Location: Mayes County, OK | Metro: Tulsa, OK HUD Metro FMR Area
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 | $860 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,120 | $216,638 | 0.52% | F |
| 3BR | $1,470 | $272,131 | 0.54% | F |
| 4BR | $1,720 | $354,608 | 0.49% | F |
| 5BR | $1,995 | $482,472 | 0.41% | F |
U.S. Census Bureau data (2024)
The ZIP code 74019, located in Claremore, OK, has a population of 21,023 residents, with 17.1% being renters. This indicates that the majority of the population owns homes, making it a homeowner-dominated area rather than a renter-heavy one. The median household income stands at $84,342, which provides context for the affordability of housing.
A typical market rent of $1,550 consumes approximately 18.4% of the median household income. In comparison, the Fair Market Rent (FMR) for FY 2024 in this ZIP is set at $1,070. This suggests that properties priced around the FMR are more likely to attract tenants who rely on Section 8 vouchers, given that the vouchers are designed to help those who cannot afford higher rents based on their income level.
The disparity between the market rent and the FMR highlights a potential challenge for landlords seeking to rent out units to Section 8 tenants. While there is a demand for rental properties, the availability of Section 8 vouchers may be limited due to the relatively low percentage of renters and the higher median income compared to the national average. Landlords should be prepared to offer competitive pricing closer to the FMR to attract tenants eligible for Section 8 assistance.
The kind of tenant profile a landlord can expect in ZIP 74019 includes individuals and families who are financially constrained but still have a reasonable chance of finding employment opportunities. These tenants would typically require assistance to meet their housing needs, given the higher market rents relative to their income. Landlords will need to balance their rental rates with the realities of the local economy to ensure they attract and retain reliable tenants who benefit from the Section 8 program.
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.