Section 8 Fair Market Rent (FMR) for ZIP 74053 - 2027

Investment Score for ZIP 74053

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: 2026-08-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The ZIP code 74053, located in Tahlequah, Oklahoma, is a burgeoning market with significant opportunities for real estate investors, particularly those interested in the Section 8 housing program. The area is characterized by a mix of rural charm and urban amenities, making it attractive to both homeowners and renters.

• The Fair Market Rent (FMR) for ZIP 74053 in fiscal year 2024 is set at $1060, providing a benchmark for rental rates that align with the Section 8 program.
• The average market rent, according to the latest Census American Community Survey (ACS), stands at $1,017, indicating a slight premium over the FMR for non-subsidized properties.
• The median home value in the area is $293,813, which reflects a stable housing market with reasonable entry points for investment.
• Renters make up 17.7% of the population, suggesting a moderate demand for rental properties but also highlighting the potential for growth in this sector.
• The median household income is $90,494, which is higher than the national average, pointing to a financially capable community that can support various housing needs.

Synthesizing these data points, investors in ZIP 74053 should focus on properties that meet or slightly exceed the FMR threshold, given the proximity to the market rent and the financial stability of residents. The relatively low percentage of renters indicates untapped potential for increasing rental offerings, especially those aligned with the Section 8 program, which can be a steady source of income. With median home values and incomes supporting a robust local economy, there's a strong foundation for long-term investment success in this area.

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.