Location: Cimarron County, OK | Metro: Cimarron County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The rental market in ZIP code 73937, which is part of the larger metro area scheduled for fiscal year 2026 updates, currently stands at a Fair Market Rent (FMR) of $990. This figure represents a pivotal benchmark for landlords and investors alike, indicating the rental rate that is considered fair and reasonable for the area. The FMR is particularly significant as it is tied to federal guidelines and programs such as Section 8, which can influence the number of tenants seeking rental properties.
A notable absence in the snapshot data is the specific market rent and the percentage of listings requiring a price cut. This gap suggests that either the market is relatively stable, with few listings needing adjustment, or that the data collection process is incomplete. A stable rental market often implies a balance between supply and demand, where landlords can maintain their asking rents without significant concessions.
The average days on market (DOM) and median home value are also not provided, leaving room for inference based on other available metrics. Typically, a higher DOM indicates a slower-moving market where demand may be lacking, whereas a lower DOM signals a brisk market with strong tenant interest. The lack of these figures could imply a market that is neither overly saturated nor in high demand, but rather in a state of flux, awaiting further developments.
With a 16.4% renter share, ZIP 73937 reflects a dynamic where a significant portion of the population opts for renting over homeownership. This statistic points to an ongoing trend of housing pressure, driven by the preference for renting. High renter shares can indicate a young demographic, transient populations, or individuals who prefer flexibility over long-term commitments. For landlords and investors, this suggests a steady demand for rental units, making it a viable market for those looking to invest in properties for lease.
In conclusion, ZIP 73937 presents a rental market characterized by a known FMR of $990, with indications of stability in the absence of price-cutting trends. The 16.4% renter share highlights a persistent demand for rentals, influenced by various demographic and economic factors, making it a noteworthy area for real estate investment. However, the lack of specific market rent and DOM data suggests a need for closer monitoring to fully understand the market's trajectory and dynamics.
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.