Location: Texas County, OK | Metro: Cimarron 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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,210 | $159,839 | 0.76% | D |
U.S. Census Bureau data (2024)
The ZIP code 73949 stands out due to its unique demographic and economic characteristics. With a population of 1,620 residents, it has a relatively low percentage of renters at 15.4%, indicating that homeownership is more prevalent than leasing. The median income in this area is $62,477, which suggests a middle-class community. Additionally, the median home value of $144,471 reflects a stable housing market where property values are moderate.
Turning to the voucher economics, the Fair Market Rent (FMR) for ZIP 73949 is set at $950 for fiscal year 2026. This figure contrasts with the current market rent, which is recorded at $827 according to the Census ACS data. The higher FMR indicates that there is potential for landlords to receive slightly above-market rents when participating in the Section 8 program. However, it also means that the difference between FMR and actual market rates is significant, potentially affecting the attractiveness of the program for some landlords who might prefer higher market rates.
Based on the data signature, ZIP 73949 can be characterized as a stable community. The modest gap between the median income and median home value suggests that most residents can afford their homes without significant financial strain. Moreover, the low rental rate indicates that the demand for rental properties is not particularly high, which could mean that landlords should focus on offering quality properties to attract tenants who qualify for the Section 8 program. Given these factors, landlords and small-portfolio investors can expect steady but not rapidly growing returns in this ZIP code.
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.