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 73951 stands out in its county with a total population of 1,376 residents, where only 11.3% are renters. The median income data is currently unavailable, but the median home value is notably high at $143,920. This combination of a low rental rate and a high median home value suggests that the area is primarily owner-occupied, with a relatively small number of rental properties available.
Turning to the economics of Section 8 vouchers, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,020. In contrast, the actual market rent, based on Census ACS data, is significantly lower at $636. This substantial gap between the FMR and the market rent indicates that landlords who accept Section 8 vouchers could potentially receive rents above the local average, which might be attractive to some property owners in the area.
Despite the high median home value, the ZIP code's data signature points towards a stable environment rather than a transitional one. With a low percentage of renters and a lack of significant changes in median home values, it suggests that the housing market in this area is steady and unlikely to experience rapid shifts in the near future. However, landlords should consider the overall demand for rental properties and the potential impact of accepting Section 8 vouchers on their investment strategy.
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.