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 ZIP code 73944 presents a dynamic rental market influenced by the interplay between federal guidelines and local realities. The Fair Market Rent (FMR) set at $950 for the fiscal year 2026 reflects the federal government's benchmark for affordable housing, indicating a target rent that should be accessible to low-income families receiving housing assistance. However, the actual market rent, as reported by the Census ACS, stands significantly lower at $519. This suggests that local rents are well below the federal guideline, which could indicate either a surplus of rental units or a strong presence of lower-cost housing options.
The renter share of 37.1% in ZIP 73944 implies a notable portion of the population relies on rental housing. This percentage is indicative of a community where a significant number of residents do not own their homes, which can exert continuous pressure on the rental market. Long-term, a high renter share often correlates with sustained demand for rental properties, as it reflects a segment of the population that is less likely to transition into homeownership due to various factors such as financial constraints, lifestyle preferences, or lack of access to credit.
Despite the lack of specific data regarding price-cut share, days on market (DOM), and median home value, the disparity between the FMR and market rent points towards a scenario where supply might currently exceed demand. Landlords and small-portfolio investors should be aware of this potential imbalance and consider strategies to attract and retain tenants, such as maintaining competitive pricing and ensuring property quality meets tenant expectations.
The dynamics of ZIP 73944 suggest an environment where landlords must navigate the tension between federal affordability standards and local market conditions. With a substantial renter population, there is a consistent need for rental housing, but the challenge lies in balancing the provision of affordable units with the financial sustainability of the investment. Investors should focus on understanding the local rental trends and the demographic characteristics driving the high renter share to make informed decisions.
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.