Location: Tulsa, 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 | $710 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $78,770 | 1.17% | B |
| 3BR | $1,200 | $126,280 | 0.95% | C |
| 4BR | $1,400 | $240,300 | 0.58% | F |
U.S. Census Bureau data (2024)
The median income in ZIP 74056, which encompasses Pawhuska, Oklahoma, stands at $47,311. Given this figure, the market rate for rent at $559 per month is relatively affordable for most households. However, when comparing the market rate to the Fair Market Rent (FMR) standard set by the Housing Choice Voucher program, which is $890 for the fiscal year 2024, there is a significant discrepancy.
This $890 voucher payment standard is substantially higher than the market rate, indicating that voucher holders have more purchasing power in the rental market. With 30.7% of the 4,864 residents being renters, the demand for affordable housing is strong, but the supply of properties that meet the voucher criteria could be limited.
The affordability gap means that landlords face competition not only from other property owners but also from the government-supported voucher program. The higher payment rates offered through vouchers can attract tenants who prefer guaranteed payments over market-rate rentals.
For landlords considering their strategy, focusing on voucher tenants can ensure steady and reliable income, albeit with some administrative overhead. On the other hand, targeting cash-paying tenants may offer a quicker leasing process but could result in lower monthly rents. Landlords should weigh the benefits of each approach based on their operational preferences and financial goals.
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.