Location: Texas County, OK | Metro: Texas County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 73939 are governed by the SAFMR (Small Area Fair Market Rent) for a two-bedroom unit, which is set at $990 for fiscal year 2026. This SAFMR represents the maximum amount that the Section 8 program will pay for a two-bedroom rental unit in this specific ZIP code. It's important to note that the local market rent, according to the Census ACS, is lower at $788. However, the SAFMR is the key figure for understanding your reimbursement.
A landlord participating in the Section 8 program receives payments based on the voucher holder's share plus the utility allowance. The tenant's portion of the rent is typically 30% of their adjusted income. If we assume an average adjusted income of $1,650 per month (this figure would need to be verified with local HUD data), then the tenant's share would be $495. This amount is calculated as follows:
$1,650 x 0.30 = $495
In addition to the tenant's share, there is also an allowance for utilities. For ZIP 73939, let's assume the utility allowance is $200 per month, though this can vary based on specific circumstances and should be confirmed with the local housing authority.
The total reimbursement a landlord can expect from the Section 8 program for a two-bedroom unit is therefore the sum of the tenant's share and the utility allowance. In this case, it would be:
$495 (tenant share) + $200 (utility allowance) = $695
This calculation shows that the actual reimbursement a landlord might receive could be less than the SAFMR of $990. The reimbursement gap, or the difference between the SAFMR and the total reimbursement, is:
$990 - $695 = $295
This means that landlords in ZIP 73939 could potentially face a monthly shortfall of $295 if they set their rent at the SAFMR level. Alternatively, if they set their rent closer to the local market rate of $788, they would have a smaller gap or possibly even a surplus, depending on the specific figures for the tenant's share and utility allowance.
To summarize, while the SAFMR for a two-bedroom unit in ZIP 73939 is $990, the typical reimbursement considering the tenant's share and utility allowance is $695, leaving a potential reimbursement gap of $295 per month. Landlords should carefully consider these figures when deciding whether to participate in the Section 8 program and setting their rental rates.
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.