,490
5 Bedrooms	$1,728
6 Bedrooms	$1,935
7 Bedrooms	$2,090
8 Bedrooms	$2,195

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$920	$41,772	2.2%	A+
3BR	$1,250	$103,211	1.21%	A
4BR	$1,490	$175,394	0.85%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,940

Median Household Income

$58,155

Housing Units

944

Renter Percentage

32.5%

Occupancy Rate

64.3%

Renter Occupied

197

The ZIP code 73932, located in Beaver, Oklahoma, is a small town setting that offers unique opportunities for real estate investors, particularly those interested in the rental market. The area is characterized by its rural charm and modest economic indicators, which influence the local housing and rental dynamics.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $940, indicating the government's benchmark for affordable rental prices.
The actual market rent for the same type of unit, based on Census American Community Survey data, stands at $763, suggesting that there is potential for price increases to align with FMR standards.
The median home value in ZIP 73932 is $108,595, reflecting a relatively low barrier to entry for homeownership and investment properties.
Renters make up 32.5% of the housing market, a significant portion that highlights the ongoing demand for rental properties in the area.
The median household income is $58,155, providing insight into the financial capacity of residents to afford housing costs.

In summary, Beaver, OK presents a rental market where the actual rents are below the government-set FMR, indicating room for moderate price adjustments. With a substantial renter population and relatively low home values, the area offers a favorable environment for landlords and small-portfolio investors looking to capitalize on steady rental demand without the high costs associated with more urban settings. The median income suggests that while the area is modest, it supports a stable tenant base capable of meeting rental obligations.

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.