Location: Texas County, OK | Metro: Beaver County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
10.9% of residents in ZIP 73950 are renters, indicating a moderate demand for rental properties in the area. The Fair Market Rent (FMR) for ZIP 73950 is set at $1,050 for metro FY 2026, which is slightly above the market rent of $950 as reported by the Census ACS. This suggests that landlords could potentially charge a premium over the typical market rate without significantly deterring tenants.
$184,898 represents the median home value in ZIP 73950, which is lower than many metropolitan areas but still provides a stable base for property investment. The median income of $58,646 indicates that residents have sufficient disposable income to cover higher rent costs, especially if they are part of larger households or dual-income families.
The disparity between the FMR and the market rent also highlights an opportunity for landlords to adjust their pricing strategies. While the market rent is currently at $950, the FMR of $1,050 shows that tenants participating in the Section 8 program can afford higher rents, thus potentially increasing profitability for landlords who accept Section 8 vouchers.
Although the Days on Market (DOM) is listed as N/A, this could imply that there is little to no delay in finding tenants, suggesting strong tenant interest in the area. Similarly, the N/A% price-cut share indicates that landlords rarely need to reduce their asking prices to attract tenants, further supporting the idea of a robust rental market.
In summary, ZIP 73950 offers a balanced environment for landlords and small-portfolio investors, with a fair demand for rental units and the potential for higher-than-market rents through Section 8 participation. The relatively low median home value and stable median income support long-term investment viability. Accepting Section 8 vouchers can be a strategic move to capitalize on the current rental dynamics, ensuring a steady stream of income while serving a critical housing need.
Verdict: Section 8 participation is advisable in ZIP 73950 due to favorable rent-to-income ratios and strong tenant demand.
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.