Location: Tulsa, OK | Metro: Tulsa, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
The Section 8 market analysis for ZIP code 74013 in Tulsa, Oklahoma, reveals several key points that landlords and small-portfolio investors should consider. The HUD Fair Market Rent (FMR) for the area, as of fiscal year 2024, is set at $1140 per month. This figure serves as a benchmark for the rental assistance payments made under the Section 8 program.
Unfortunately, specific data regarding the market rent for ZIP 74013 is currently unavailable. However, given the HUD FMR, it's likely that voucher tenants will cashflow at the FMR rate in this area, assuming typical market conditions. This means that landlords can expect to cover their costs and make a profit without relying on premium units or charging significantly above the FMR.
The median home value in the area is also not available. Nevertheless, the rent-to-price ratio can be derived from the available data once the median home value is known. This ratio helps investors understand how rents compare to property values, which is crucial for assessing the potential profitability of owning versus renting properties in the area.
The Days on Market (DOM) and the percentage of homes that require price cuts before selling are currently unknown for ZIP 74013. These metrics are important for understanding the local real estate market's health and how quickly properties can be rented or sold. While these specifics are missing, the overall stability of the market can still be inferred from the consistency of the HUD FMR and the general economic trends in Tulsa.
In conclusion, the strongest investor angle in ZIP 74013 appears to be cashflow, given that voucher tenants are likely to cover the costs associated with renting properties at the HUD FMR rate. This makes the area attractive for those looking to generate steady income through rental properties.
Data Sources: FMR data from HUD (2027).
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.