Section 8 Fair Market Rent (FMR) for ZIP 74026 - 2027

Location: Lincoln County, OK | Metro: Lincoln County, OK HUD Metro FMR Area

Investment Score for ZIP 74026

N/A

Monthly Rent (2BR)

$1,090

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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

Unit Size	Monthly FMR
Studio	$960
1 Bedroom	$980
2 Bedrooms	$1,090
3 Bedrooms	$1,450
4 Bedrooms	$1,690
5 Bedrooms	$1,960
6 Bedrooms	$2,195
7 Bedrooms	$2,371
8 Bedrooms	$2,490

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,450	$131,121	1.11%	B

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

814

Median Household Income

$56,250

Housing Units

347

Renter Percentage

23.6%

Occupancy Rate

78.1%

Renter Occupied

The ZIP code 74026, located in Muskogee, Oklahoma, is a region characterized by modest housing values and a significant portion of renters. This analysis provides key insights into the local rental market, including the Fair Market Rent (FMR), market rent, median home value, renter share, days on market (DOM), and median income, which are crucial for landlords and small-portfolio investors looking to make informed decisions.

The Fair Market Rent (FMR) for ZIP 74026 in fiscal year 2024 is set at $920, indicating the benchmark for affordable housing under federal programs.
The average market rent in the area stands at $1,022, based on data from the U.S. Census Bureau's American Community Survey (ACS).
The median home value in ZIP 74026 is $112,867, reflecting the overall affordability of the housing market.
Renters constitute 23.6% of the population, suggesting a moderate demand for rental properties.
The days on market (DOM) for rental listings is not available, which could indicate either a stable market or incomplete data.
The median household income in the area is $56,250, providing context for the financial capabilities of potential tenants.

Synthesizing these points, investors can see that ZIP 74026 offers a balanced rental market with a slight premium over the FMR. The median home value is relatively low, which might attract first-time buyers but also keeps rental prices within reach for many residents. With a moderate renter share and a median income that aligns well with the cost of living, the area presents opportunities for steady rental income. However, the lack of DOM data means that landlords should be cautious about supply and demand dynamics, possibly conducting further research on local vacancy rates and tenant turnover.

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.