Location: Beaver County, OK | Metro: Beaver 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 | $770 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,360 | $97,091 | 1.4% | A |
U.S. Census Bureau data (2024)
The median income in ZIP code 73938 stands at $73,750, which provides a foundational understanding of the financial capabilities of households in this area. The market rate for rent, according to Census ACS data, is $575 per month. This figure suggests that a typical household could afford the average rent with relative ease, given their income level. However, the comparison shifts significantly when considering the Fair Market Rent (FMR) set at $1,130 per month for metro areas in fiscal year 2026.
The disparity between the market rate ($575) and the FMR ($1,130) indicates a substantial affordability gap for renters. This gap means that the actual rental costs are far below the voucher payment standards, potentially creating an environment where landlords might struggle to find tenants willing to pay the higher FMR rates required by vouchers. In ZIP 73938, with only 14.6% of the population being renters and a total population of 728, the competition among landlords is likely to be fierce for the limited number of potential tenants who can afford higher rents.
Landlords must carefully consider their strategy regarding voucher acceptance versus cash-paying tenants. While vouchers guarantee a steady income stream, they also require landlords to meet higher rent thresholds, which may deter some tenants. On the other hand, focusing on cash-paying tenants allows landlords to offer more competitive rates closer to the market average, potentially attracting a larger pool of renters. The key takeaway for landlords is to weigh the benefits of voucher stability against the broader appeal of lower, market-rate rents to maximize occupancy and profitability in ZIP 73938.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.