Section 8 Fair Market Rent (FMR) for ZIP 74010 - 2027

Investment Score for ZIP 74010

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

A landlord considering purchasing a property in ZIP code 74010 for Section 8 should follow this decision tree:

Step 1: Determine if the Fair Market Rent (FMR) of $900 can cover the debt service on a property priced at $192,692. The FMR is set annually and represents the maximum amount that a Section 8 tenant can pay towards rent. To clear debt service, the FMR must be sufficient to meet all mortgage payments and other financial obligations associated with the property.

If the $900 FMR does not clear the debt service, the answer is No. The landlord would be operating at a loss and should consider other investment opportunities.

If the $900 FMR does clear the debt service, proceed to Step 2.

Step 2: Compare the FMR of $900 against the market rent of $670. This comparison helps gauge the potential profitability of renting to non-Section 8 tenants versus those participating in the Section 8 program.

• If the market rent is below the FMR, the answer is Yes. Landlords can potentially charge the higher FMR rate to Section 8 tenants, making the investment more attractive.
• If the market rent equals the FMR, the answer is It Depends. While the landlord can charge the FMR, there might be challenges in attracting non-Section 8 tenants willing to pay the higher rent. The landlord needs to weigh the benefits of steady Section 8 income against the potential for market fluctuations.
• If the market rent is above the FMR, the answer is No. Landlords may find it difficult to justify charging the lower FMR rate when the market suggests higher rents, indicating that Section 8 properties in this area might not be profitable compared to market-rate rentals.

Step 3: Assess the rental demand. In ZIP 74010, 32.5% of residents are renters. This percentage indicates a significant portion of the population seeking rental housing, which could support a Section 8 property. Additionally, the data shows that the days on market (DOM) for rentals is not available, suggesting either a very active or inactive rental market that requires further investigation.

• If the rental demand is high enough, and the landlord can secure a steady stream of Section 8 tenants, the answer is Yes. A strong demand for rentals supports the viability of a Section 8 investment.
• If the rental demand is insufficient, or if the landlord struggles to secure tenants due to factors such as competition or economic conditions, the answer is No. The landlord should look elsewhere where demand is more robust.
• If the rental demand is moderate, but the landlord can manage the property effectively and maintain occupancy rates, the answer is It Depends. The landlord's ability to manage and fill vacancies will play a critical role in the success of the investment.

Note: For a definitive analysis, the landlord should research local vacancy rates and the availability of Section 8 vouchers to ensure that there is adequate demand and funding for Section 8 properties in ZIP 74010.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.