Location: Pawnee County, OK | Metro: Pawnee County, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
U.S. Census Bureau data (2024)
In ZIP code 74034, the economics of Section 8 housing are defined by the SAFMR (Small Area Fair Market Rent) rates established by HUD. For a two-bedroom apartment, the SAFMR is set at $970 per month for fiscal year 2024. This figure represents the maximum amount that a landlord can receive from the government under the Section 8 program for this specific ZIP code.
The local market rent for a similar unit is $1,083 according to the latest Census ACS data. This means that landlords in ZIP 74034 face a significant disparity between the market rent and the SAFMR rate. However, it's important to understand how the actual reimbursement works under the voucher system.
A Section 8 voucher is designed to cover the difference between what a tenant can afford and the SAFMR. Typically, tenants contribute 30% of their adjusted income toward rent. If a tenant has an adjusted income of $1,616 per month (the maximum allowable for a family of four in ZIP 74034), they would pay $485 toward the rent. The remaining amount, up to the SAFMR of $970, is covered by the housing authority. In this case, the voucher would reimburse the landlord $485.
In addition to the base rent, there are utility allowances which can vary but generally add about $200 to $300 to the total reimbursement. Assuming a utility allowance of $250, the total reimbursement to the landlord would be $735 ($485 base rent + $250 utilities).
This means that for a two-bedroom apartment renting at the market rate of $1,083, the landlord would face a shortfall of $348 per month if relying solely on the Section 8 voucher and utility allowance. Conversely, if the landlord sets the rent at the SAFMR rate of $970, the landlord would receive the full reimbursement plus the utility allowance, resulting in a total monthly income of $1,220 ($970 base rent + $250 utilities).
However, since the market rent is higher at $1,083, the landlord would still have a reimbursement gap of $133 per month even when accounting for the utility allowance. Landlords must carefully consider these economic realities when deciding whether to participate in the Section 8 program for properties located in ZIP 74034.
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.